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Based on the emerging market opportunities in Asia over recent years, Umeco is now forming a company in China to act as an Asian hub.
This WFOE (Wholly Foreign Owned Enterprise) will be located in a trade free zone in Kunshan near Shanghai. The hub will enable Umeco to have a local presence in the market which is the largest consumer of composite materials, with projections of growth exceeding those in both Europe and the USA.
The office in Kunshan has been set up, and Umeco Asia is to be officially established in the next few weeks. The operation will include sales and distribution, as well as manufacturing and warehousing. A team of four has already been put together, headed up by general manager, Hong Fang. Mr Fang will focus primarily on the sales of Umeco’s process materials, setting up a sales and distribution network to serve new and existing customers in Asia.
With manufacturing and distribution sites across the world, ours is very much a global approach to creating and delivering the right solution. Yet it’s our local links that enable us to do so. We think of it as global knowledge, locally served.