 |
 | |||||||||
| |||||||||
|
| |||||||||
| |||||||||
| Germany's largest retailer sets up global sourcing hub in Hong Kong ( 13/10/2003 ) | |||||||||
METRO AG's member of management board Stefan Feuerstein said Hong Kong offers ideal conditions with its long tradition as a trading and import location and its excellent strategic position at the centre of the important East Asian procurement markets. "The Hong Kong office will further expand its important position as the interface of METRO's imports. Hong Kong is where the Centre of Competence for the imports of the METRO sales divisions from Asia and non-EU countries will in future be domiciled with over 400 employees," said Mr Feuerstein. He added: "Regional offices have been set up in strategically important countries which report directly to the Hong Kong office. Worldwide, MGB Hong Kong has around 550 employees. In the next few years, it will in particular focus on the further expansion of the import of goods from non-EU countries." METRO's Hong Kong operation Gemex Trading Ltd was integrated into the Group and will sign under the name of MGB METRO Group Buying Hong Kong Ltd from November. As METRO AG's sourcing headquarters, the new company will be responsible for all buying activities from Asia and non-EU countries. METRO AG is a trading and retailing group with more than 2,300 locations in 27 countries. It generated sales of EUR52 billion in 2002, of which more than 46 per cent are from abroad. Related link: | |||||||||
| |||||||||
|
|
