Global competition in PHEV production to heat up this year

Korean companies are losing their competitiveness against those from China and Japan. After undergoing a long period of intensive restructuring, Japanese companies are putting pressure on the Korean enterprises helped by the yen’s slide. Meanwhile, Chinese companies with enhanced technical prowess are capitalizing on its huge local market to catch up with their Korean rivals.

Korea, right before the financial crisis in 1997, had been likened to nuts that are squeezed in a nutcracker, as it was losing its competitiveness between high-tech Japan and low-cost China. From this perspective, the Korean economy is now stuck in a new “nutcracker,” according to market experts recently.

Industry sources report that Japanese companies equipped with core technology and competitiveness in materials, are making a return to the global market. Japan, from the first, had a competitive edge in basic science and advanced technology, but could not fully demonstrate it because of political unrest and restructuring.

But, they have now begun full-fledged efforts to target the global market after wrapping up the restructuring process. Backed by the so-called “Abenomics,” Japanese companies now have greater competitiveness in export prices due to the government’s full support and the yen’s slide, to expand their global presence at an accelerated pace. The worlds’ third-largest economy’s shipbuilding industry is generating profits with the focus on high valueadded shipbuilding production, which demands advanced technology.

 
 
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Korea-Vietnam FTA will be beneficial for Korean exporters from a long-term perspective

Korea has recently concluded a free trade agreement (FTA) with Vietnam. The FTA is expected to ensure the wider access of Korean-made automobile parts, cosmetics, and home appliances to the notably growing market. According to official data released by the Ministry of Trade, Industry and Energy (MOTIE), Korea, thanks to the FTA, will open 94.7 percent of its import market to Vietnam, while the Southeast Asian nation will open 92.2 percent.

The Korean government said it decided to eliminate tariffs on 495 Vietnamese goods within the next 14 years. It will lift tariffs on 76 items when the deal comes into effect, which requires approval from the National Assembly. Vietnam will do away with tariffs on 200 Korean products in phases over the next two ten years.

A spokesperson of the Ministry said “Korea, according to the pact, will open its market first to Vietnam in the short term, but from the long-term perspective, the FTA will eventually help Korean businesses secure the Vietnamese consumption market.”

Vietnam will firmly play a pivotal role in the Korean exporters’ global expansion, as a strong facilitator. Vietnam will abolish tariffs currently set at 20 to 35 percent on home appliances made by Korean companies within 10 years, which will offer the products stronger competitiveness in the market.

Thanks to the popularity of K-pop and drama stars, home appliances such as TVs, refrigerators, air conditioners, and rice cookers are popular among Vietnamese consumers. Vietnamese consumers are also big fans of Korean cosmetics because they want to follow the style of Korean singers and actresses.

Tariffs of 10 to 20 percent on automobile parts will also be removed over a 15 years period, permitting Korean auto part makers to export more to the nation, which is home to production lines of global automakers. Some cargo trucks and cars will also be subject to tariffs cuts. Tariffs on tires, textile and train parts will also be lifted gradually, which will make Korean manufacturers more competitive against their Japanese rivals. The world’s third-largest economy signed an FTA with Vietnam in 2009, but maintains tariffs on these products. Korean consumers are expected to be able to buy clothing from foreign brands and tropical fruits at lower prices.

When the FTA comes into effect, about 20-type of apparels including socks, shirts, blouses, jackets and coats made in Vietnam will be imported to Korea tarifffree. Now, a 13 percent import tax is imposed on those products. Clothes are Vietnam’s second largest selling product in Korea. It is likely that prices of foreign apparel brands with factories in Vietnam, such as North Face and Uniqlo, will fall.

The Korea-Vietnam FTA is broader than the recently concluded FTA with China in terms of opening agricultural and fisheries trade. Korea will remove tariffs on Vietnamese crops and fishery products in three to five years. Import taxes on fruit like pineapples and mangoes will be abolished in 10 years. Rice, squid, cutlassfish and mackerel, which are very popular in Korea, will keep their tariff levels. Korea has been exporting chips, mobile device parts, synthetic resins, plastics and commercial vehicles while importing clothes, shoes and wood from Vietnam.

 
 
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ASEAN nations to eliminate more tariffs

Korean companies are expected to be exempted from the burden of tariffs when they export automotives and various kinds of related component products to the six major countries in ASEAN as early as next year. This is because the Korean government and ASEAN’s six nations recently agreed to massively abolish the exception items of the Korea-ASEAN free trade agreement (FTA).

