China’s growing economic development will bring more business opportunities to NAI. We are committed to growing our business in China by investing in people, product and process.
TROY, Mich. (PRWEB) August 21, 2018
The new htt ps://NAI plant will be located “within” China. NAI’s current 126,200 square foot manufacturing plant in Suzhou is located “outside” China in a duty-bonded zone in order to trade in US 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 their current Suzhou plant in China, they must import goods, clear customs and exchange USD currency to RMB currency, since they are in a duty-bonded zone. Processing these orders requires several weeks lead-time. The new NAI Communication Technology Innovation (Suzhou) Company, Ltd. will eliminate these extra steps for domestic customers, reducing customer lead times.
This new NAI facility in Suzhou will provide domestic customers with a shorter lead-time and convenience of transacting business in RMB currency. The new investment also represents a long- term commitment to improve supply chain in China and is very important to growing NAI business in China.
According to Bill Miller, VP of Sales and Marketing, “China’s growing economic development will bring more business opportunities to NAI. We are committed to growing our business in China by investing in people, product and process.”
For more information about NAI, Suzhou operations and NAI’s global production capabilities, please visit: http://www.nai-group.com.
NAI has been a global leader in the manufacturing of advanced mission-critical and high-reliability fiber optic and copper cable assemblies and harnesses since 1993. NAI features a world class integrated supply chain, expert operations management, and a global manufacturing footprint in low cost regions. These all combine to provide NAI customers with a unique solution for their connectivity product requirements, from fiber optic and copper cable assemblies to box and panel assemblies.
NAI manufactures assemblies across diverse markets including fiber optics, telecom, industrial, and medical industries. The company’s unique ability to service both high mix / low volume and low mix / high volume programs, while complying with complex regulatory requirements, enables them to support the unique business needs of all customers, delivering the confidence and reliability that enable their success.