U.S. companies wishing to break into the Chinese market Mold – car wash wax manufacturer
And in China, like many foreign mold factory, Cosmos Tooling Solutions Ltd.'s Also from North America and other countries to export low-cost advantages of the mold began to start. But now, the company increasingly turning to the growing Chinese domestic market for growth potential.
Construction of the Cosmos factory in Dongguan, Guangdong only about 100 employees, according to China's standards, can only be regarded as a small mold manufacturing facility.
However, the owner – from the United States and Hong Kong, a number of plastics industry executives – in China's domestic market, the trend in the pursuit of higher quality saw an opportunity to expand their business, this vision of widespread worry that the Chinese competitors, the mold will cause the unemployment the industry can be called unique.
The company's U.S. investor is headquartered in Wakefield, Michigan, United States of Extreme Tool and Engineering Company president Michael Zacharias said: "Personally, I am the company's goal is to make [China] domestic business accounted for half of our total business volume. We hope to expand in China's domestic market business. "
Cosmos Dongguan plant is the company's partners have just completed one in 2008, and therefore all current products are still export-oriented.
In this context, to achieve the proportion of domestic operations accounted for 50% of the target may be challenging, especially in the highly competitive cost well-known local Chinese market, however, Zacharias and his partners said they see More and more Western customers (and some local companies) are interested in inviting them to expand production and supply in Dongguan, China's domestic market products.
They said that one of the objectives of the company car market last year, China's car sales already surpass the United States as the world's largest car market. As its partner of the two U.S. companies associated with the U.S. auto industry, for automotive companies design and production equipment, but also engaged in product development.
P0Cosmos's another investor in Swartz Creek, Michigan mold design, product development and engineering company Future Engineering, Inc.'s Vice president Stephen Davidek said: "I disclose the name of our clients, but we One product is the supply of heavy-duty truck industry, which is quite a big deal. "
Cosmos company's third U.S. investors in Future Engineering president Matt Catlin.
Davidek said that China's domestic auto market take time to fully mature. But Zacharias said, ladies and investors agreed that early intervention should be: "When China's auto market has been very prosperous and successful re-entry, would be too late."
Cosmos, one of the company's investor side, also served as General Manager of its Hong Kong office of Shen Zhi (Hercules Shum) pointed out that the growing attractiveness of China's auto market, a factor that is part of "Made in China" cars must meet the local content on related requirements.
Prior to entering the Cosmos worked in Hong Kong Elite Mold Company SHEN Zhi said: "In many areas of China's auto industry, people are still buying imports of other countries, the [parts]."
j T d & w.H & K I0 China and the U.S. auto parts has taken place due to trade friction, China last year, U.S. imports of auto parts started an anti-dumping investigations.
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