Cresyn of South Korea Adds Nine Million Dollar Investment in the Microelectronics Industrial Park

In order to increase its market shares in China and the world, Cresyn Electronics (Tianjin) Co., Ltd. in the TEDA Microelectronics Industrial Park registered a nine million dollar investment increase at the end of June 2009, upon the approval of the TEDA Administrative Commission. At present the investment made by Cresyn has amounted to 25.28 million dollars, and its registered capital 17 million dollars.

Cresyn Electronics (Tianjin) Co., Ltd. was solely founded by Cresyn Inc. of South Korea, the largest and most powerful earphone provider in the world, and settled down in the Microelectronics Industrial Park in Oct. 2003. The company mainly produces earphones and batteries for the world's famous cell phone manufacturers like Samsung, Matsushita, Sony, Aiwa, Motorola, etc. In recent years Cresyn has seen robust growth in Tianjin, with its output value reaching 1.2 billion yuan in 2008. Since the start of this year, in spite of the negative influence of the financial crisis and the downturn in international and Chinese markets of electronic products, Cresyn has maintained stable development. In line with the overall development strategy of Cresyn Inc., the company in Tianjin will develop itself bigger and stronger so as to become the global factory of Cresyn.