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Uruguayan business group, Embryotech Uruguay, announced today (August 16) that it has chosen Hong Kong for its first Asia-Pacific venture. The company's beef-trading division recently set up Union Pacific Ltd to import, distribute, market and retail high quality Angus beef via a newly launched shop in Hong Kong.
The company also plans to launch a food factory which will begin production of Angus Beef Burgers by the end of this year.
Ms Paola Ramirez, Director of Union Pacific Ltd, said Hong Kong was the ideal location for the company to introduce their products to the region. She said: "Hong Kong has an excellent transportation infrastructure and is located close to all the major markets in Asia. Our business relies on a premium service to ensure our products reach the customer in a timely and hygienic fashion. In Hong Kong we find the ideal conditions."
ˇ§We are delighted to welcome Don Pacho to Hong Kong. We are confident that the combination of a good market of high-end consumers, along with the infrastructure needed to import, market and distribute a high-value product will form the basis of success of Don Pachoˇ¦s regional plans,ˇ¨ said Mr Charles Ng, Associate Director-General at Invest Hong Kong.
Invest Hong Kong is the Hong Kong Special Administrative Region Government department charged with encouraging and facilitating inward investment into the city by providing the support needed to establish or expand a business presence here. For more information: www.investhk.gov.hk.
Ends/Thursday, August 16, 2007
Issued at HKT 18:00
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