A Belfast based high-tech company today opened an office in Beijing in a bid to grab a slice of the expanding Chinese economy.

SHARES in Andor Technology dived nearly 10% yesterday after the Belfast-based digital imaging company issued a profit warning.

Andor Technology has announced a rise in sales of 47.2% to £7.5m (€10.9m) today.

ANDOR Technology, the digital camera manufacturer that listed on London’s Alternative Investment Market (AIM) last year, has scooped £765,000 (€1.1m) from the sale of its old head office in west Belfast.

BELFAST-BASED digital camera manufacturer Andor Technology raised stg£4.5 million (€6.5 million) yesterday after floating on London’s Alternative Investment Market (AIM).

Andor Technology, a developer and manufacturer of high performance digital cameras and their associated products, today announces its admission to AIM and the commencement of dealings in its ordinary shares.

A 150-year old Cork company, Punch Industries, has been named as the overall winner of the 2003 All Island Innovation Awards.

Belfast company Andor Technology is investing over £6m (€8.7m) in new premises, equipment and processes to expand its operations at Springvale in West Belfast to enable it to exploit its lead in the electro-optical technology market, it has been announced.

A high-flying, hi-tech company based on the peace line in west Belfast is set to double its workforce, it was announced today.

Stormont Enterprise Minister Reg Empey will visit Beijing in support of a major trade mission to Hong Kong and China, it was confirmed today.