Plastic machinery industry is strongly Touzi mainland China, tried to gain foothold in Zhege market place, and Zhao Dao cut costs in order instead of using the development of neighboring China Jinhangjingzheng.
    For example, Jinhwa Glotech Co. Ltd. Invested 1 million U.S. dollars this year (80.1 million yuan) to expand the scale of China's Ningbo plant to triple its annual production capacity of presses to 500.
    Other large companies have taken similar action: LS Cable Ltd. The company in November opened in Wuxi, an injection molding machine factory, Woojin Selex Co. Ltd. The company late last year completed its wholly-owned Ningbo facility upgrades, make an annual capacity of 800 machines. girls heelys shoes
    Seoul, Korea Association of Machinery Industry of synthetic resin processing (KPPMIC) Chairman Young Soo Han, said that the industry's profit margins are under multiple pressures, including low-cost Chinese-made machinery, oil and steel prices and the won against the U.S. dollar. Young Soo Han, a controller is also the manufacturer of Incheon HanYoung Nux Co. Ltd. Company. converse wade shoes
    KPPMIC CEO Won Jun You said that China's machinery manufacturing level is rapidly increasing, Korean companies should be committed to improving its own technology. You also believe that China is to bring the cost of Korean pressure, but he said that because South Korea's information technology industry this year, seems more optimistic about the prospects, it is expected that the market will increase.
    South Korea has a global IT export companies - the country has the world's three major TV manufacturers in two, five mobile phone manufacturers in the two and the two largest memory chip maker. Government expects the country's IT exports will have double-digit growth.
    You said that South Korea every year to produce about 10,000 injection molding machines. Senior managers in the industry, said the cost savings made in China. LS-gun injection of overseas marketing, the company completed the team's regional manager Jason You said that factories in China, made in other aspects of labor and production cost savings can be made less than 30% of production in Korea.
    Woojin Korea Stock Exchange in a "high Nasdaq" a paper that the company expects profits of its China plant will grow, and is expected mobile phone and consumer electronics market will increase.
    These Korean companies on behalf of senior managers in the March 29-April 2 in Seoul, Korea at the 2006 International Plastics and Rubber interview at the show. Most people say they are investing in China, production of the major suppliers of low-end machines in China.
    Which, Jinhwa company will stay its R & D center in Korea. Jinhwa general manager of overseas sales department Jung-Min Park, said the company presses produced by South Korea's factory production capacity from 900 to 1000 in Taiwan, the company working on a higher level of technology (such as electric machinery), shorten the production cycle and in Silicone molding. Jinhwa company is headquartered in Chungnam.
    He said the company was established in 2003 in Ningbo, an eight thousand square meters of factory, and plan to expand this year to three times its size, to 20,006 over 1000 square meters, while the number of employees will increase from 100 500.
    He said that although the majority of machines made in China is to supply the Chinese domestic market, but last year from its Ningbo factory to Vietnam, Indonesia and Russia export the machine. He said the company plans to export machinery, Italy, the Italian company will press maker Sandretto Industrie SPA supplier of machines.