The government through the summit with presidents of ASEAN held last month scored a notable accomplishment focusing on elevating the utilization of the Korea-ASEAN FTA. Korea and 10 ASEAN nations have so far been subject to the MFN, so high tariffs on Korea’s major export items including autos existed under the FTA, which was effectuated in 2009.

As much as 38 percent of low utilization of the FTA among those nations is attributable to the compromise. But, six ASEAN nations mutually agreed to eliminate the MFN. Korea was also determined to participate in such movement.

 
 
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Korea’s determination to become a member of TPP

Korea is preparing to join the Trans-Pacific Partnership (TPP) according to data recently released by the Korea International Trade Association (KITA).

According to Korea, by joining the partnership, could accomplish a 2.2 percent increase in gross domestic product by 2025. The TPP consists of 12 member countries, including the United States, Canada, Japan, Australia, New Zealand, Singapore, Chile, Peru, Brunei, Vietnam, Malaysia and Mexico.

The members account for about 37 percent of the world’s GDP and 30 percent of foreign direct investment. The agency recently released its official estimation that the TPP could help Korea be more price-competitive with longtime rival Japan.

Korea already has massive demand from the 12 TPP members for completed products worth $9 trillion and materials and parts worth $2.2 trillion, also forecasting an obvious challenge – Japan can only obviously gain many benefits from trading with TPP member countries as the nation also manufactures similar products to Korea’s.

TPP countries will not levy tariffs on materials and intermediate goods produced by each other. According to KITA, TPP members procure about 5 percent of their intermediate goods such as materials and parts from Korea and 6 percent from Japan. And this year, KITA has a positive forecast on Korean trade, with exports estimated to jump 4.3 percent to break the $600 billion mark for the first time and imports forecast to jump 5.5 percent to $557 billion.

 
 
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Leading-edge textile machinery

[INQ. NO. 1501M17] Over the past three decades, Samill Machinery has consistently introduced top-quality textile machinery, including stenters, post-textile processing machinery, industrial textile coating machines, coating machines, laminating machines and weight-reducing machines.

samillhttps://korean-machinery.com///inquiry With its own research and development institute, Samill Machinery has steadily released advanced textile machinery and has supplied them to domestic and foreign textile companies in Japan, China, India, Italy, Australia and the Middle East. Samill Machinery has acquired ISO 9001 and 14001 certifications and possesses international patents for its stenters and drying machines. The company has also obtained foreign certifications such as ASME’s “U” Stamp, TUV and CE.

Samill Machinery’s “Exter” stenters feature uniform heat distribution and low-noise operation under both high- and low-speed modes. Since they are designed to provide enough over feeding in processing cotton, T/C, spandex and other new synthetic fibers, they help produce more flexible and bulkier finished products. By adopting highly efficient hot wind-circulation methods, they maintain uniform interior temperatures of chambers and show sharply reduced power consumption.

samill_2 By employing high-end inverters, coating machines “Majestar” from Samill Machinery provide quick response control of tensile strength. So, they are suitable for processing new synthetic fabric and micro fabric such as “Island in the Sea.” Due to their uniform heat distribution and air-blowing, they provide extremely natural drying effects. As a result, they can meet various customer demands for processing high-end fabrics with unique touch, water-repellence and waterproofness.

The tumbler machines “Luxey” from Samill Machinery are designed to give excellent shrink-proof and explosion-proof effects to the fabrics. So, they are ideal for surface processing of high-end fabrics and treating newly developed synthetic fabrics. Their tumbling finishing improves touch and air permeability of the processed fabrics, thus bringing a modifying effect to the fabric surfaces. Employing advanced beam sensor technology, they are widely applicable for rayon, celluloid-based new materials, cotton, wool, natural fiber, knit, compound fiber and high-density fabrics.

 
 
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Advanced aerial working platforms

[INQ. NO. 1501M16] Dasan Heavy Industries has focused its energy on producing small- and medium-sized cranes as well as various aerial working platforms, since its inauguration in 1998. Due to its constant development of new technologies, the company has been designated as an “INNO-BIZ” company by the Korean government.

dasanhttps://korean-machinery.com///inquiry Aiming at becoming a global powerhouse in the field of special cranes and aerial working platforms, Dasan Heavy Industries has placed top priority on technological innovation. The company was designated in 2003 as regular suppliers to Korean government by the Public Procurement Service.

