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DragonVenture leads a US Die Casting Delegation to Dongguan, China
Palo Alto, California, Nov. 18, 2002
Silicon Valley based cross-Pacific venture capital and consulting
firm DragonVenture led, in early November, a US die casting
delegation for a week-long visit to the city of Dongguan, the third
largest exporting city and one of the largest manufacturing bases in
China.
US companies on the delegation are members of the
North American Die
Casting Association (NADCA), the sole trade and technical
association of the die casting industry with membership consisting
of both corporate and individual members from over 950 companies
located in every geographic region of the US. At DragonVenture’s
advice, NADCA decided to make the trade mission to China to explore
manufacturing, outsourcing, partnership, or joint venture
opportunities in China and chose Dongguan as the sole destination of
their China trip, attracted by its burgeoning die casting industry.
The NADCA delegation of 22 members representing 14 companies, as
well as the president of NADCA, visited 11 die-casting plants in 8
different townships in Dongguan within 5 days. The delegates were
highly impressed with the fast-growing die casting industry in
Dongguan. They were most pleasantly surprised by the upscale
machinery and modernized operations in the plants they toured. The
delegates also had the chance to tour around each town they visited
and met with the township government officials. They were fascinated
by the vertically integrated industrial environment in Dongguan, in
addition to its astounding city development.
The week-long trip has no doubt opened up the window to China’s huge
opportunities for the delegates. Many of them have expressed strong
and particular interests in going back to Dongguan in the near
future to explore the huge potentials there. Their impressions and
visions of China, and Dongguan in particular, are best summarized by
Mr. Daniel Twarog, the President of NADCA. “We are truly impressed
with the competitiveness of the die casting industry in Dongguan.
The delegation trip is indeed a valuable eye-opening experience for
all of us. Our belief and sense of urgency are further confirmed
that we need to consider business alliances and strategies that will
allow us to continue to grow in the highly competitive global
economy.”
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