For
Immediate Release
China
Trade & Technology Mission Leads to Big
Business
Toronto – November 29, 2004 -
New partnerships and business opportunities were
the results of the jointly led Canadian Manufacturers & Exporters/
PBB Global Logistics 2004 China Trade & Technology
Mission.
The tour ran from October 24-November 9 and
took sixteen Canadian companies to the cities
of Hong Kong, Guangzhou, Chengdu, Nanning, Shanghai
and Beijing. The mission gave companies looking
to do business in and source products from China
the unique opportunity to meet industry leaders
and high-level government officials from across
China. During the mission, participants also
visited several factories to see the “manufacturing
tiger” in action.
“Every company operating in North America today
needs a China strategy if they’re going to be
globally competitive,” said CME President & CEO,
Perrin Beatty. “Every company gained valuable
insight into doing business in China and came
away with contacts enabling them to move forward
with their specific project objectives.”
Although the final results have not yet been
tallied, almost all mission participants report
that they have plans in place to actively follow-up
and develop long-term business relationships
with their Chinese contacts. There are at least
two potential joint ventures in the works, and
several business deals in the $8 to $10 million
range. And with the initial contact under their
belt, several businesses have already made plans
to return to China to solidify their initial
discussions with their Chinese partners.
“Companies looking to enter the extremely exciting
but complex Chinese marketplace have access to
our extensive experience and our deep understanding
of the business culture of China,” said Michael
D. Scott, PBB President & CEO. “The reality
is that the first step to doing business in China
is to make face-to-face contact. We provide the
environment for that, bring the companies together
and watch the magic happen.”
Companies participating in the Trade & Technology
Mission 2004 benefited from PBB and CME’s history
of success in China. The two organizations have
a combined 40 years of business experience in
Asia, and have partnered in four successful trade
missions to China. PBB is experienced in logistics
between China and North America, and is heavily
involved in providing sourcing assistance through
its Access China program.
Canadian Manufacturers & Exporters is run
by business, for business. Its members account
for 75% of Canada’s industrial output and 90%
of its exports. Over the past eight years, CME’s
members have been responsible for over 45% of
the new jobs created in the Canadian economy.
PBB Global Logistics is a leading provider of
third party international logistics services,
facilitating the movement of goods across North
America and around the world. Founded in 1946,
PBB has expanded it core Customs brokerage and
freight operations and now provides supply chain
solutions, from the point of origin of goods
to the point of consumption, as well as international
capabilities, professional trade services and
corporate travel management. With approximately
1,100 employees in over 85 strategic locations
throughout North America and an established global
network of logistics service providers, PBB has
the technology, expertise and infrastructure
to meet every supply chain need. PBB Global Logistics
is a wholly owned subsidiary of PBB Global Logistics
Income Fund with units trading on the Toronto
Stock Exchange under the symbol PBB.UN.
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For more information contact:
Treena Adhikari
Canadian Manufacturers & Exporters
905-568-8300 ext. 249
Email: treena.adhikari@cme-mec.ca
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