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Article: Some sectors in China report slight rebound.(News)
- Article from:
- Plastics News
- Article date:
- September 21, 2009
CopyrightCOPYRIGHT 2009 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Steve Toloken
The past year wrecked havoc on South China's export-oriented injection molding and mold-making sectors. But the industry may have seen the bottom and is eyeing signs of a slight upturn.
Hong Kong-based Ultratech Mold Design & Mfg. Co. Ltd., for example, saw its business plunge 50 percent in the financial crisis that began last year, as its overseas multinational customers saw demand plunge.
But Ultratech has since partially recovered, and sales now hang at about 25 percent of pre-crisis levels, with orders in the last month "becoming hot, said Simon Cheung, assistant general manager of sales and marketing.
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