Hints and tips:
...They planned to use their skills as product designers to craft upgraded versions of everyday kitchen items, relying on Chinese manufacturing to keep costs down....
...Average wages in China’s manufacturing sector have more than tripled in the past decade, putting them above Brazil and Mexico and forcing companies to increase productivity....
...According to the US, these companies are among those that pose the biggest threat: Midea Group Although it is not owned by the state, home appliances company Midea has become central to China’s plan for...
...It specialises in precisely the area that Chinese companies are looking to move into as their labour costs rise — high-end manufacturing....
...The country’s vacuum cleaner and air purifier makers are dominated by lower-priced local brands such as Midea Group....
...“In China, we have a lot of respect for German manufacturing excellence, their craftsmanship, their dedication to technology,” says Andy Gu, Midea’s vice-president....
...Unusually straight-talking for a Chinese official, he warns: “If manufacturing companies don’t improve, they won’t be able to survive.” ————————- How will robots really change our world?...
...It is difficult to estimate the potential impact on company profits, but the value of imports of ceramic tableware and kitchenware of porcelain and china into the EU was €620m — €492m from China, according...
...BSH is the third biggest company in the country’s expanding market for white goods, behind two large Chinese appliance manufacturers, Haier and Midea....
...Cheap local manufacturing is a threat – China’s Guangdong Midea is the third-largest manufacturer – but use of sophisticated control systems and automation is still very low in emerging markets....
...With annual turnover of about $3m, the company has come a long way from its origins as a family business making kitchenware for the local market....
...Exhibiting almost as much composure is Alberto Alessi, general manager of Alessi, an Italian company that makes upmarket kitchenware, who says: “In the light of the financial market turbulence, we have seen...
...Galanz executives pioneered a novel partnership agreement in which European white goods companies moved their entire production lines to Shunde, where Galanz would make the microwaves for export back to...
...Paul Juneja, managing director of Benross Marketing, a supplier of electrical goods, kitchenware and lighting, sources 99 per cent of the company's produce from China....
...Typically, these firms were owned by local governments, which were seeking to reduce their exposure to highly competitive sectors such as manufacturing....
International Edition