WHITE PLAINS, N. Y. (April 6, 2012) – Dorian Drake International has announced the launch of an affiliated company in China that can import or purchase products locally and trade in Renminbi, the Chinese currency.
The firm is wholly owned by Edward Dorian Jr., managing partner of Dorian Drake International, Inc., an export management company based in White Plains, N.Y. The new company, Dorian Drake (Zhuhai) Trading Co. Ltd., has been established in Zhuhai, a city in southern Guangdong Province, as a foreign investment commercial enterprise and has begun already to trade as a Chinese entity. The local supervisor of the new firm is Sun Shili, a long-time member of the Dorian Drake International China staff.
Mr. Dorian said China is Dorian Drake International’s largest foreign market and that it’s new affiliate trading company will help Dorian Drake and the manufacturers it represents in at least two ways.
“Many of the U.S. companies we represent are now manufacturing in China. Our China trading company can purchase directly from these Chinese factories, avoiding the time and cost of exporting products and then bringing them back into the country,” Mr. Dorian said. “Many Chinese buyers want to buy the products our principals manufacture but cannot convert their currency to dollars. Our China affiliate’s ability to sell in local currency will open doors for us that otherwise would be closed.”
Based in White Plains, N.Y., Dorian Drake International is an export management company that manages sales and marketing, customer service, credit and collections, and export traffic and logistics for manufacturers selling in markets outside the United States. The firm staffs stand-alone sales teams in four distinct industries: automotive products, foodservice equipment and supplies, hardware and lawn & garden products and industrial and environmental products.