Article: S. Korea press makers investing in China.(News)

Byline: Steve Toloken

South Korea's injection press industry is making significant investments in mainland China, as it tries to get a foothold in that market and find a way to lower its costs to compete with its neighbor's developing industry.

Jinhwa Glotech Co. Ltd., for example, is spending $10 million to triple the size of its facility in Ningbo, China, this year and give it capacity to make 500 injection molding presses a year.

Other large competitors have made similar moves: LS Cable Ltd. opened an injection press plant in Wuxi, China, in November, and Woojin Selex Co. Ltd. finished ramping up its own Ningbo plant in the second half of ...

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