China based manufacturer establishes European office in Manchester - MIDAS

China based manufacturer establishes European office in Manchester

One of the world’s leading manufacturers of thermal transfer ribbons (TTR), Todaytec, has agreed on a lease for its European operations office in Manchester Enterprise Zone.

The directors of the company, based in Hangzhou in Eastern China, were keen to open a UK and European base in the north of England. They chose Manchester Enterprise Zone after receiving support from the city’s inward investment agency, MIDAS and UK Trade & Investment.

The new office is due to be operational from later this month employing four or five full time members of staff on site, with a view to grow UK business and increase the workforce to 12 in total.

Jack Liu, Director of international business for Todaytec said, “Manchester is a great city, with excellent global connections. We have many clients in the UK and Europe, so it made sense for us to open our European operation here.”

Todaytec is in its eleventh year of trading, and has become globally renowned for providing barcode ribbons. Operating from two factory locations Todaytec exports its products to over 50 countries worldwide. The new European headquarters will focus on strategic business expansion and improved customer support.

Liu added, “With so many high-growth, entrepreneurial and inspirational companies who fit into our target client list we couldn’t think of a better location to base our customer service team.”

Explaining why Todaytec chose Manchester, Liu adds: “Manchester offers a low setup cost and possesses excellent infrastructure which includes a robust transport network, a strong business community and rich talent pool. Manchester Enterprise Zone is easy to access with very good quality facilities and a competitive price.”

“Gary Chambers, Investment Adviser, UK Trade & Investment, said, “UK Trade & Investment are pleased to have supported Todaytec in establishing their new UK operation. Through our UK First proposition, Investment Services were able to provide Todaytec with the assistance they required to make the right investment decision for their business. Together with MIDAS, we will continue to support the growth of the company.”

Tim Newns, chief executive of MIDAS, said: “We’re delighted that Todaytec has chosen to locate in Manchester’s Enterprise Zone. This decision demonstrates that Greater Manchester is an ideal base for an international organisation to access the UK and European market.  We will continue to work with Todaytec to help them build their operations here.

“MIDAS recognises that there is massive potential for inward investment opportunities from China and we are continuing to develop and grow our strategy in the region.”

For more information on Todaytec:  www.todaytec.com.cn

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