Company new
China's Plastic Machinery Makers Head Abro
While the market is still booming in China, the country's top plastics
machinery makers are looking to expand outside their borders. And
they're interested in more than just exports. In countries like Brazil,
India and Russia, Chinese manufacturers see opportunity to open new
manufacturing operations, grab market share and try their hand at
globalizing. The advantages for those who manufacture in China are
clear. Customers in developing markets are price conscious and Chinese
manufacturers can offer machines at prices that often undercut their
international rivals. Markets like India, however, have started to
resist the inflow of machines from China, going so tar as to impose
anti-dumping tariffs against Chinese-made presses in 2009. As a
consequence, the past two years have seen an increasing number of
Chinese-led joint ventures acquisitions and manufacturing facilities
around the world. India is a big market and growing quickly," said Jason
Chan, manager in Cosmos Machinery Ltd.'s marketing department. "We've
just started there, but it's a great opportunity." Chan spoke. While
Cosmos is still growing more than 15 percent a year with domestic sales
taking the lion's share of their business, exports are an increasingly
important part of their strategy. "South America South East Asia,
India-these are all big markets that it makes sense to enter," Chan
said. "The competition in these markets is not as tough as competition
in China." Building an international presence can provide a boost in
growth and added stability, said Richard Chen, the sales director of
Demag Plastics Machinery (Ningbo) Co Ltd. Although the China-based
manufacturer is part of the international Demag Plastics Group, building
exports has been a priority."Our target is to increase exports