GIFA 2015: China’s foundry market a “lion’s den” for Western companies
Published: Wednesday, 17 June 2015
Suppliers from outside China looking to crack the Asian giant’s foundry sector face ruthless negotiation on prices, as higher quality, specialised materials prove to have limited sway in an industry under pressure from weakness in the metals markets.
Selling foundry mineral and finished
products into China remains a formidable challenge for Western
manufacturers, as consumers in Asia’s largest
economy refuse to pull any punches on price.
Speaking to IM at the GIFA 2015 world trade fair in
Dusseldorf, Germany, this week, industry players said that
although Asia was a...