LIVERMORE, Calif. – Topcon Corporation announces that it has entered into an agreement with Beijing Topcon Business and Trade Co., Ltd. (BTBT) to establish a new joint company in China. In 2004, Topcon Corporation and BTBT, an exclusive distributor of Topcon products in China, jointly formed Topcon (Beijing) Opto-electronics Corporation, a manufacturing firm in Beijing, on which the new joint company is based.
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
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
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.
Topcon Establishes New Joint Company in China to Increase Manufacturing Capability
June 15, 2010