Ningbo Textiles

South Korea injection molding machine industry is investing heavily in mainland China to try to get a foothold in this market place, and find ways to reduce costs and its growing neighbor China to compete.
Jinhwa Glotech Co. Ltd. Invest a million dollars this year (8010 million yuan), Ningbo, China will be its expansion to three times the size of the plant so that it presses an annual capacity of 500.
Jinhwa the company will continue its R & D center to stay in South Korea. Jinhwa general manager of overseas sales department Jung-Min Park said the company’s South Korean factories presses with annual production capacity of 900-1000 units, the company working on a higher level of technology (such as full-electric), shortening the production cycle as well as for Silicone molding. Jinhwa The company’s headquarters is located in Chungnam. The company was established in 2003 in Ningbo, an eight 1000 square meters factory and plans to expand to three times its size, to 20006 more than 1000 square meters, while the number of employees will be from 100 to 500 people. Although the majority of machines produced in China is to supply China’s domestic market, but the company last year from its Ningbo factory to Vietnam, Indonesia and Russia export of the machine. He said that this year the company plans to export machinery, Italy, the company will be the Italian press maker Sandretto Industrie SPA’s supply of the machine.
LS Cable Ltd. The company in November opened in Wuxi, an injection molding machine plant, Woojin Selex Co. Ltd. The company late last year completed its wholly-owned Ningbo facility upgrades, so that an annual capacity of 800 machines.
Seoul, South Korea South Korea Synthetic Resin Processing Machinery Industry Association (KPPMIC) the chairman of Young Soo Han, said the industry’s profit margins are under pressure of multiple, including low-cost Chinese-made machinery, oil and steel prices and the won against the U. S. dollar. Young Soo Han is also a controller manufacturer Incheon HanYoung Nux Co. Ltd. ‘s President.
KPPMIC CEO Won Jun You said that the South Korea every year to produce about 1 million injection molding machines. High-level governance in the industry who say that in China the production cost savings. LS’s End-gun injection overseas marketing team, regional manager Jason You, said factories in China, achieved by savings in other aspects of labor and production costs can make the production more than 30% reduction in South Korea.
On behalf of South Korean companies have applied for these high-level management of March 29 to April 2 in Seoul, Korea at the 2006 International Exhibition on Plastics and Rubber at the interview show. Most people say that they are Chinese investment, production, supply the Chinese market, mainly low-end machines.