Minneapolis, Minnesota- June 19th, 2012
APG Cash Drawer, LLC is pleased to announce the formation of the Minnesota Cash Drawer Equipment Company of Shanghai Ltd. The joint equity venture company was established between APG Cash Drawer, LLC of Minnesota and Kami of Shenzhen China and will be doing business as APG Cash Drawer, China. The partnership was created to serve the Chinese and APAC Marketplace and offering customers APG Heavy Duty Series 4000 product. Following the launch of a new Chinese website, this joint venture enhances APG’s ability to support the Asia Pacific marketplace and expands their presence as a worldwide manufacturer. “We are pleased to have gained such a knowledgeable partner,” stated Stephen Bergeron, Vice President of Strategic Initiatives at APG Cash Drawer. “There has been a strong response to our heavy duty product in the Chinese marketplace and we are improving our ability to support new and existing customers in that geographic region. This partnership will support our strategic intent to be able to participate in the explosive growth of the Asia Pacific Region,” concluded Bergeron. “We are excited to have entered into a joint venture with a company that has such a strong brand,” stated Arthur Guan, President of Kami. Guan further commented. “As the local markets mature, the APG Heavy Duty Product is a natural fit. We look forward to a successful partnership.”
About APG Cash Drawer, LLC
APG manufactures a broad range of high-quality cash drawers and other related products for thousands of customers throughout the world. During its 30+ year history, APG has built a reputation as the supplier of choice for highly durable and dependable cash drawers. To discover more about APG and other APG products, visit www.cashdrawer.com or call us at 763-571-5000.
About Kami
Kami manufacturers cash drawers and other related products for the Asia Pacific market. To discover more about Kami and our products, visit www.kamipos.com or call us at +86-755-6151 4800-4811.
