In December 2006, Chau's Electrical Co., Ltd. is celebrating its 30th Anniversary and 10th Anniversary of its listing under its holding company Solartech International Holdings Limited (HKEX stock code: 1166).
2006 is an important year for the Group as, in addition to celebrating its anniversaries, the Group has also reached numerous milestones during the year. In August 2006, the Group acquired Brascabos Componentes Elétricos e Eletrônicos Ltda., which has given it an immediate foothold in Latin America and the capability to diversify its business to cover the automobile market. With its new plants in the PRC and Thailand starting operation, the Group also saw its production capacity greatly enhanced for meeting ever-increasing customer demands.
Mr. Chau Lai Him, Chairman of the Group, said, "The past 30 years including many challenging periods represent a glorious chapter in our history. On behalf of the Group, I would like to thank all of our business partners and staff for their continuous support and tireless efforts that have seen us to success. Looking forward, we will continue to boost market shares of our products and expand our business globally. Riding on the solid foundation of our core cable, wire and copper rod business and synergies brought about by the acquisition, we are confident of making strides in our advance into a new era of development." |