Private Sourcing Event gives auto parts and accessories buyers fast, face-to-face channel to buy from quality Greater China suppliers
HONG KONG, Nov. 19 /PRNewswire-FirstCall/ -- To meet growing demand for quality aftermarket auto parts, eight international buyers met 22 pre-screened Greater China suppliers at Global Sources' (Nasdaq: GSOL) ( http://www.globalsources.com ) Private Sourcing Event: Auto Parts & Accessories ( http://www.PrivateSourcingEvents.com ) in Shanghai on Nov. 13.
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Global Sources Chairman and CEO, Merle A. Hinrichs, said: "Despite a global slowdown, exports remain strong for a number of industries across mainland China. Auto parts is one example, with the value of mainland China's exports growing by about 35 percent year on year to nearly US$9 billion in the first seven months of 2008.
"Retailers need to keep their shelves stocked, so sourcing must continue. Wise buyers are sourcing smarter by using Private Sourcing Events to find quality Greater China suppliers. In fact, we are seeing stronger than ever interest from top buyers -- as evidenced by the list of participants in our auto parts and accessories event."
Buyers that participated in the Private Sourcing Event: Auto Parts & Accessories are:
-- A.R.E.N.A -- An alliance of 10 independent home improvement chain
stores from around the world
-- Canadian Tire -- Canada's largest retailer
-- El Corte Ingles -- Spain's largest retailer
-- Halfords UK -- the UK's largest car parts and bike retailer
-- Kaufland -- Germany's largest hypermarket chain
-- Magna Closures -- a world leader in dynamic closure systems and modules
-- Masai -- a worldwide consulting group specializing in cross-industrial
purchasing and logistics
-- Metro -- the world's fifth-largest retailer
Hinrichs added: "Private Sourcing Events are at the pinnacle of our comprehensive face-to-face, online and print platform which enables buyers and suppliers to conduct trade from initial contact to final negotiations and orders."
One participating buyer, Business Development Group Manager of Canadian Tire's Shanghai Representative Office, John Deml, said: "As consumers opt to repair vehicles rather than replace them, there's a growing opportunity in the auto parts market.
"When it comes to aftermarket parts, we aim to find products that meet or even exceed the standards of the original. And that starts with reliable suppliers who put quality first.
"Private Sourcing Events help us find suppliers who can deliver the kind of value-for-the-money products our customers are demanding in today's economic environment."
One supplier, General Manager of Wuxi Mingzhu Turbocharger Manufacturing, You Danlin, said: "We produce high quality parts that hold some of the industry's highest certifications. This is why it's important for us to work with top buyers like the ones we met at the event. They appreciate quality and they're willing to pay a fair price for it."
World's top buyers scheduled to attend upcoming Private Sourcing Events
Eighty Private Sourcing Events are scheduled for 2008, with dozens of buyers including NEC, Casino, Chubb, Office Depot and Sears confirmed to participate. All Private Sourcing Events are complimentary for buyers and only Global Sources suppliers are eligible to participate. A list of upcoming Private Sourcing Events is available at http://www.PrivateSourcingEvents.com .
Suppliers wishing to participate should contact csm@globalsources.com .
Specialized Global Sources websites, face-to-face events and trade magazines
Private Sourcing Events are part of the Global Sources' sourcing and product information services. These include Global Sources Online ( http://www.globalsources.com ), China Sourcing Fairs ( http://www.chinasourcingfair.com ) and Global Sources monthly magazines.
For more information about Global Sources' products and services to connect quality buyers and quality suppliers, visit http://corporate.globalsources.com .
About Global Sources
Global Sources is a leading business-to-business media company and a primary facilitator of trade with Greater China. The core business uses English-language media to facilitate trade from Greater China to the world. The other business segment utilizes Chinese-language media to enable companies to sell to, and within Greater China.
The company provides sourcing information to volume buyers and integrated marketing services to suppliers. It helps a community of over 753,000 active buyers source more profitably from complex overseas supply markets. With the goal of providing the most effective ways possible to advertise, market and sell, Global Sources enables suppliers to sell to hard-to-reach buyers in over 230 countries.
The company offers the most extensive range of media and export marketing services in the industries it serves. It delivers information on 4.3 million products and more than 196,000 suppliers annually through 14 online marketplaces, 13 monthly magazines, over 100 sourcing research reports and 9 specialized trade shows which run 27 times a year across eight cities.
Suppliers receive more than 43 million sales leads annually from buyers through Global Sources Online ( http://www.globalsources.com ) alone.
Global Sources has been facilitating global trade for 37 years. Global Sources' network covers more than 69 cities worldwide. In mainland China, Global Sources has over 2,800 team members in more than 44 locations, and a community of over 1 million registered online users and magazine readers for Chinese-language media.
Global Sources Press Contact in Asia:
Camellia So
Tel: +852-2555-5021
Email: cso@globalsources.com
Global Sources Press Contact in U.S.:
James W.W. Strachan
Tel: +1-480-664-8309
Email: strachan@globalsources.com
Global Sources Investor Contact in Asia:
Investor Relations Department
Tel: +852-2555-4777
Email: investor@globalsources.com
Global Sources Investor Contact in U.S.:
Kirsten Chapman & Timothy Dien
Lippert/Heilshorn & Associates, Inc.
Tel: +1-415-433-3777
Email: tdien@lhai.com
SOURCE Global Sources
International News / Press Release source: PR Newswire
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