CFG joins hands with Barco to digitalize Chinese cinema
Patrick Nijs, Belgium Ambassador (R2) shakes hands with Zhang Pimin (R3), Deputy Minister of State Administration of Radio Film and Television at the launch of CFG Barco (Beijing) Electronics in Beijing on August 23, 2011. [Photo/chinadaily.com.cn]
China Film Equipment Corporation, a member of China Film Group (CFG) has joined hands with Barco, a Belgium technology company, and launched CFG Barco (Beijing) Electronics Co. Ltd, a joint venture, in Beijing on August 23, 2011.
The launch of the new company is another milestone for Barco and shows its long-held vision to operate in China in the long run. With a total investment of 70 million RMB (roughly $11 million), both parties are fully committed to digitalize cinemas in China and push forward localized production of Chinese films.
This year marks the start of the 12th “Five-Year Plan.” By joining hands, Barco and CFG will continue to work together in promoting the development of the cultural industries and in accelerating the localization of digital cinema products in China.