Establishing a joint venture
in China has been the traditional method of market entry for most large European
and American companies. The benefits gained in utilising local knowledge and
gaining market entry and market share has been beneficial to both parties.
However the recent growth in the Chinese economy has increased the number of
small and middle size companies seeking joint ventures. Andan can identify and
qualify Chinese, European and US companies for the level of suitability for
joint ventures.
As part of this process Andan can conduct quality audits to ISO 9001-2000, in
conjunction with systems and financial audits on behalf of the clients to
establish the best possible data and project recommendations.
The financial structure implications to the client and future investment options
can also be reviewed as part of a strategic review of procurement, manufacturing
or services capability. This
process can be beneficial to both parties as the long-term commitments of a
joint venture offers opportunities of utilising local sources of finance.