Dasan Heavy Industries has already obtained ISO 9001 and 14001 certifications and won foreign standards for its products such as GOST-R. It possesses several patented technologies concerning horizontal maintaining systems and oil pressure devices.

The “CT-180S” aerial working platform from Dasan Heavy Industries ensures increased productivity by adopting an integrated control system featuring maximum safety and convenient control. It is suitable for various works like building maintenance and installation of signboards. With a small swing angle of 250 degrees, it allows users to easily perform aerial works in urban areas and narrow alleyways.

dasan_1 Utilizing locally made long-wheelbase truck’s cabin chassis, the model offers a maximum working height of 18m. Its X-shaped main outrigger guarantees maximum stability with a horizontal/vertical automatic extension of 3.8m. By employing pentagonal boom and side pad-controlling device which were developed by in-house technology, the model minimizes the distortion of the boom caused by bucket rotation.

The company’s “DFM-280L” aerial working platform is designed to be mounted on a domestically made 3.5 ton truck’s long-wheelbase cabin chassis. So, the model shows great operation capacity with a maximum working height of 27.5m and a maximum working radius of 18m/300kg.f. Employing a double worm reduction system, it ensures stable swing and stop motion.

 
 
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Shinwon MS to put more innovative steel gratings on the world market

[INQ. NO. 1501M15] “We are specialized in developing and manufacturing much lighter and stronger steel gratings than competitors’ ones. With more than 22 years of technical know-how and experience, we have been developing and manufacturing high-quality steel grating which has light and strong design to prevent damage under the heavy and severe conditions. Our steel gratings are very innovative products and they obtained the PCT international patent for the Manufacturing Method of Grating in 2013, ensuring longer life time with durable structures. All of our steel gratings are the best solution for the walkways of ships and power plants and for the cover of ditches in the street,” said the company’s president Kwon Hyug-myung.

shinwonhttps://korean-machinery.com///inquiry Since its establishment in 1993, Shinwon MS has focused its efforts on the production of press die tool sets for electronic products like LCDs, LEDs and PDPs and automotive parts such as radiators. Based on its long-accumulated technologies in the press die fields, the company has recently put on the market internationally-patented steel gratings.

Highly reputed for its cutting-edge technologies in the press die fields, Shinwon MS has supplied its products to internationally renowned companies such as Samsung Electronics and Delphi. The company can meet any intricate small orders for diverse items with a shortest delivery lead time.

shinwon_1 It has recently entered the limelight by releasing world’s first steel gratings that completely solve shortcomings of previous products. With ISO 9001 international certification, Shinwon has acquired international patents for the designs and production technologies related to its new steel gratings and trenches.

Shinwon MS’s embossing type steel gratings have a one-body steel frame, compared with ordinary welded metal bar gratings. So, they are light and extremely strong, almost free from deformation and rupture.

With sharply reduced welding spots, they are far more price-competitive than existing products. They have much more refined design and are equipped with anti-pilferage and swing-type opening/closing devices.

shinwon_2 Having embossed protuberances, they offer antislip function. Their built-in elastic plates provide noisepreventing effects. Shinwon MS’s embossing steel grating is the right solution for the walkway and platform of shipbuilding, drilling ship, shipping, ports, wash bay and power plant and for the covers of ditches in the street.

Armed with technological know-how accumulated over the past 22 years, Shinwon MS has actively supplied press die tool sets for electronic products, such as LEDs, LCDs and PDPs, and automotive parts both at home and abroad. Among its major customers are Samsung Electronics, Delphi Inida, ATA TOYO India and VISTEON India.

As part of efforts to massively promote its advanced solutions globally, in 2014, Shinwon MS exhibited various kinds of its potential flagship steel grating products before visitors at the 20th Seoul Int’l Building Material +Decoration Fair held on Jan. 23 to 26 last year, drawing much interest from them. At that time, overseas buyers – especially from the Middle East, Russia, Mongolia, and Japan – showed keen attention. shinwon_3

Moreover, Shinwon MS has participated in Germany’s SMM 2014 (International Maritime Trade Fair Hamburg) in September in the same year. Through the Germany exhibition, Shinwon MS performed successful consultations with more than 50 overseas buyers in the field of offshore plant from foreign countries including Germany, Russia, Poland, Turkey, Colombia, Australia, United Kingdom, etc., won a sample order from a Colombian buyer, and actually recorded a successful sample export to the partner.

