Thread: Zongshen
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#26 Re: Zongshen
04-07-2012, 05:30 PM
They also sell imported ceramic tile….RGC, that is.
RACAL GROUP of COMPANIES.
http://www.rgc.com.ph/
The$8M investment stated in the article is an investment that Great Wall is making, the relationship is the third type partnership in the Philippines Motor Vehicle Development Program (MVDP).
The Bashan and RGC venture is dated a year ago and one of the previous two parties to enter the MVDP.
Buying the CKD kits seems to be in vogue, a good way to get in the market and also create local jobs. Many countries have tiered tariffs that allow discounts in respect of the local value added through domestic assembly , but albeit these are often corrupted by special people in special groups. That raises a questions as to who gets access to the market, the MVDP is like that of a gate keeper. Is it good gate keeper or bad one?
Bashan has or at least it seems decent products, they have some cool little learner bikes, they are marketing in Europe.
http://bashaneurope.de/

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