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

    最好看的最新高清中文视频 | 亚洲av日韩av高潮潮喷无码 | 久久久久亚洲av成人无码电影| 痴汉中文字幕视频一区| 精品无码AV无码免费专区| 最近2019中文字幕电影1| 刺激无码在线观看精品视频| 日韩精品无码一区二区三区AV| 亚洲国产综合精品中文第一| 久久久久亚洲AV无码永不| 中文字幕精品久久| av区无码字幕中文色| 国产精品无码素人福利不卡| 亚洲AV无码专区亚洲AV伊甸园| 日韩欧美中文亚洲高清在线 | 精品无码国产污污污免费网站国产| 人妻中文无码久热丝袜| 中文字幕日本高清| 中文字幕亚洲码在线| 无码成人一区二区| 国产成人无码AⅤ片在线观看| 视频一区中文字幕| 欧美乱人伦中文字幕在线| 久久亚洲精品无码播放| 人妻精品久久无码专区精东影业| 18禁超污无遮挡无码免费网站| 91天日语中文字幕在线观看| 无码专区中文字幕无码| 亚洲 另类 无码 在线| 久久亚洲av无码精品浪潮| 精品久久久久久久久久中文字幕 | 国产精品无码v在线观看| 十八禁无码免费网站| 亚洲精品高清无码视频| 中文字幕不卡亚洲| 精品高潮呻吟99av无码视频| 日韩精品无码人成视频手机| 最近最新中文字幕视频| 精品欧洲av无码一区二区14| 久久亚洲精品无码VA大香大香| 久久久久亚洲AV片无码下载蜜桃|