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On 2 Sept., 2018, some person in charge of the overseas business department of Zhejiang Wynca Chemical Group Co., Ltd. (Zhejiang Wynca) attended the China Burkina Faso Economy, Trade and Investment Recommendation Meeting.
On the meeting, Burkina Faso announced to set up an embassy in China to provide all kinds of information in relation to policies to let Chinese enterprises better understand the business environment and investment opportunities in the country.
President of Burkina Faso, Kabore, hopes that Chinese enterprises lay priority in investing the planned key fields in the country’s social economy. At the same time, they could bring their rich experience in areas like agriculture, industrial product processing, fundamental facility construction and communication to Burkina Faso to let it really enjoy the benefits brought by investments.
During exchanges, Zhejiang Wynca briefly introduced the company’s main businesses and the preparation details of the branch in Burkina Faso, and consulted about the investment favorable policies and agricultural investment needs in the country.
Picture 1: Wynca farmers showcase success of technology
Source: Daily Graphic
It is known that early in 2005, Zhejiang Wynca had set up Wynca Sunshine (Ghana) Co., Ltd. while it established three subsidiaries in Coate d'Ivoire, Nigeria and Mali. Then, it put around 20 of its product series, namely pesticides, pharmaceutical machine and organic silicone in West African markets like Ghana, Coate d'Ivoire, Nigeria and Mali, which covers surrounding countries of them.
To further expand its market shares and business scale, and provide warehousing and logistics services for more domestic enterprises, Zhejiang Wynca has invested in the construction of 5,400 square meters of warehouses in Ghana in recent years. At the beginning, they meant to provide a whole set of services of clearance, warehousing and logistics for itself and 30 domestic partners.
Currently, the company is preparing for the construction of two platforms in West Africa. One is the trans-national on-line trading platform. It plans to bridge a bilateral trading platform for the export of China-made products and the import of products from West Africa through the establishment of the comprehensive trading website, West Africa Portal. The other is the information construction for the trans-national e-commerce logistics base. By integrating the logistics and warehousing businesses of the group at home and abroad, it hopes to do warehousing and delivery together, which will largely reduce its logistics costs.