DragonVenture leads Tooling & Manufacturing Delegation to Dongguan, China

Palo Alto, California, September 25, 2002

Silicon Valley based cross-Pacific venture capital and consulting firm DragonVenture, on September 23rd, led a Tooling & Manufacturing Delegation to Dongguan, the China city that has appointed DragonVenture as its consulting agency of record for introducing US business entities to Dongguan for potential investments.

US companies on the delegation are members of the Tooling & Manufacturing Association (TMA), a 1,600+ member not-for-profit organization of precision metalworking, plastic molding, and supplier companies in the Chicago area. With DragonVenture’s persuasive efforts, TMA decided to make this trade mission to China to explore manufacturing, outsourcing, partnership, or joint venture opportunities in China. TMA, at DragonVenture’s advice, chose Dongguan as the first stop on their China trip, attracted by Dongguan’s identity as one of China’s largest manufacturing bases and the third largest exporting city in China.

The TMA delegation was received by warm hospitality from the local government. Vice Mayor, Mr. Zhang Shun Guang, greeted the delegation with an opening reception, followed by an informative presentation about the latest development of Dongguan. Earlier in the day, under local police escorts arranged by DragonVenture, the delegation paid visits to two major manufacturing companies in Dongguan, Mansfield Manufacturing Co., Ltd, a 27-year old company specializing in precision metal stamping and die making business without cease, and Karrie International Holdings Limited, a leading personal computer and server casing manufacturer. Delegates exchanged views on the latest industry development with their Chinese counterparts and toured the plants to observe the advanced technology their local hosts have deployed.

The delegates, as well as the President of TMA, Mr. Bruce Braker, and the organizer, Mr. John Rogers, a lawyer with Sachnoff & Weaver, Ltd., were very impressed with DragonVenture’s arrangement of quality meetings with major local manufacturing players. The visit to Dongguan, although fact-finding at this stage, opens the window to China’s huge opportunities for the delegates. Tony Luh, Managing Director of DragonVenture, said, “We have no doubt US business entities will continue to explore the manufacturing capacities of Dongguan. We expect to see some delegates return to Dongguan with specific projects or expansion plans. They can certainly look to us for our consulting services to advise them on their China-entry strategies.”