Wuxi Kingunion S & T Co., Ltd.
Wuxi Kingunion S & T Co., Limited
5F-Kingunion Building, 530 Pioneer Park, Jinxi Ave 100#, Binhu District, Wuxi, Jiangsu, China
Initial contact with the supplier:
Introduced by a 3rd party
Type of product(s) being purchased:
Cereal Bar production line
Value of the Purchase Order when the incident occurred:
25,001 to 100,000 USD
Destination market of order in question:
Type of Complaint(s):
missed lead times, contract violations,
Stage of relationship with the supplier at the time of the incident:
The contract between Wuxi Kingunion S & T Co., Ltd. and the company located in Ecuador “DULCENAC” was signed on April 2014 for the amount of $42,000USD, then a second contract which was an extension of the that contract was signed in September 2014, for a total amount of $67,000 USD. The client Dulcenac, already transferred 40% of that amount $26,800 USD, and up to this day there is no sign of the machines. More over the company representative Mr Parker Wong is requesting for another contract and is requesting more money. Needless to say that Ecuadorian company is not willing to transfer any amount to Chinese company but rather open a 100% LC for the remaining payment.