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December 17, 1987

PHILIPS TO SIGN AGREEMENT WITH THIRD CHINESE FACTORY

By CBR Staff Writer

The Philips agreement for manufacture under licence of its Sopho-S 20- to 20,000-extension PABXs at two factories in China (CI No 833) represents annual sales of between $80m and $110m: Philips expects next month to sign a similar agreement with a third Chinese factory.

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