North America's largest PVC pipe extruder JM Eagle has pretty much stayed out of the world's largest market for its products -- China, despite the company's Taiwanese roots. But that is going to change.
The company is sending a clear signal, as its President Walter Wong met yesterday with commercial development officials in Chengdu, the capital city of Sichuan province in Southwest China."We hope to bring the best products and technologies that we've developed in the U.S. during the past 20-plues years to the mainland," Wong was cited as saying by a Feb. 17 Chengdu Daily report. He added an even more aggressive comment, saying that JM Eagle's presence in mainland China, albeit nonexistent presently, will become twice the size of its American operation by the end of the decade, if not sooner."[Mainland] China is full of opportunities, we hope to invest here, and Chengdu is a location worth considering," Wong said.Wong, a U.C. Berkley graduate, said his first job was as a production operator at a circuit board factory under his father Wang Yung Ching's conglomerate Formosa Plastics Group (FPG).Wong joined JM Manufacturing in 1990, and he boosted the company's sales from US$200 million to more than US$1 billion in 2005, according to the Chengdu Evening News.He made JM Manufacturing an independent entity from FPG in November 2005, and then formed JM Eagle by merging with PW Eagle Inc. in 2007.