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Thursday, November 10, 2005

Taxi Chiefs Boost China Links

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Growing links between London taxi manufacturer LTI Vehicles and China were cemented at a high-level London dinner this week.

The company was among the sponsors of the China-Britain Business Council reception at the Mandarin Oriental Hotel, Knightsbridge, for Chinese Commerce Minister Bo Xilai. Other sponsors included BP, Rolls Royce and Global Solutions.

It came ahead of the minister’s meeting yesterday with UK Trade Minister Ian Pearson who had earlier met representatives from LTI Vehicles to be brought up to date on the company’s interests in the emerging Chinese market and look at areas where the Government could support its efforts.

China is set to become a vital market for Coventry-based taxi firm, which has long-term plans to manufacture vehicles in the Far East.

At the dinner this week were Ian Pickering, Chief Executive of LTI Vehicles’ parent company Manganese Bronze, who attended the China-Britain Business Council together with Mark Fryer, Manganese Bronze Group Finance and Business Development Director, Peter Shillcock, Chief Operating Officer of Manganese Bronze and Managing Director of LTI and Matthew Cheyne, Director of Sales and Marketing at LTI.

Matthew Cheyne said: "It was important for us as a company to be involved in the occasion and to celebrate our growing links with China.

"It was a chance to push forward our relationship with the Chinese business community and demonstrates our commitment to projects in the Far East."

The Council followed close on the heels of a meeting between UK Trade Minister Ian Pearson and three directors from Coventry-based LTI Vehicles where the company’s growing operations in China, as well as activities in America, Pakistan and Nigeria, were top of the agenda.

The purpose of the meeting was to update the minister on LTI Vehicles progress in export sales of the iconic black cabs – instantly recognisable around the world – and to ask for his support on a number of foreign issues.

Chris Kelsey, LTI Vehicles Director of Public Affairs said: "It was a very constructive meeting and it was good of Mr Pearson to give us his time.

"We discussed a number of issues that are important to us, focusing on our projects overseas.

"The minister was keen to understand details of the relationship with Bluestar in China with whom LTI have entered into a joint venture agreement. This type of exciting manufacturing project is typical of the sort the Government is keen to support as it demonstrates the Great British icon being exported all over the world."

LTI Vehicles is the UK’s only manufacturer of purpose-built, wheelchair accessible taxis.

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