Cotton Incorporated opens regional office
On May 19, Cotton Incorporated announced the grand opening of its regional office in The Gateway, Harbour City, Tsimshatsui.
Cotton Incorporated 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 also will 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. This office 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 the company has been doing business in China for more than 20 years. The company, which celebrated the 10th anniversary of its permanent office in Shanghai last year, is committed to doing business in China and has several programs in place, both with the trade and in educating consumers on the benefits of cotton. He added that the Hong Kong office is in a central location among key mills and manufacturers in this very important region.
Director-General of Investment Promotion at Invest Hong Kong Mike Rowse welcomed the opening of the company’s regional office in Hong Kong. “I'm very pleased that Cotton Incorporated chose to locate their regional office in our city,” said Mr. Rowse. “Hong Kong, located at the heart of Asia's growth economies and gateway to mainland China, continues to remain 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. At the end of 2007, Hong Kong was home to a record 1,246 regional headquarters and 2,644 regional offices. I wish Cotton Incorporated every success with their new business, which will be in good company.”
Land auction yields US$2.11 million
A government plot of land in Sai Kung sold for US$2.11 million in the first land auction held by the Lands Department of the Hong Kong Special Administrative Region Government for the 2008-2009 financial year. The auction was held on May 9.
The 2,060-square-foot site in Pak Sha Wan, Sai Kung, was sold to Sheen Surety after an opening bid of US$1.28 million. It is designated for private residential purposes. A a minimum gross floor area of 741 square feet must be completed.
N.Y. gallery opens in Hong Kong
On May 9, Sundaram Tagore Gallery from New York announced the grand opening of its first overseas gallery in the heart of Hong Kong’s art district at 57-59 Hollywood Road.
Sundaram Tagore galleries are devoted to examining the exchange of ideas between Western and non-Western cultures, and are delighted to have the support of Hong Kong and the art community in Asia. The gallery occupies 2,000 square feet and will create an important space that will add to the exploding art scene across Asia. The gallery also will host non-profit and cultural events, incorporating performance and installation art, literature, film and more.
Gallerist Sundaram Tagore said he is very excited to be in Hong Kong. “I have been visiting Hong Kong for decades and have always felt an affinity for the city because of its stunning location and mix of cultures,” he said. “It is a truly cosmopolitan place where anyone can immediately feel at home. Hong Kong has always been among the world’s truly international cities, so with our global philosophy and 24 artists who each explore intercultural dialog, it’s a perfect fit.”
Welcoming the opening of the new gallery, Associate Director-General of Investment Promotion at InvestHK Simon Galpin said, “There is no better choice than Hong Kong for Sundaram Tagore Gallery to build their Asian business. Our city’s cosmopolitan community and over 28 million visitors each year from all over the world provide an incredibly international and culturally sophisticated audience for Hong Kong’s first global gallery.”
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