Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 Phoseon Forms Wholly Foreign Owned Enterprise in China - Ink World Magazine

What are you searching for?

Sign in
Industry News, Suppliers News

Phoseon Forms Wholly Foreign Owned Enterprise in China

New entity to sell and service products directly to Chinese customers.

Author Image

By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Phoseon Technology announced the formation of a wholly foreign owned enterprise (WFOE) in China to better serve the Chinese and greater Asia-Pacific markets.
 
The new limited liability company reinforces Phoseon’s commitment to the region and allows it to make investments and facilitate local sales and service transactions.
 
“This enterprise will allow us to react quickly and make direct transactions with our customers, and facilitate our customer service process, in the China market,” said Bill Cortelyou, president and CEO of Phoseon.
 
Another benefit of the WFOE is the autonomy and control it provides, allowing Phoseon to quickly and flexibly implement its company-wide global strategy
 
The WFOE is considered the optimal structure for companies that plan to have long-term business interests in China, while at the same time maintain maximum control and flexibility in the decision-making process and enabling joint ventures or local acquisitions, Cortelyou said.
 
“Investing in this market is proof of our commitment to a long-term presence,” he said. “It will give us greater control over our business venture in mainland China.”

Add us as a preferred source on Google

Get the latest Ink World magazine news, insights and analysis in your Google Search and AI experiences.

Add Ink World magazine as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Ink World magazine Newsletters

Topics