Monday, January 31, 2005
Agilent Technologies Inc. announced Friday (Jan. 28) the formation of a joint venture between its test and measurement organization and Chengdu Qianfeng Electronics Ltd. Corp. of China to develop and manufacture test equipment for the Chinese market.Qianfeng is a industry-leading Chinese company in electronic equipment and gas appliances. The joint venture, Agilent-Qianfeng Electronics Technologies (Chengdu) Co. Ltd. will be located in Chengdu, in Sichuan Province.
The joint venture will be part of the Electronic Products and Solutions Group (EPSG) of Agilent Technologies (Palo Alto, Calif.). Max Yang has been named vice president and general manager of the new company. He was previously the vice president of China business development for EPSG. Dick Chang, a former senior vice president of Agilent, will serve as chairman of the joint venture.
According to Yang, the joint venture is the first in the test and measurement industry involving a Chinese company that will include all major business functions -- manufacturing, R&D and marketing.
"Qianfeng's local expertise will enable faster time to market with products ideally suited for test and measurement customers in China," said Yang in a statement.
The move is Agilent's latest to expand its presence in the China market, which the company considers a major growth area.
On Jan. 25, Agilent announced the formation of China Holding Co. in Shanghai to consolidate its entities and strengthen its presence there. Agilent currently has approximately 1,100 employees in China.
By: DocMemory
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