President Kwon promises he will contribute to the steady development of global water and sewage system industry with the company’s superior quality of steel grating items.

shinwon_4

 
 
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Auto chillers

[INQ. NO. 1501M08] Hyundai Eng. is specialized in developing and manufacturing automatic chillers for molding machinery since its founding in 1983. Hyundai Eng. was earnest in producing of industrial chillers for 30 years as a pioneer in the Korean refrigeration industry.

https://korean-machinery.com///inquiry As a front runner of wide range of chillers, Hyundai Eng. has earned a solid reputation with substantial experience as well as accumulated technical expertise. Now Hyundai Eng. supplies quality products by faithfully meeting any demanding requirements from global customers.

Fully reflecting the buyers’ working environment, Hyundai Eng. can produce various-sized products (over 400HP), basically along with precision chillers. Hyundai Eng.’s current major items include air-cooled type chillers, water-cooled type chillers, laser-type chillers, air-type chiller series, and oil-cooled type chiller series.

Auto-chillers The auto chillers from the company are being actively used for such varied purposes as laser machinery, semiconductor machinery, processing machinery, medical instruments, chemical reaction machinery, printing equipment, food processing machinery, etc. The major current export target regions are Russia, the UK, Indonesia, the USA, and Japan. Some potential markets in Europe, South America, the Middle East, etc. are approaching the company as a new generation of growth markets.

 
 
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Eutectic cold top

[INQ. NO. 1501M07] Since its launch in 1991, Jinsung Refrigerator has been professionally engaged in manufacturing refrigeration equipment and eutectic cold tops. Jinsung Refrigerator’s eutectic cold top is appropriate for use in hot climates, where eutectic cold top vehicles for freezing storage can reduce fuel costs, environmental pollution and operational noise. With it, users do not need to operate a refrigerator attached to the car engine.

Eutectic-cold-tophttps://korean-machinery.com///inquiry When operating the refrigerator with AC power (220-380V), the PCM (Phase Change Material) panel inside the cold top is slowly cooled down to – 45°C, thus being charged with chill. While the vehicle is running, the stored chill is slowly emitted, thus stably keeping the interior temperature at -30~- 20°C. It is strongly recommendable for users wishing to transport frozen food, ice cream, seafood, etc. in hot climates.

Thus, the refrigerator is operated regardless of the car engine’s operation. Given that high oil prices are increasingly appearing as one of the major obstacles in normally operating businesses, the product is gaining a very good reputation among these industries. Jinsung Refrigerator is seeking to increase the size of the existing flagship markets including the Middle East, Russia, Australia, Brazil, Hong Kong, etc, while further pioneering new potential markets such as the USA, Europe, North Africa, etc.

 
 
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Al return bend auto brazing M/C

[INQ. NO. 1501M06] Jaehyun Autonics manufactures the automated brazing/soldering system and provides related equipment. Jaehyun Autonics manufactures automated machines for areas of brazing and soldering operations and peripheral equipment and factory automation machine. The current major products include Index Type Brazing M/C, Robot Brazing System, In-Line Brazing M/C, Soldering M/C, Electronic Gas Saver, etc.

Al-return-bend-auto-brazing-MChttps://korean-machinery.com///inquiry Placing the first priority in manufacturing of its products in the aspect of elevating the quality of manufactured products, the company is also deeply considering another important aspect in design and manufacturing of how to manufacture systems that are convenient to operate in real application.

Al Return Bend Auto Brazing M/C leads the company’s current step toward the upcoming AHR Expo2014 at which this maker aims to make this new year of its own strategic pace of massive promotion at the place. This M/C is now a product recognized as one of strong items that have strong potential for the nation to increase its national rank in terms of trade capability.

The reliable background based on some facts: it is quite suitable for mass production; it supports successive production line; it is applicable to the workpiece necessary for frequent modification: it also supports standardization according to the applications. According to the models, for the M/C, conveyor speed is adjustable. Moreover, in its operation process, distance and angle of nozzle is also adjustable according to the models. A representative application of the product includes heat exchanger U-Bend brazing.

 
 
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