Hong Kong's Dynamic

Hong Kong's Dynamic Creation was set up in June 1999 to source low-cost, high -quality production capacity across the border in

China

.

The company points to Panyu in the Pearl River Delta, which has become a new centre for jewellery production to be exported across the world through

Hong Kong Charm Bracelet

.

'The strength of our existing UK business, combined with the exciting growth prospects of our South-east Asia operations, give us confidence that we can generate significant growth in the years ahead,' said Abbeycrest chairman Mr Michael Lever.

'We have recognised for some time the benefits of the introduction of low cost overseas manufacturing alongside our existing plant in

Birmingham Sweetie Bracelet

.

'Not only would our margins increase, but we would also be better able to access the international markets that we need to serve.'

Leeds-based Abbeycrest's ambitions to grow will not end there. The group is looking for further acquisitions which can be financed within its own resources Z Charm.

The company reported that full-year turnover to February was up 10.5 per cent at pounds 70.1 million and profits four per cent ahead at pounds 5.21 million.

Earnings per share rose four per cent and a dividend of 3.8p - up ten per cent - is recommended.