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MONDAY, JULY 7, 1975
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TOP BRITISH EXECUTIVES COMING HERE TO DISCUSS FACTORY VENTURES
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THE DEPUTY DIRECTOR OF COMMERCE AND INDUSTRY, MR. ROY PORTER, SAID TODAY (MONDAY) THAT HONG KONG CAN EXPECT VISITS FROM A NUMBER OF BRITISH EXECUTIVES WITHIN THE NEXT THREE MONTHS TO TALK ABOUT SETTING UP FACTORIES HERE.
MR. PORTER, JUST BACK FROM A THREE-WEEK TOUR OF BRITAIN, HAS BEEN +SELLING+ HONG KONG TO BRITISH INDUSTRIALISTS AS A PLACE FOR INVESTING IN MANUFACTURING INDUSTRY, EITHER BY GOING INTO PARTNERSHIP WITH LOCAL CONCERNS, OR BY GOING IT ALONE.
MR. PORTER VISITED LONDON AND BIRMINGHAM WITH MR. S.K. HO OF THE TRADE DEVELOPMENT COUNCIL, AT THE INVITATION OF THE CONFEDERATION OF BRITISH INDUSTRIES WHICH ALSO INVITED SINGAPORE AND MALAYSIA TO TALK AT A SERIES OF SEMINARS.
THE HONG KONG TEAM TOOK ADVANTAGE OF THEIR PRESENCE IN BRITAIN TO TRAVEL WIDELY IN ORDER TO MEET SEPARATELY WITH BRITISH INDUSTRIALISTS DURING, AS WELL AS AFTER, THE SEMINARS AND CONSEQUENTLY STAYED IN BRITAIN LONGER THAN THEIR COUNTERPARTS FROM MALAYSIA AND SINGAPORE.
MR. PORTER SAID THAT MOST BRITISH COMPANIES WERE NOT AT PRESENT CONSIDERING INVESTING IN HONG KONG OR ANYWHERE ELSE FOR THAT MATTER. THE ECONOMIC CLIMATE IN BRITAIN DOES NOT SEEM TO ENCOURAGE THIS KIND OF THINKING FOR THE TIME BEING.
NEVERTHELESS, KEEN AND GENUINE INTEREST WAS SHOWN BY A NUMBER OF THE INDUSTRIALISTS TO WHOM HE TALKED. +THEY MADE MANY SEARCHING INQUIRIES,+ HE ADDED, +AND SOME ARE VIRTUALLY CERTAIN TO ENGAGE IN MANUFACTURING HERĖ.
AMONG THE COMPANIES WHICH SHOWED SPECIFIC INTEREST IN HONG KONG WERE A MOST EXCELLENT COMPANY ENGAGED IN PRODUCING PRECIOUS DIE-CASTINGS (A HIGHLY TECHNOLOGICAL INDUSTRY), A WELL-KNOWN MANUFACTURER OF THERMO-PLASTIC PRODUCTS, A PRINTING COMPANY A COMPANY LOOKING FOR A PARTNER TO MANUFACTURE ELECTRIC. SWITCH-GEAR, A FIRM WHICH WISHES TO ESTABLISH IN A JOINT VENTURE TO PRODUCE HIGH-QUALITY STAINLESS STEEL PRODUCTS (MOSTLY HAND-MADE), A VERY DYNAMIC ELECTRONICS COMPANY, A SMALL SPECIALISED PAINT COMPANY, A SUBSIDARY OF ONE OF BRITAIN'S LARGEST COMPANIES MANUFACTURING PNEUMATIC EQUIPMENT AND A LEADING MANUFACTURER OF HIGH QUALITY TOYS.
MR. PORTER CONCLUDED THE TRIP HAD INDEED BEEN WORTHWHILE.
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