Spanish toy company chooses HK for regional sourcing office
(with photo)
************************************************************ Spain's IMC Toys officially announced today (October 13) the opening of its new regional sourcing office in Hong Kong. The expanded Hong Kong operation will also be used as a regional office.
The toy company sees Hong Kong as a strategically important location to co-ordinate international business activities in the toy sector.
The General Manager of IMC, Mr Albert Ventura, said Hong Kong was known as the toy capital of the world, conveniently located next to Mainland factories and offering flexibility, unparallelled logistics & banking services, transparent rule of law and a skilled English-speaking workforce. "If you are in the toy business, you have to be in Hong Kong," Mr Ventura said.
Founded in Spain in the early 1980s, IMC provides product design, sourcing and production of toys for clients around the world. In 2001, the company established an international marketing office in Hong Kong. Because of the exponential growth in its business in recent years, the company decided to strengthen its presence in this region by expanding its Hong Kong office into its regional sourcing centre.
The larger Hong Kong office, with 20 staff, offers quality service to its customers and manages all international sales, and supervises the manufacturing of products. According to Mr Felipe Almirall, R&D Director of IMC, the company plans to hire more staff next year.
The new regional office in Hong Kong will work closely with other IMC commercial offices around the world, including the United Kingdom, Portugal and, soon, France.
Speaking about future developments in Hong Kong, Mr Jorge Oltra, newly appointed Country Manager for Hong Kong & China, said that as long as China offered competitive manufacturing and the toy business gravitated around Hong Kong, IMC would continue investing in Hong Kong according to the business needs.
The Associate Director-General of Investment Promotion at Invest Hong Kong, Mr Simon Galpin, congratulated the company on its expansion in Hong Kong. "Hong Kong is well-known for its leading position in developing high-quality toys and it is one of the largest exporters of toys in the world," he said. "With the trend of conducting production in the Mainland, the toy sector in Hong Kong has increasingly played more important high value-add roles in quality control, management, marketing, product design and production planning. This creates great opportunities for international toy companies like IMC – to enjoy convenient access to the manufacturing facilities on the Mainland and also to tap the expertise of experienced management and logistics talent in Hong Kong."
Mr Galpin wished the company every success in its future development in Hong Kong and globally.
Invest Hong Kong is the Hong Kong Special Administrative Region Government department charged with encouraging investment into the city by providing all the support needed to establish a business presence here. For more information, please visit the website at www.investhk.gov.hk.
(with photo)
************************************************************ Spain's IMC Toys officially announced today (October 13) the opening of its new regional sourcing office in Hong Kong. The expanded Hong Kong operation will also be used as a regional office.
The toy company sees Hong Kong as a strategically important location to co-ordinate international business activities in the toy sector.
The General Manager of IMC, Mr Albert Ventura, said Hong Kong was known as the toy capital of the world, conveniently located next to Mainland factories and offering flexibility, unparallelled logistics & banking services, transparent rule of law and a skilled English-speaking workforce. "If you are in the toy business, you have to be in Hong Kong," Mr Ventura said.
Founded in Spain in the early 1980s, IMC provides product design, sourcing and production of toys for clients around the world. In 2001, the company established an international marketing office in Hong Kong. Because of the exponential growth in its business in recent years, the company decided to strengthen its presence in this region by expanding its Hong Kong office into its regional sourcing centre.
The larger Hong Kong office, with 20 staff, offers quality service to its customers and manages all international sales, and supervises the manufacturing of products. According to Mr Felipe Almirall, R&D Director of IMC, the company plans to hire more staff next year.
The new regional office in Hong Kong will work closely with other IMC commercial offices around the world, including the United Kingdom, Portugal and, soon, France.
Speaking about future developments in Hong Kong, Mr Jorge Oltra, newly appointed Country Manager for Hong Kong & China, said that as long as China offered competitive manufacturing and the toy business gravitated around Hong Kong, IMC would continue investing in Hong Kong according to the business needs.
The Associate Director-General of Investment Promotion at Invest Hong Kong, Mr Simon Galpin, congratulated the company on its expansion in Hong Kong. "Hong Kong is well-known for its leading position in developing high-quality toys and it is one of the largest exporters of toys in the world," he said. "With the trend of conducting production in the Mainland, the toy sector in Hong Kong has increasingly played more important high value-add roles in quality control, management, marketing, product design and production planning. This creates great opportunities for international toy companies like IMC – to enjoy convenient access to the manufacturing facilities on the Mainland and also to tap the expertise of experienced management and logistics talent in Hong Kong."
Mr Galpin wished the company every success in its future development in Hong Kong and globally.
Invest Hong Kong is the Hong Kong Special Administrative Region Government department charged with encouraging investment into the city by providing all the support needed to establish a business presence here. For more information, please visit the website at www.investhk.gov.hk.
Ends/Thursday, October 13, 2005
Issued at HKT 10:08
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