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Friday, 23 July 2010 18:03 |
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Tel Aviv, July 21, 2010 - About 50 senior financial managers from the local companies attended the professional seminar, held by PTL Group in cooperation with PriceWaterhouseCoopers.
The seminar was opened by Zvi Shalgo, CEO and Chairman of PTL Group and Chairman of the Israeli Chamber of Commerce in Shanghai. Mr Shalgo reviewed the latest economic moves of the Chinese government and discussed Chinese companies breaking into global markets. He noted their hold in China’s domestic market and the government support they enjoy. Yet, these companies are set to face challenges arising from newly forming global competition rules, which also provide new business opportunities.
"Research & Development is currently the main bottleneck of the Chinese industry. The ideal business solution would be to create real partnerships between Israeli Startups that are strong in technological development and large Chinese companies. Yet, this is not happening due to fears of copyright infringement"
Mr Shalgo stated that copyright issues often prevent hi-tech industry from entering China. However, as Chinese companies start to develop original products, China will need to strengthen copyright enforcement policies, which will soon be of great interest to major Chinese companies aiming for global markets. Changes in this area are expected to take place. Panel members from left to right: Assaf Steinberg (PwC Israel), Tal Reshef, Zvi Shalgo (PTL Group), Arie Schreier (PTL Group)
Arie Schreier, VP Downstream of PTL Group, clarified a myth foreign companies believe about business in China. According to Mr Schreier "those who come to China pre-suppose the existence of fields that will be out of their control, or that they should avoid. He notes the essentiality of transparency and supervision of the whole supply chain - from production through sales, shipping, distribution, credit management and collection. He said,"Despite the concern of many foreign companies, it’s certainly possible to build infrastructure that will coordinate information and allow full inspection of work processes in China just as in source markets. This is the way to achieve competitive pricing in the Chinese market."
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Thursday, 24 June 2010 11:01 |
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Driebergen, The Netherlands, June 23, 2010 - DeBaak has held the seminar “China and Sustainability: Green Technologies” focused on the growing trend of green technology in China and its significance for Dutch companies. The seminar aimed to showcase and discuss China’s changing stance on the environment and the opportunities it provides for the Netherlands to both gain and contribute to the development of this sector. The issue of price and quality of clean tech items and purchasing from China was especially addressed. Kitty Eegerdingk of Tebodin commented on the price differences between Dutch and local firms. She notes that Tebodin markets towards multinational companies as working in high standards in China causes Tebodin’s price to be triple that of local engineering companies. Eline Mertens-Barkel from Ingreennious stated that due to quality control issues regarding high-end production in China, the company diverted their purchasing to European suppliers. Harry Starren, CEO of DeBaak and Zvi Shalgo, CEO of PTL Group at 'Zomerborrel' at De Horst Estate Zvi Shalgo, CEO of PTL Group, emphasized the inevitability of purchasing in China in order to remain competitive: “Purchasing from China is inevitable as we will not be able to compete with Chinese producers without purchasing at the same price levels. If today a Chinese engineering firm can provide it's services for 1/3 of the Tebodin price, when the knowledge transfer period ends (and in China it's quick) these local companies will control the market.” Mr Shalgo further recommended that Dutch companies should obtain a share of and be present in Chinese markets and work in the demanding environment there, in order to remain competitive should Chinese producers enter the European market. He also identified Research and Design as the key area with opportunities for Dutch firms.
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Thursday, 10 June 2010 12:45 |
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Changzhou, June 9 2010 – Global leader in nutrition and fortification solutions, LycoRed Limited, signed a contract for a construction project of the factory in Wujin Economic Zone (WEZ), Jiangsu province. The factory construction project is managed by PTL Group. The contract signing ceremony was held in the Wujin administrative center in presence of Consul General of Israel in Shanghai, Jackie Eldan, Party Secretary of Wujin District, Shen Ruiqin, and Vice Mayor of Wujin, Ling Guangyao. LycoRed Limited is the first Israeli company investing in Changzhou.
“This is the first time for the Israeli company to settle in Wujin and we want to use this step as a bridge to strengthen ties and cooperation between Israel and Wujin,” said Jackie Eldan, Consul General of Israel in Shanghai. |
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Wednesday, 10 February 2010 16:45 |
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Thursday January 27 a seminar titled ‘China Challenge’ was held at country estate ‘De Horst’ in Driebergen. The seminar was organized by de Baak and consisted of a presentation by Zvi Shalgo, CEO of the PTL Group (a management company active in China), followed by a panel discussion led by Harry Starren (director of de Baak). The panel consisted of Zvi Shalgo (PTL Group), Helmy Koolen (Benelux Chamber of Commerce in China) and Taco van Someren (Ynnovate).
This article aims to give a summarized overview of what was discussed in the presentation of Zvi Shalgo and a grasp of topics discussed during the panel discussion. Zvi Shalgo starts his presentation by giving an overview of the current economic status. China can beviewed as a post communist emerging market with the following characteristics:
- A privatization of markets (instead of privatization of state owned enterprises)
- Ongoing opening of markets to increase competitiveness
- Co-optation in enterprises (The Chinese government gives credit to both state-owned as well as private companies)
Even though the Chinese market is more open now, approaching it still has different challenges than you will find on many others. First of all, specific ‘entry fees’ are present. An example of this is that for a multinational to get foot on the ground, it needs to give up particular technology in order to get permission from the Chinese government. Besides this there is, perhaps unfair, competition by local companies supported by the Chinese government (examples of this support are a more flexible application of Chinese law and government funding for investments needed).
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Thursday, 28 January 2010 14:42 |
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TEL AVIV, ISRAEL – This week MIT Enterprise Forum Israel held a
conference for Israeli entrepreneurs, managers and professionals in Tel
Aviv University to discuss business opportunities and challenges in the
Chinese market.
Zvi Shalgo, Founder and CEO of PTL Group, who has been recently
appointed as the Chairman of the Israel Chamber of Commerce in
Shanghai, was invited to share his personal and valuable experience of
helping numerous Israeli companies to establish and manage their
business presence in China for the last 14 years.
Prof. Gadi Ariav, an expert of international business management
opened the seminar by saying that nowadays there is no excuse to fail
when doing business overseas. Israeli entrepreneurs and companies
should learn from the experience that Israeli businessmen have
accumulated over the last decade.
Mr. Shalgo stressed the point that many foreign companies don’t
realize how important the process of recruiting local Chinese employees
is. Later they also fail to manage their Chinese team. He believes
that only local Chinese professionals should sell the products of the
foreign companies in China. There has to be a local control and
supervision platform around the Chinese Manager, which will regulate
the company's financial and logistics activities and allow the Manager
to concentrate on the business development and sales activities. |
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