Trade winds: Maine companies look to Asian growth markets

Business between Maine and the Far East, particularly China, is heating up. Among the examples: one Portland-based company expects its Chinese subsidiary to turn a profit in the next couple years; another plans to soon test-market its product in China first [before the United States or elsewhere]; and the Maine International Trade Center plans to open up a Shanghai office in the first quarter of 2015, possibly as early as January, to encourage Chinese foreign direct investment in Maine.

“We’ve identified good quality and depth in [Maine’s] clusters and assets that could get international recognition — advanced materials and composites, products for aerospace including precision manufacturing, food processing and life sciences,” says Janine Bisaillon-Cary, president of MITC. “The Shanghai office will have some trade capabilities, but it will be focused on foreign direct investment.”

Read the full article in Mainebiz