[photopress:Summit_Global_Logistics.jpg,full,alignright]Kenilworth’s Summit Global Logistics says it has received approval from Shanghai government officials to set up a company there. The company, which mainly moves apparel and household goods, will have about 70 employees in China. The office is set to open in March.
It was set up under newly adopted Chinese rules that allow foreign companies to entirely own and operate companies.
Robert A. Agresti, Summit’s CEO, noting that it took just two months to get approval, said, ‘Things are changing in China. Things have gotten a little less difficult.’ Summit was formed in November by merging several logisitic companies. It now has 800 employees.
Source: PR release