Gauge firm to clock up
(Shanghai Daily)
Updated: 2006-10-30 15:28 Marposs Corp, a leading
international supplier of precision gauges, will open two new plants in eastern
China next year to cash in on the country's growing machinery industry,
especially the automobile market.
The factories will introduce the company's latest technologies such as
bluetooth for hand-held gauging.
The company will also set up three new subsidiaries in northeastern and
central China to expand its distribution channels, the Italy-based firm said
over the weekend in Shanghai.
"With these measures, we expect to double our sales volume in China in five
years," said Mario Benea, head of Marposs subsidiaries worldwide.
The company, whose strength lies in the automobile sector, says it holds a 15
percent to 20 percent market share internationally in auto gauging equipment.
Its share in China is even higher, at about 30 percent, as its customers
include almost all the country's auto companies and major auto parts makers.
Marposs is also trying to develop new market sectors such as the glass and
electronic industries.
Its China sales are expected to top US$20 million this year.
The two new production facilities will be in Jiangsu Province's Wuxi and
Nanjing, joining an existing plant in Shanghai.
The three sales offices will be in Shenyang, Chongqing and Wuhan, which are
bases for major Chinese car and machine tool manufacturers.
The analytical instruments market in China will grow by as much as 250
percent in the next four years given the country's strong economic growth and
growing expenditures on research and development, according to the China
Association for Instrumental Analysis. (For more biz stories, please visit Industry Updates)
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