Kingston, Jamaica – One of the largest electro-medical equipment manufacturers in China, whose products are sold in more than 60 countries across the world, is currently exploring the possibilities of investing in Jamaica.
Jamaica’s Minister of Industry, Investment and Commerce, Anthony Hylton signed a joint Statement of Intent last Friday December 14, 2012 with Mindray, a Bio-Medical Electronics firm, which is based in Shenzen, China at JAMPRO’s corporate offices in Kingston.
Mindray’s top executive in charge of Emerging Markets, Simon Wang spent a week in Jamaica (December 9-14), meeting with Minister Hylton, JAMPRO and other parties to look first-hand at the possibilities for doing business in Jamaica.
“Jamaica has a well-established free market, hard-working and highly-trained workforce, and an efficient government organization (JAMPRO) to facilitate potential overseas investment”,
noted Mr. Wang, who expressed confidence in the Jamaican business environment.”
Mindray, which is a Chinese-U.S. joint venture is specifically looking at setting up a logistics and distribution centre in Jamaica to serve its high-volume export markets in the Western Hemisphere, and is also assessing Jamaica as a possible site for the establishment of a manufacturing, assembly and/or repair and after sales facility. Mindray has also expressed an interest in Montego Bay as a potential venue for one of the company’s major conferences.
“We feel very honored to have had the Jamaica delegation visit our MINDRAY R&D Centre in Beijing, and then get a chance to have this return visit to have a real feeling about the competence of the Jamaica business environment”,
added Mr. Wang.
Jamaica’s Minister of Industry, Investment and Commerce, Anthony Hylton receives a gift from Mindray’s top executive in charge of Emerging Markets, Simon Wangand after signing a joint Statement of Intent on Friday December 14, 2012 at JAMPRO’s offices in Kingston.
The signing of the Statement of Intent follows on the heels of Minister Hylton’s mission to China in November to promote investment opportunities in the Jamaica Logistics Hub Initiative. The joint statement outlines a framework for partnership in a number of areas including, logistics and distribution, manufacturing, equipment maintenance and repair, contact centre operations and event management.
