From Deseret News archives:

Huntsman is leading trade mission to China

Published: Sunday, Oct. 15, 2006 12:12 a.m. MDT
 |  E-MAIL | PRINT | FONT + - 
Several nutritional supplement companies are coming on the trip, including Provo-based Tahitian Noni Beverages and Nu Skin Enterprises, which markets personal care products.

Nu Skin has been selling its products in China since 2003 through some 160 stores and is only the second U.S. company to obtain a direct selling license in China, according to Kara Schneck, the company's senior director of corporate communications.

Last year, Chinese customers accounted for $102 million of the company's $1.2 billion in revenue, Schneck said. Now that direct selling is being introduced in Shanghai and soon, other cities, that is expected to increase.

"About 80 percent of our revenue comes from Asia," Schneck said, including $562 million last year from Japan alone. China may surpass that, she said. "Eventually, we expect that it will become one of our largest markets — or our largest market."

Travel expenses

The governor will make a quick stop at what may be the biggest Utah-based operation in China, a Huntsman Chemical Corp. plant in Shanghai. Huntsman, who sold his shares in the family company, said he's going to the plant because his father and brother will be there.

Story continues below
All of the trip, including the visit to the plant, is being paid for by Huntsman himself, according to Lisa Roskelley, a spokeswoman for the governor. The other participants are also responsible for their own travel expenses.

Utah Valley State College will spend about $5,000 to send Val Hale, vice president for institutional advancement and marketing, on the trip. Hale said the campus wants to attract more students from China as well as play a bigger role in the state's economic development.

"This gives us an opportunity to spend a week with some key business leaders from Utah and talk to them about what UVSC can do to be more involved in their businesses and the community as an economic force," Hale said, calling the cost of the trip "well worth it."


E-mail: lisa@desnews.com

Comments

You can be the first to comment on this story.

Image

Jon Huntsman Jr.

previousnext

Latest comments

Football forecast as predicted

Here are some easy predictions for next year: The y will start the season...

But they can cut Social Security and medicare for the elderly with not a bit...

Unless SWA has changed its policy you have to use the ticket within 12 of the...

Gee, there's a shocker: movie dazzles with the eyes, but falls short with...

Here are Max Hall's Top 10 wins

Leave it to the Ute. He was adding to what Brett was saying, not disputing. I...

Susan Powell's family saddened

Re:concerned "Yes he took you and your brothers camping in the winter, but...

@Not!getitright. Check your history again. SS was kept seperate in it's own...

So sad and the Holidays are upon us. I feel for this family that each year it...

Letters: 'Liberal conceit'

Your comments did not confuse me at all. I refuted your claim plan and...

Welcome to BYU!!! Join the team, work hard, play hard...win a lot!

Advertisements