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HOME  NEWS Client News Chicago-based Strategic Sourcing Specialist to Represent InvestHK in Midwest
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Chicago-based Strategic Sourcing Specialist to Represent InvestHK in Midwest |
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China Optimization Group, a leading provider of China-specific strategic sourcing and market-entry solutions, announced that it has been named the Investment Promotions Consultant by Invest Hong Kong for the Midwestern region of the US, a territory covering 10 states.
In this role, China Optimization Group (COG) will help public and private organizations from Arkansas, Illinois, Indiana, Iowa, Louisiana, Minnesota, Mississippi, Missouri, Ohio and Wisconsin to identify new business opportunities in Hong Kong. Hong Kong is ranked as the second largest destination for foreign direct investment (FDI) in Asia by the United Nations Conference on Trade and Development with $34 billion of FDI in 2004, behind only mainland China.
Invest Hong Kong (IHK) is Hong Kong's investment promotion agency that offers assistance to companies interested in establishing or expanding their presence in the city.
"Companies need to view China as an opportunity, rather than a threat," said Jeff Pluto, president and CEO of China Optimization Group. "This amazing growth is just the beginning, and we are thrilled to be able to introduce Midwestern businesses to the growth potential now present in Hong Kong and throughout China. Our relationship with Invest Hong Kong will help educate Midwestern businesses about the opportunities with China that can now be brought to their door."
As an advocate for IHK, COG will also communicate the benefits of leveraging IHK services in order to facilitate any related issues in China, from work visas, trademark registrations and incorporation to regulatory advice, and logistics support guidance.
The China Optimization Group was founded in 2003 by Pluto and Tony Jiang, a former Bain consultant, in order to provide vendor independent sourcing solutions that lower product costs and relieve margin pressures. The company has experience serving organizations from a variety of markets, including consumer goods, energy, industrial and manufacturing, professional services and telecommunications.
"More businesses than ever are looking to grow their operations in the Asia Pacific region, and Hong Kong realizes that the Midwest is home to some of the world's largest and most diverse enterprises that could benefit from having a presence in Hong Kong," said Mike Rowse, director-general of investment promotion at IHK. "The China Optimization Group has demonstrated a breadth and depth of experience in helping North American organizations to understand and quickly capture economic opportunities that are available throughout China."
Illinois Congressman Mark Kirk, who is a founding member of the US-China Working Group in the US House of Representatives, believes it is crucial that economic and trade ties continue to strengthen for companies throughout the Midwest.
"Just as the US-China Working Group is working to educate legislators on the benefits of working with China, the China Optimization Group and Invest Hong Kong are working to help businesses throughout the Midwest benefit from a deeper understanding of doing business in China." Kirk said.
"Midwestern businesses have had to continually reinvent themselves in the face of new business challenges, and the current economic environment requires that companies explore all opportunities in the global marketplace," said Paul O'Conner, executive director of World Business Chicago, a not-for-profit economic development corporation affiliated with the City of Chicago. "By developing a relationship with Hong Kong, businesses in Chicago and throughout the Midwest may be able to attain new competitive advantages.
"In the Midwest, inquiries should be directed to Mr. Tony Guagliardo, vice president of business development at COG (847.855.9097 or tonyguagliardo@chinacog.com).
ABOUT CHINA OPTIMIZATION GROUP
China Optimization Group (COG) offers a proven approach to driving market share expansion for mid-tier and Fortune 500-level companies through a comprehensive, China-specific service platform that includes strategic sourcing analysis and delivery and market entry solutions. This unique offering is built upon COG's impartial advocacy for every client, with transparency of costs driven by product unit data so that accurate savings can be tracked and strategic planning conducted. For more information, visit COG's website, http://www.chinacog.com
SOURCE: China Optimization Group
CONTACT: Peter Wiltjer for China Optimization Group
+1-630-248-3440
petewiltjer@bwmginc.com
Web site: http://www.chinacog.com |
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