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Miscellaneous
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19 / 5095 |
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for 65 years. This was only due to LEI maintaining an annual minimum purchase of $1 million. This placed Shang-wa as LEI’s main provider of capacitors for the U.S. and in return, Shang-wa cannot intentionally sell its capacitors to any company who plans to market to the U.S.
Over the last 35 years, the agreement, which is annually renewed, has been profitable for both companies...
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Both of the companies’ founders consider themselves not only business partners, but also friends. So much so that five years ago, Bernard Lester invited John Lin to sit on the Board of Directors at LEI. On John Lin’s past two trips to LEI he has implied that Shang-wa is receptive to new growth opportunities that would help position the company to meet growing demands...
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