[AlexinChina]

hello DavidW, yes of course you are right, i was just thinking that it looks like there are cosmetic contract manufacturers everywhere and so probably being close to the customer is something that is valued more than being extremely low cost? Also it seems to me that being extremely low cost in a capital intensive industry like chemicals might mean cutting corners on payment of wages, taxes and on quality, which i wouldnt want to do.

hello pma, yes western companies based in china would also be potential clients, right now the company in question has been working only with local companies (for the last 10 years) and this didnt work out because in the end many local companies closed down, and the ones that didnt close down are hard to work with (delayed payments etc etc). So in the end this company is closing down too.