Tel Aviv, November 2010 – PTL Group hosted an official delegation from Wujin District (Changzhou City, China) in Israel. The delegation, headed by Wujin deputy governor, also included the Director of the Administrative Committee of Jiangsu Wujin Economic Development Zone (WEZ), three vice directors from the Organization Department , the Administration Office and the Development & Reforming Bureau of the Municipal Government of Wujin District, and a project manager from the WEZ.

The delegation toured in factories from South to North of the country, and held a series of meetings with Israeli industrialists organied by PTL Group. The visit agenda included meetings with Israeli companies that already operate in China, and other companies which are considering to establish a production facility in China.

This is the first delegation to arrive in Israel from Wujin Economic Development Zone.

Wujin is located in Changzhou City, in the center of Yangtze Delta Region, the most developed region in China. The area is developing rapidly in recent years and Changzhou city becomes an important center of the industrial triangle in Jiangsu province.

By the end of 2009, more than 3,100 foreign enterprises from above 100 countries and regions have established presences in Changzhou, 45 of which are Fortune 500 companies.

The city's attractiveness stems from several factors:

• Its excellent location (about 40 minutes by train from Shanghai or Nanjing)
• High level infrastructure
• Construction and operation costs are relatively low
• Consumption power in the city is on the rise. In 2009, GDP of Jiangsu province reached 37.05 billion USD, an increase of 11.7% over the same period a year earlier. GNP per capita was 10,000 USD in 2009, well above the average in China.
• Quality of local government is another factor that encourages foreign companies to settle in the city. In the latest “2009 China City Competitiveness annual” Changzhou was selected as the city with most innovative municipal government and ranked the third in terms of municipal government service capability.
• The local government actively supports and promotes foreign companies from the following industries: machinery, electronics, IT, renewable energy, advanced materials and bio-pharmaceuticals.
  
• PTL Group currently manages a construction project for the Israeli factory in Wujin and we enjoy effective support and cooperation. We also examine options for future projects at this location because of the benefits local government provides to the foreign investors and the region's rapid development.

The purpose of this delegation's visit was to establish familiarity with the Israeli industry and to examine cooperation with Israeli companies from the target industries of Changzhou city.

Mepi Frankel, Director of PTL Group, escorted the delegation during the visit. His target was to strengthen the contacts between the representatives of the Israeli industry and Wujin Economic Development Zone and to promote future projects of PTL Group’s clients.

Stone Shi, Director of the Administrative Committee of Jiangsu Wujin Economic Development Zone, was impressed by the Israeli technological innovation and said that the visit reinforces his feelings about the Israeli industry. “It's my first visit to Israel but certainly not the last", he said.