PRESS RELEASE Release
date: February 1, 2002
CPC INC. ANNOUNCES NEW
BUYING OFFICE IN CHINA.
Continuous Promotion for Consumers, Inc. (CPC Inc.), a
leading importer / manufacturer of promotional and advertising specialty
products in the Philippines, announced the appointment of Mr. Ty Hang Chiu and
SPT Trading Company of 391 Chou Zhou Road, Yiwu, Zhejiang 322000, China (Phone
86-579-5313139, Fax 86-579-5313039) as CPC’s official Buyer’s Representative
for Northern China, covering manufacturers within the booming industrial
provinces along the Yellow River valley culminating around the major
embarkation port cities of Shanghai and Ningbo. This new office augments CPC’s long standing Buying Office in
Hong Kong which was having difficulties coping with the volume of business from
China. The Hong Kong
office can now focus their attention around the other major consumer production
center around the port cities of Guangzhou,
Shenzhen and Hong Kong.
Yiwu is the main commercial wholesale center within China,
sometimes called the Divisoria of China,
nearly every Chinese manufacturer have product representatives in Yiwu which
makes it an ideal location to source products.
It’s location is conveniently located between the two major ports of Shanghai
and Ningbo which provides maximum
access and selection of shipping resources.
CPC Inc. normal transit time between Shanghai
and Manila is 5 to 7 days whereas
most requires 13 to 21 days.
Douglas Yu, Manila
based President of CPC, Inc., cited “Emphasis on Competitive Advantage” as the
primary reason for the creation of the new office. “The Promotional Products Industry in the Philippines
is saturated and very competitive”, Mr. Yu explained, “The implementation of
GATT, the lowering of Tariffs and the removal of most trade barriers including
the SGS, naturally swelled the number of companies engaged in this
business”. “It is common knowledge that
everything is made or will eventually be made in China, being a Filipino-Chinese
company, we have a distinct advantage
over our competitors, half of whom are not Chinese and the other half,
surprisingly, are not Filipinos (such as Americans and Koreans).”
A warehouse is connected to the office, situated on Yiwu’s
main street. It can accommodate two
40’High Cube containers and will also serve as a delivery point and
consolidation center. CPC Inc. are also
major Freight Forwarders, they accept assorted merchandise and delivers the
goods to their owners in Manila at
a low fixed price per cubic foot.
Advanced technology has always been a hallmark of CPC
Inc. The most advanced ADSL in China
provides 24/7 real time broadband communications with its Manila
base office. Two of the five staff
members are Mandarin, English, Tagalog speaking Chinese who are trained in computer
graphics, design and communications.
This prevents a common cause of rejects from China,
the murdering of a customer’s logo.
A third office is planned for later this year in the
vicinity of Xiamen, Fujian
For more information: