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Transfar Group President Xu
Guangju briefing the delegation
26 June 2008 -
Philippine Consul General to Shanghai Maria Rowena Mendoza Sanchez led a
delegation to visit Transfar Group recently and was warmly met by its
president Xu Guangju.
Transfar Group
is a multi-industrial company specializing in chemicals, logistics,
agriculture and investments. It is one of the Top 50 Chinese companies for
Brand Competitiveness and one of the leading companies in Zhejiang Province.
In 2007, Transfar Group’s total revenue was RMB10.27 billion or roughly US
$1.5 billion. Transfar’s logistics base in Suzhou,
is an RMB 1 billion investment which includes infrastructure, management
services and a platform for e-commerce.
In her talks
with the Mr. Xu and other officials of Transfar Group, Consul General
Sanchez said that there are many business and investment opportunities open
for Chinese businessmen in the Philippines. Citing the visit of H.E.
President Gloria Macapagal-Arroyo to Shanghai in early October 2007 where
she addressed over 300 Chinese businessmen during the Philippine Business,
Trade and Investment Forum, opportunities in mining, logistics, agriculture,
IT and IT-enabled industry are open for investment – all areas that could be
of interest to Transfar Group. Consul General enjoined Transfar Group to
consider the Philippines as a potential investment destination.
Mr.
Xu, for his part, informed the Consul General that Transfar Group will
certainly look into the opportunities in the Philippines. He likewise said
that in his capacity as the chairman of the
Zhejiang Federation
of Industry and Commerce & Zhejiang Provincial Chamber of Commerce, he will
organize a group of Zhejiang businessmen to visit the Philippines in the
near future.
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