ORLANDO, FLA. — Sze Pak Industrial (Hong Kong) Ltd., a contract manufacturer that exports 80 percent of its products, reported growing sales in the first quarter and said it is targeting the medical end market. It has also been investing automation at the company's factory in Wuxi, Jiangsu province, in response to the rising labor costs on the mainland.
The Hong Kong-based company said it brought on two new customers in the first quarter, Whirlpool and Canon, said Ray Yip, chief marketing officer of Europe and Americas.
The official appliances business has shown healthy growth in the first quarter, up 50 percent compared to last year, he said, thanks in part to the recovery of the U.S. economy. One of the high-growth products is a mini toner-cartridge for printer, as part of the sustainability trend in the industry.