男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

 
Home> Latest News

Machinery makers eye opportunities further afield

Updated: 2012-12-25 10:00
By Wang Chao and Huo Yan ( China Daily)
Comments() Print Mail Large Medium  Small 分享按鈕 0

Due to sluggish domestic demand, Chinese manufacturers are targeting African markets for profits, report Wang Chao and Huo Yan in Liuzhou, Guangxi

Going overseas is no longer as easy as loading products on a ship and selling them quickly in the Middle East or Africa.

As tax barriers increase and profit margins get slimmer, Chinese manufacturers have to try other approaches to explore overseas markets, including building "complete knock-down" plants, where machinery is delivered in parts and assembled locally, and procuring materials locally.

Machinery makers eye opportunities further afield

Liugong Machinery Co has listed Africa as one of its "second home markets", along with Southeast Asia, Russia and Central Asia. Provided to China Daily  

Africa has become an increasingly important investment destination for Chinese machinery and auto companies. Liugong Machinery Co, based in Liuzhou in the Guangxi Zhuang autonomous region in South China, has listed Africa as one of its "second home markets", along with Southeast Asia, Russia and Central Asia.

Qin Yong, deputy general manager of international business at Liugong Machinery, said the most popular models in these markets are loading machines and excavators.

South Africa is the "superstar" in the African market. During the first three quarters of 2012, the company sold 830 units in South Africa and gained revenue of 390 million yuan ($62 million), up 117 percent year-on-year. The company is represented in most African countries with around 30 dealerships.

The unprecedented attention to overseas markets is partly results from the sluggish domestic market in the past two years.

Wang Xiaohua, president of Liugong, said the market has changed since 2011.

"The past 10 years have been golden ones for the Chinese market, but over the next decade, it will slow down and see modest growth," he said.

Liugong's financial report shows revenue in the third quarter of 2012 fell 27 percent year-on-year to 2.57 billion yuan ($407 million).

Domestic truck sales are also stalling sharply. Major commercial vehicle manufacturer Dongfeng Liuzhou Motor Co estimates its truck sales will drop 50 percent from 60,000 last year to 30,000 in 2012 due to shrinking demand.

Huang Ziqiang, deputy general manager of Liuzhou Motor, said the greener pastures are overseas and the domestic truck market is almost saturated. The company has exported trucks to Southeast Asia, Africa and South America.

 

Special Coverage

Machinery makers eye opportunities further afield

 

 

 

 

 

Related Stories

China's machinery industry to maintain slow growth

Tough times for construction machinery firms

China's slowing growth hits machinery industry

Liugong plans plant in Cambodia

 

Previous Page 1 2 3 Next Page

Survey & Comments

| About us | Contact |

Constructed by Chinadaily.com.cn

Copyright @ 2012 Ministry of Culture, P.R.China. All rights reserved

主站蜘蛛池模板: 八宿县| 清水河县| 葫芦岛市| 阿拉善左旗| 陆良县| 西城区| 扶绥县| 明水县| 汤阴县| 益阳市| 盐亭县| 万宁市| 谷城县| 泰宁县| 鄂尔多斯市| 武穴市| 河东区| 乌恰县| 普陀区| 沿河| 石河子市| 安西县| 防城港市| 金坛市| 梅州市| 湖口县| 长宁区| 唐海县| 保山市| 罗源县| 石嘴山市| 义马市| 耿马| 洛扎县| 福清市| 嘉黎县| 上饶市| 策勒县| 乌拉特后旗| 苍梧县| 宝坻区|