The factory was jointly established by the Foreign Languages Publishing House of the DPRK and the Oriental Yongli Hong Kong Int'l Investment Co., Ltd. and Jiangsu Zhongcai Printing Co., Ltd. of China. The factory will produce and sell varieties of printed materials and trade marks.

Attending the ceremony were Ri Kwang Gun, chairman of the Commission for Joint Venture and Investment, officials concerned and employees of the factory, Huang Junjie, vice mayor of Danyang City, Jiangsu Province of China, personages of the two Chinese companies, Wu Shiguang, councilor in charge of culture, and officials of the Chinese embassy here.

Choe Kyong Guk, director and editor-in-chief of the Foreign Languages Publishing House, addressing the ceremony, said that technicians and builders of the two countries built the factory in a short span of time.

He expressed belief that the factory would make a positive contribution to meeting the interests of the peoples of the two countries.

Jiao Xiaoping, manager of the Tongbaek Printing Joint Venture Company, in a congratulatory speech referred to the process of the construction of the factory, stressing the need to operate the company well.

At the end of the ceremony, the participants planted trees and looked round the production processes.

A reception was given on the same day.