NAI Opens Second Facility in China
NAI Communication Technology Innovation (Suzhou) Company, Ltd., will conduct business in local Ren Min Bi (RMB) currency.
NAI recently announced the opening of a new manufacturing facility in Suzhou, China, designed to cut lead times for domestic customers in China. The new plant is located “within” China. NAI’s current 126,200-sq-ft manufacturing plant in Suzhou is located “outside” China in a duty-bonded zone in order to trade in U.S. dollars. The new operation “within” China, called the NAI Communication Technology Innovation (Suzhou) Company, Ltd., will conduct business in local Ren Min Bi (RMB) currency.
In order for NAI to conduct business with domestic Chinese companies from the existing Suzhou plant in China, the company must import goods, clear customs and exchange U.S. currency to RMB currency. Processing these orders requires several weeks of lead time. The new operation will reportedly eliminate these extra steps for domestic customers, reducing lead times.
“China’s growing economic development will bring more business opportunities to NAI,” said Bill Miller, vice president of Sales and Marketing. “We are committed to growing our business in China by investing in people, product and process.”
For more information, visit www.nai-group.com.