Cotton Incorporated Opens Regional Office in Hong Kong
J. Berrye Worsham, President and CEO, Cotton Incorporated (left); Mike Rowse (middle), Director-General of Investment Promotion at InvestHK; and Katsuro Ishida (right), Senior Director, Global Account Management and Director Hong Kong Office, Cotton Incorporated, officiate at the opening of the Cotton Incorporated office
The firm is the research and marketing company representing U.S. upland cotton - providing solutions to supply chain partners to influence the use of cotton. Its mission is to build the demand for, and profitability of, cotton worldwide.
The new regional office in Hong Kong will offer technical services for mills and manufacturers in the region. It will also provide information on cotton supply and demand, fiber quality and consumer research trends as well as product trend analysis services which include sourcing specialists and supplier information.
The office will employ 10 full time professional staff with knowledge of product development, supply chain manufacturing and sourcing in the cotton industry. In addition, it will host industry experts from the U.S. who will visit regularly to service clients' specific needs, such as trend forecasting, sourcing, textile innovations, better quality cotton, market research and consumer information.
President and Chief Executive Officer of Cotton Incorporated, J. Berrye Worsham, said: "We have been doing business in China for over 20 years. Last year, we celebrated the 10th anniversary of our permanent office in Shanghai. We are committed to doing business in China and have several programs in place; both with the trade and in educating consumers on the benefits of cotton."
Mr. Worsham commented that the new office in Hong Kong offered a central location among key mills and manufacturers in the region.
Director-General of Investment Promotion at Invest Hong Kong, Mike Rowse, welcomed the opening of the company's regional office saying that Hong Kong remained the preferred base in Asia for foreign companies to oversee their regional operations. "Every year since records began in 2002, the number of regional headquarters and regional offices in Hong Kong has grown," Mr. Rowse said.
At the end of 2007, Hong Kong was home to a record 1,246 regional headquarters and 2,644 regional offices.
Cotton Incorporated is funded by U.S. growers of upland cotton and importers of cotton and cotton textile products.
InvestHK is the investment promotion arm of the Hong Kong Special Administrative Region government responsible for attracting and facilitating inward investment into the city by providing free services and support to help overseas companies establish or expand a business presence.
Invest Hong Kong: www.InvestHK.gov.hk
Cotton Incorporated: www.cottoninc.com
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