Four Vermont manufacturers, Consulate General discuss expanding business in China

first_imgThe Vermont Chamber of Commerce was joined by four of its manufacturing members in an economic summit with China’s Consulate General on November  23. Meeting at the Vermont Chamber office in Berlin, Consulate General delegates and Vermont Chamber members talked about their current operations in China and expanding business opportunities there. ‘These are Vermont companies with Vermont values that are growing their businesses by building a stronger partnership with China,’ said Chamber President Betsy Bishop. ‘The Vermont Chamber set up this meeting with the Consulate General so these companies can be connected to the economic and government leadership of China.’ Among the Chinese delegates attending was Counsel General Sun Guoxiang, a veteran diplomat and official representative of the Chinese government tasked with facilitating trade between the United States and China. Often referred to as Ambassador Sun, he has held similar posts in Turkey, Vietnam, Sri Lanka and Maldives. Sun holds ‘plenipotentiary’ rights, meaning he has been designated full authority to speak on behalf of President Hu Jintao. Participating in the meeting were Biotek Instruments of Winooski; North Hartland Tool of North Hartland; Country Home Products of Vergennes and SB Electronics of Barre.  With a combined 600-plus jobs in Vermont and more in China, these four businesses are shining examples of Vermont’s economic potential, Bishop said. ‘The Vermont brand is known worldwide when it comes to foods and crafts, but it is equally impressive when it comes to manufacturing,’ Bishop added. ‘The Vermont Chamber uses its connections to help Vermont companies build partnerships and promote their products and services wherever they do business.’ The Vermont Chamber has maintained business relationships in China for over 15 years and has an office in Shanghai with staff to help Vermont businesses navigate the China market.  With the recently awarded State Trade Export and Promotion grant from the Small Business Association, the Vermont Chamber will expand this effort to help small businesses reach global markets. Manufacturers’ Information·         BioTek Instruments makes microplate-based instrumentation for the health care, pharmaceutical, agricultural and research industries. Employing 258 employees in Vermont, BioTek has 11 employees in its offices in Beijing and Shanghai. They also have staff in India, Singapore, and Korea; now employing an additional 21 people across the Asia Pacific region. Contact: Adam Alpert, Vice President,  alpertal@biotek.com(link sends e-mail)·         Country Home Products manufactures lawn and garden equipment under the DR® and Neuton® brands. Employs over 200 in Vermont and operates a joint-venture based in Shanghai, China that employs four people. Contact: Joe Perrotto, CEO, Jperrotto@DRpower.com(link sends e-mail)·         North Hartland Tool produces tooling, fixturing and gauging for the aviation, automotive and power generation industries, and also microdrills holes to diameters of .0016’. They employ 61 people in West Barnet and North Hartland and 27 in other states.  In 2009, the company began manufacturing in Nanchang, China and has 11 employees there, which has enabled them to grow their business in Vermont.   Contact:  John Mullen, President, jmmullen@nhtool.com(link sends e-mail)·         SB Electronics develops and manufactures film capacitor products for automotive/transportation, alternative energy, military/aerospace, medical equipment and power supplies/laser uses. The company employees 74 people in Vermont and two employees in their Xiamen, China office. Contact: Ed Sawyer, President and CEO,  Edward@sbelectronics.com(link sends e-mail) About the Vermont Chamber of CommerceThe Vermont Chamber of Commerce, the largest statewide, private, nonprofit business organization, represents nearly every sector of the state’s corporate/hospitality community. Our mission is to create an economic climate conducive to business growth and the preservation of the Vermont quality of life. Learn more at www.VTchamber.com(link is external).last_img read more

The owners of Russian pay TV operator Raduga TVs

first_imgThe owners of Russian pay TV operator Raduga TV’s holding organisation, DalGeoKom, have decided to liquidate the company.Raduga TV was forced to close down its operations last year after it failed to obtain a broadcasting licence. The company is 50% owned by Sweden-based free and pay TV operator Modern Times Group.The company stopped broadcasting at the beginning of December, after Russian regulator the Roskomnadzor had refused to grant a licence.In October the Roskomnadzor asked the Russian Interior Ministry to launch a criminal investigation into Raduga TV, which has been operating since 2009.MTG wrote off its stake in the company in February and recorded a SEK147 million (€16 million) impairment charge in its Q4 2013 operating income.last_img read more