Topcon Establishes New Joint Company in China to Increase Manufacturing Capability
The new company, Topcon (Beijing) Opto-electronics Development Corporation, will be jointly owned by Topcon Corporation, BTBT, and Topcon Positioning Systems, a wholly-owned US subsidiary of Topcon Corporation.
The new company will begin operation after completing registration procedures which are anticipated to be in July 2010.
Demand for the positioning instruments in China is expanding along with increasing infrastructure construction and modernization of the geographical information databases. The new joint company will manufacture GNSS receivers in addition to the existing optical product lineup, which includes GOWIN brand total stations, primarily sold in Chinese and other emerging markets.
Topcon Positioning Systems, Inc. (TPS) designs and manufactures precise positioning products and solutions for the global surveying, construction, agriculture, civil engineering, mapping and GIS, asset management and mobile control markets. TPS’ parent company, Topcon Corporation (Tokyo Stock Exchange – 7732), was founded in 1932.