Shanghai, China – Customised polyurethane foaming machinery maker Green Industry based in Taichung, Taiwan claims a 30% market share in China, said the company to UTECH-polyurethane.com in an exclusive interview at the PU China exhibition held 3-5 September 2014.
Green Industry and its mainland subsidiary Green (Dongguan) Machine Facilities Factory in Dongguan, Guangdong province were both set up in 1981.
“At that time Taiwanese companies had more advanced technology, which gave us a headstart in the mainland market,” said Pan Chunlei, business director of the Dongguan subsidiary.
Green’s business is spread all over the country but is comparatively weak in northeast China, due to underdeveloped industry in the area, said Pan.
Pan points out that the company also has sales in South America, Europe and Southeast Asia, the last of which, where a cluster of automotive interior factories are based, brings in the highest revenue among oversea markets.
According to Pan, both the parent company and the subsidiary have a factory covering an area close to 20,000m2, with 90 and 150 employees respectively. In 2013 the Dongguan subsidiary had RMB80m ($13m) revenue.
XE Currency Conversion: 4 September, 2014