GUANGZHOU, CHINA — Taiwanese injection molding machine manufacturer Fu Chun Shin Machinery Manufacture Co. Ltd. (FCS) is setting up a joint venture with a medical equipment company to build machinery for the medical plastics sector.
Construction began last year for the factory FCS is building with Shenguan Group and is scheduled to complete by next year, said John Hsieh, area manager, in an interview at Chinaplas 2015 in Guangzhou.
He said the joint venture, Pingdingshan Fu Chun Shin Co. Ltd., will produce 500 injection molding machines per year with room for expansion.
The decision to build a factory devoted to the medical sector was based on a look at the China market.
“The medical industry is just like the food packaging industry, it's always going up,” he said.
Hsieh said part of the reason for choosing Henan was that the company has not been able to expand at its Ningbo and Dongguan factories because of lack of available space in those two cities. The two sites together put out 2,000 machines per year.
“For our China market, we have very good operations,” he said. “At our Ningbo factory we got a very good achievement last year and our Dongguan site is good so far this year. Our total growth rate in China is more than 30 percent more than last year.”
The company also will set up a trading company in Indonesia this year, which will buy machinery from the China factories.
“To expand our sales network we are going to set up more offices in Asia Pacific,” he said. “Indonesia is first step because it is a JV between FCS and our Indonesian agent. We want to have more cooperation with our agents and strengthen our relationship. We will send our Taiwanese engineers there to provide service and also collect more customer information.”
The company also plans to open another office in Asia, but Hsieh would not reveal the location just yet. “We will learn from Indonesia, and then our steps will go faster,” he said.
Hsieh said that there was a lot of interest at Chinaplas from potential customers, and that several orders had been signed, including a few for the company's new product, the horizontal rotary table two-component injection press.