Midea-Teda Supply Chain Investment Promotion Conference Successfully Held

Midea-Teda Supply Chain Investment Promotion Conference Successfully Held
On the afternoon of January 21, 2021, Midea TEDA Supply Chain Investment Promotion Conference was successfully held in China-Egypt TEDA Suez Economic and Trade Cooperation Zone (hereinafter referred to as "TEDA Cooperation Zone"). This conference specially invited Liu Xue, General Manager of Midea (Egypt) Kitchen and Hot Water Appliance Company (hereinafter referred to as "Midea Egypt Kitchen Hot Company"), Duan Hailong, Financial Director of Midea Egypt Kitchen Hot Company, and Zhang Ping, wei Jianqing, executive director of Egypt TEDA Special Zone Development Company (hereinafter referred to as "Special Zone Development Company"), Cao Hui, assistant to the general manager, and personnel of relevant departments, as well as representatives of more than 30 supply intention enterprises from supporting materials, structural parts, packaging parts, plane parts, electronic and electrical devices, auxiliary materials, screws, raw materials and other sub-sectors attended the forum through online and offline means.

the meeting was presided over by cao hui, assistant general manager of the special zone development company.

First of all, he expressed his gratitude to the representatives of enterprises who came to this meeting and briefly introduced the products and services of TEDA cooperation zone and the policies of the park.

Subsequently, Wei Jianqing, executive director of the Special Administrative Region Development Company, introduced the positioning of the TEDA cooperation zone and the industry chain investment model to the delegates, and put forward the concept of "the park in the park with Midea as the core.

He said that the purpose of this symposium is to play the role of a bridge in the TEDA Cooperation Zone, use the resources in the zone to find relevant supply channels for enterprises entering the zone, and promote exchanges and cooperation between enterprises in innovation and development, upstream and downstream groups, and market expansion.

Then, Liu Xue, general manager of Midea Egypt Kitchen Hot Company, introduced the project situation of Midea Egypt Kitchen Hot Company and the development prospect of Egypt market.

He said that among African countries, the market growth prospects are very considerable, especially in the field of home appliances, where there is huge room for growth. The Egyptian home appliance market has a good development foundation and has formed a certain scale and development environment. It is estimated that it can maintain an annual growth rate of 15-20% in the next few years. However, in the field of home appliances, Egypt is not a strong producer, and products including components are still in the stage of import dependence. The main problem is the lack of overall capacity of the industry chain, and one of the main reasons for this problem is the lack of concentration of related industries in Egypt.

Subsequently, Zhang Ping, head of supply chain investment promotion of Midea Egypt Kitchen Hot Company, publicly released the supporting requirements of Midea Egypt projects and explained the relevant products and requirements in detail.

In the final interactive communication session, many companies had in-depth exchanges with representatives of Midea's Egyptian Kitchen Hot Company. At the same time, many representatives also had a heated discussion and expressed their strong interest in the project and their high recognition of the TEDA cooperation zone. Among them, the enterprise representative from Dongguan Topples Electric Co., Ltd., while clearly expressing her willingness to participate in the cooperation, also shared her feelings during her visit to Egypt, "I visited many places, through various angles of comparison, I think the sea investment site or to choose the TEDA cooperation zone. I was impressed by both the professionalism of the team and the business environment."

As part of the service upgrade of the TEDA Cooperation Zone, this event adopts the form of deep bundling of "leading enterprises in the park" and coordinated investment promotion. The precise attack has achieved remarkable results and has been highly recognized and supported by enterprises in the zone.

In the future, TEDA cooperation zone will continue to take customer demand as the core, and jointly build a "strong magnetic field" for investment promotion in the park with enterprises in the zone, so as to help enterprises find their own home!