Intermec Announces Beijing Subsidiary
Intermec (NYSE: IN) today announced Intermec Beijing Technology
Co. Ltd (Intermec China), a Wholly Foreign Owned Enterprise (WFOE).
Located in the Haidian district of Beijing, Intermec China will be able
to contract with customers directly using the local currency (CNY). It
also enables Intermec to import and export goods as well as purchase
goods and services for use in and outside of China, and permits Intermec
to employ people directly without the use of a government intermediary.
“This investment signifies our long-term commitment to China and greatly
enhances our capabilities as we expand our presence in one of the
world's largest and fastest growing economies,” said Al Lauer, Intermec
CEO. “We look forward to strengthening our relationship with the