An ideal environment to grow in Asia ( 11/11/2002 )
  
 
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Henry Jong of Habasit Asia says Hong Kong is the gateway to the company’s investment in the mainland

 
A leading manufacturer of power transmission, conveyor and processing belts in Switzerland, Habasit AG, has selected Hong Kong as its regional headquarters and fabrication and distribution centre to tap the potential of the growing Greater China market.

General manager of Habasit Asia Ltd Henry Jong said that Hong Kong is the best place to serve Habasit's markets in the Chinese mainland and Taiwan, due to its free port status.

"Hong Kong provides an ideal environment for our company to grow in Asia. With its sound financial system, its pool of high quality manpower and efficient government machinery, Hong Kong is a superb location for our East Asia regional headquarters. These competitive edges can further guarantee investment security," Mr Jong said.

He pointed out that Hong Kong can be the bridgehead for Habasit's long-term policy of investing more in the mainland.

"China's recent WTO entry offers additional opportunities for Habasit. With Hong Kong as the gateway, we aim to take advantage of the growing demand for our products in Greater China," Mr Jong added.

Habasit has offices and factories in 70 countries. Global sales revenue in 2000 was HK$2.1 billion (US$270 million).

Related links:
Habasit AG
www.hasabit.com
WTO www.tdctrade.com
InvestHK www.investhk.gov.hk



 
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