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Home >> Business
UPDATED: 08:23, May 16, 2005
Leading US logistics firm to expand business in China
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Park-Ohio Holdings Corp, a US-based industrial supply chain logistics firm, vowed to help Shanghai, China's largest metropolis, to build a modern logistics industry in Shanghai Thursday.

Park-Ohio's chief executive officer, Edward Crawford, met with Zhou Yupeng, vice mayor of Shanghai, here last Thursday. The aim of his current visit to Shanghai is get a better understanding of Shanghai's economic growth so as to make a plan on future cooperation with China.

Shanghai is in the forefront of China's economic development. Park-Ohio is ready to assist Shanghai in building a modern logistics industry by sharing its management expertise and experience, Crawford said.

Vice-Mayor Zhou said Shanghai had listed the logistics industryas the priority in the city's development. In the wake of closer economic links between Shanghai and other cities at the Yangtze River Delta, the industrial supply chain will play a bigger role in the region. He said he welcomes Park-Ohio to expand business in Shanghai.

Source: Xinhua


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