Katten Muchin Rosenman has received official approval for the opening of a new office in Shanghai. Feng Xue, Chairman of the firm’s China practice, attended a ceremony last week at the Chinese Ministry of Justice in Beijing, where he was presented with the official license for opening, allowing Katten to secure the appropriate registrations in Shanghai. Katten anticipates a formal opening of the new office in the coming months (2011).
Navistar International Corp. (NAV), an Illinois-based USCCC corporate sponsor, is currently pursing commercial truck and engine joint ventures with Chinese truck maker Anhui Jianghuai Automobile Co. (JAC). Navistar and JAC will develop and market advanced commercial trucks advanced diesel engines. Both ventures will leverage Navistar’s truck expertise and JAC’s knowledge of the Chinese market to build new medium-duty and heavy-duty truck products. The ventures will rapidly open the door to the Chinese commercial truck market-the largest in the world-as the company grows its business in the Asia Pacific region. Formation of the joint ventures is subject to finalization of certain procedural steps and the finalization of certain ancillary commercial agreements among the parties, which are expected later this year (2011).
Siemens, a USCCC corporate sponsor, reported sales in China amounting to EUR 6.39 billion and new orders totaling EUR 6.24 billion for fiscal 2011 (October 1, 2010 – September 30, 2011). Siemens currently has about 29,000 employees in China, making it one of the largest foreign-invested employers in the country. It has been active in China since 1872 and now has around 69 operating companies and 64 regional offices in the country. As a pioneer in the construction of high-voltage direct-current (HVDC) systems, Siemens has reached an agreement to supply key components for the two important HVDC transmission projects – Nuozhadu-Guangdong and Xiluodu-Guangdong, in southern China. The two projects will generate eco-friendly CO2-free electricity for low-loss transmission by the two new HVDC systems to the megacities of Guangzhou, Jiangmen, Dongguan and Shenzhen (2011).
Katten Muchin Rosenman LLP has announced that former Chicago Mayor Richard M. Daley has joined their law firm of more than 600 lawyers with offices in Chicago, New York, Los Angeles, Washington D.C., and Charlotte as well as an office in London and one with a license pending to open in Shanghai later this year. Mayor Daley, who joined Katten after 22 years as mayor and more than 40 years in government, will be Of Counsel to the firm and, in that role, will draw on his vast knowledge, experience and relationships globally to contribute to the continued growth of the firm (2011).
Wanxiang Group’s Dr. Lu Guanqiu, Chairman of the Board, paid a visit to the company’s subsidiary, Universal Solar, in Rockford, IL, where it manufactures solar panels. Dr. Lu met with Chairman Christiansen, Bryan Davis of the Office of Congressman Don Manzullo, Regional Director of Government Affairs Mike Dunn, Mayor Morrissey, Executive Director of the Greater Rockford Airport Authority Bob O’Brien, First Rockford Group President and Member of President Obama’s Advisory Commission on Asian Americans and Pacific Islanders Sunil Puri and other regional public and private leaders to discuss plans for further investment in Rockford, including a 200 acre solar field at the Chicago Rockford International Airport.
Wanxiang America Corporation, headquartered in Elgin, IL, is the U.S. subsidiary of Wanxiang Group Companies, one of the largest companies in China with $8 billion in revenues. Wanxiang currently has 4,100 employees in the U.S. and over 45,000 worldwide. Wanxiang Solar is a major player in renewable energy production, including wind and solar, and is the largest manufacturer of medium/large size silicon ingot and wafer cutting in China (2011).
Andrew Rice, USCCC Director and senior vice president at The Jordan Company in Chicago, has been named Board Chairman (2011-2012) of The Association for Corporate Growth® (ACG) after serving as Vice Chairman. The Association for Corporate Growth (ACG) is the global community for middle market M&A dealmakers and business leaders focused on driving growth. ACG members have access to data, content and networking to access capital, make deals and drive corporate growth. Founded in 1954, ACG has grown to more than 13,000 members organized in 56 chapters throughout North America, Europe and Asia (2011).
Tony Dickel, USCCC Director (Hong Kong), has become Hong Kong Chairman of The Institute of Executive Coaching (IEC). Established in 1999 as a centre of excellence for executive coaching in Australia and the Asia-Pacific, the IEC has trained over 2,500 coaches and become known as one of the region’s most respected executive coaching, coach training and leadership development organisations. Prior to establishing the IEC’s Hong Kong office, Tony was founder and CEO of the award winning and groundbreaking MRI China Group, a leading multinational recruitment solutions, outsourcing talent management and talent market research organization employing more than 200 people across six countries in the region, with more than 100 in the mainland of China (2011).
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