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Korean media said that recently, some Korean companies have not only been affected by China’s “anti-Sadeâ€, but have also actively explored the Chinese market and increased investment in China.
South Korea's "Asian Economy" website published on September 4th, "The Korean company is not afraid of 'Sade' crisis and increased investment in China's investment in medical devices in the local area," said the medical device industry on the 3rd news, with China The import of medical devices continues to expand, and imports from South Korea continue to increase. According to the Korea Medical Device Industry Association, the total domestic medical device export volume last year was 2.99 billion US dollars (1 US dollar is equivalent to 6.5 yuan - this net note), an increase of 7.7%. Among them, exports to China reached US$450 million, a surge of 78.8% year-on-year.
According to the report, relevant Korean companies are optimistic about the huge potential of the Chinese market, not afraid of the "Sade" crisis and accelerating their entry into the Chinese market. Samsung Madison seized business opportunities during the reform of the local city medical system in China and seized the market of ultrasonic medical treatment machinery. Data show that as of the first half of this year, Samsung Madison sales reached 15.15 million US dollars, an increase of 42%. VATECH Medical Devices Co., Ltd., which specializes in the production of dental X-ray machines, has the highest 2D medical products in China. The export scale of 3D medical equipment in March last year was equally gratifying.
According to relevant sources, although the Chinese government encourages the localization of medical devices, China's dependence on overseas imports is still relatively high. Data show that last year China's medical device transactions amounted to 38.9 billion US dollars, exports decreased by 3.1 percentage points, and imports increased by 6.3 percentage points.
According to the industry on September 3, the Korean textile industry representative companies Hyosung and Kelon expanded their investment in China.
Kolon Lotech, a subsidiary of Kelon Group, plans to build a car seat manufacturing plant in Chongqing, China, and is setting up a local legal entity to prepare for the work. Kolon Lotech related person said: "The specific size, production volume and investment amount of the factory will be determined early next year."
Kolon Lotech mainly produces car seat fabrics and artificial turf, and has legal persons in Beijing, Qingdao, Yancheng and Zhangjiagang, China. Relevant people in the industry said: Although the contradiction between China and South Korea 'Sade' has caused modern Korean companies such as Kia and Lotte to fall into crisis, it is mainly because cars and distribution companies are easily replaced. Kolon Lotech's product technology is very high and it is difficult in China. It has been replaced by local companies, so the situation is relatively good."
According to the report, Hyosung Group is also expanding its investment in China and is currently promoting the installation of airbag production equipment in Changshu, Jiangsu Province, China. In 2011, Hyosung acquired the world's number one German Airbag Textile Manufacturer (GST), becoming the first company in the industry to complete the vertical production from airbag original yarn to fabric and cushion. A new step.
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