By Lauren Hilgers. Plastics News Correspondent
Shanghai -- While the market is still booming in China, the country's top machine 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 an opportunity to open new manufacturing operations, grab market share and try their hand at globalising.
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 far 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.
Haitian, for example, opened a manufacturing plant in Vietnam earlier this year. Hong Kong-based Cosmos Machinery Ltd. entered into a joint venture with the Indian press maker Jishu-Hozen Machines Pvt. Ltd. last year.
"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 at the Asian-Pacific International Plastics and Rubber Exhibition, held Sept. 6-9 in Shanghai.
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