INTERVIEW: Low & Bonar Sizing Up China And Middle East JVs

13th Jul 2010 08:44

By Hannah Benjamin Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Yarns, fabrics and flooring products supplier Low & Bonar PLC (LWB.LN) said Tuesday it is considering bolstering its presence in regions like China and the Middle East largely through joint ventures. Exports of the firm's products to regions like these have soared recently, as the countries are enjoying an infrastructure boom. Typically if demand for its products is high in a new market, the company then looks to set up a production facility in the region. "We're looking at a number of options in the Middle East and China, but these are things that take a long time to come to fruition," Chief Executive Steve Good told Dow Jones Newswires. Good added Low & Bonar expects to have something set up in China and the Middle East in the medium term, most likely in a year or so's time. "We're happy to use joint venture vehicles to develop our business if we feel that the partner brings value but we would also be happy to develop the business 100% ourselves," he said. "We look at each market and territory on a case-by-case basis," Good concluded. -By Hannah Benjamin, Dow Jones Newswires; 44-20-7842-9298; [email protected] (END) Dow Jones Newswires July 13, 2010 03:44 ET (07:44 GMT)