Manufacturing in China
Discussion
I am currently involved in buying a factory in China to set up a manufacturing facility here. Has anyone else done anything similar? It’s a huge risk for us, but if I don’t my UK manufacturing company will be closed within the next couple of years.
Welding, fabrication, machining, painting, fiberglass pultrusion, injection moulding, textile products, plus much more…
I am also looking for new customers. If you need anything making (in volume) give me a shout!
And before you say anything the quality of what I am involved in is BETTER than what you would get in the UK!
Welding, fabrication, machining, painting, fiberglass pultrusion, injection moulding, textile products, plus much more…
I am also looking for new customers. If you need anything making (in volume) give me a shout!
And before you say anything the quality of what I am involved in is BETTER than what you would get in the UK!
Golfman said:
I am currently involved in buying a factory in China to set up a manufacturing facility here. Has anyone else done anything similar? It’s a huge risk for us, but if I don’t my UK manufacturing company will be closed within the next couple of years.
Welding, fabrication, machining, painting, fiberglass pultrusion, injection moulding, textile products, plus much more…
I am also looking for new customers. If you need anything making (in volume) give me a shout!
And before you say anything the quality of what I am involved in is BETTER than what you would get in the UK!
Good luck! I haven't been there but have friends who have. If you own teh factory, life should be better than it was for them, but fraud and scams are rife plus if you buy products from companies there, they will typically drop teh quality over time.Welding, fabrication, machining, painting, fiberglass pultrusion, injection moulding, textile products, plus much more…
I am also looking for new customers. If you need anything making (in volume) give me a shout!
And before you say anything the quality of what I am involved in is BETTER than what you would get in the UK!
Good luck again!
Cheers, quality will not be an issue, as we will buy all the machines, employ the staff paying them approx 25% more than they would get elsewhere. It’s no different to working in this country, if you use crap equipment and employ monkeys you will get crap products!
People are very ignorant to what is happening in China. For example I recently visited an injection moulding company and saw some motorcycle parts being made, with MADE IN ITALY moulded into them!
People are very ignorant to what is happening in China. For example I recently visited an injection moulding company and saw some motorcycle parts being made, with MADE IN ITALY moulded into them!
Golfman said:
People are very ignorant to what is happening in China. For example I recently visited an injection moulding company and saw some motorcycle parts being made, with MADE IN ITALY moulded into them!
Brilliant! If they're putting "Made in Italy" on them to make them look better, they must really be dire quality.I bet half the Rolex watches I see being worn were made in some back street factory in China.
From where I sit, the main risk will not be the machines or the staff (assuming you can manage them OK), but what the Chinese government does with the currency.
Right now the exchange rate is pegged artificially far too low and foreign exchange is all government-controlled. So China vacuums up the world's dollars (and lends them back to the USA...), whilst printing as much/little internal "monopoly" money as needed.
China is under huge pressure to revalue the currency so as to end the manipulation of global markets which makes costs look low. If that happens then your cost differentials may vanish very quickly.
I wish you all good luck, but I think some sort of currency hedge may be worth investigating, too!
Right now the exchange rate is pegged artificially far too low and foreign exchange is all government-controlled. So China vacuums up the world's dollars (and lends them back to the USA...), whilst printing as much/little internal "monopoly" money as needed.
China is under huge pressure to revalue the currency so as to end the manipulation of global markets which makes costs look low. If that happens then your cost differentials may vanish very quickly.
I wish you all good luck, but I think some sort of currency hedge may be worth investigating, too!
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