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Services provided in: Taiwan
Read the case study here.
Developing a global supply chain without the burden of the back office
Adolf Wurth reveals how working with TMF Group has helped them to focus on their worldwide quest for high-quality products
The Wurth Group is the world market leader in the trade of assembly and fastening material. It currently has more than 400 companies in more than 80 countries and over 67,000 employees on its payroll.
Already in Taiwan for 25 years and with an established global compliance partner, the Group identified a new business opportunity and decided to establish a new entity focussing solely on purchasing and quality control. The global partner could not be involved in the project, and with the German in-house counsel unfamiliar with Taiwan law, a new partner was sought for this new entity.
Wurth needed someone to constitute the legal entity, and then to help keep them compliant with domestic legal and working requirements in Taiwan; they chose TMF Group because they found the local team to be extremely helpful, flexible, responsive and customer-focussed. They also liked the concept of the one-stop shop, and we now service them in accounting, tax compliance and payroll processing as well.
Says Head of Quality Assurance and Supplier Development Andreas Dierolf: “At the moment we don’t have any plans for similar purchasing and quality control operations in other parts of the world, but if we were to expand into other countries I would definitely like to work with TMF Group again due to the great experience we have had so far.”
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