Korean machinery part

Korean machinery part makers to seek more aggressive advance into China market

A positive expectation is forming among Korean machinery circles that the recently concluded Korea-China FTA would be a factor generating benefit for them. According to the Korea Association of Machinery Industry (KOAMI), Korean companies will be likely to benefit from the FTA in terms of tariff rate – due to China’s average tariff rate (8.1%) is higher than that of Korea (6.6%).

As Korean-made machinery products have comparative advantages over those from China in terms of quality, the rate of Korean companies’ advance into Chinese market is expected to increase significantly in the medium-and longterm.

A spokesperson of the agency said “For most machinery products, China’s tariff rate is higher than that of Korea, so, if tariffs at the two sides are abolished at the same time, Korea will likely take advantage from it, but only export of lowpriced tools, parts and components is expected to gradually be increased because of China’s price competiveness.

Korean-machinery-part So, the need for expanding the technology gap with Chinese competitors is strongly emerging as an important issue Korean companies manufacturing low-priced machinery tools, parts and components to solve.

As of last year, China emerged as the world’s largest importer of Korean-made general machinery comprising 24.2% of Korea’s total machinery exports, but recently the balance of payments remains to be seen gradually decreased.

The following selected companies are some of Korea’s representative machinery part makers taking considerable dominance in the global market in their specific areas.

With keen interest from the Korean government and a governmental agency, they plan to elevate their more aggressive advance into the China market with an aim to increase the ratio of their market dominance than competitors worldwide, on the occasion of the recently concluded Korea-China FTA.

 
 
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Caster

[INQ. NO. 1412M08] Samsong Caster has since 1980 been manufacturing casters, based on top-quality and lowcost. Samsong Caster is an ISO 9001/14001-certified designer and manufacturer of a comprehensive line of industrial casters, ranging from a medium-duty series to a heavy-duty series to meet any application. Can you imagine a world where no kinds of casters existed large discount stores, airports, and industrial spots? A world without casters would be just terribly inconvenient.

Casterhttps://korean-machinery.com///inquiry Samsong Caster is a company that manufactures and exports casters that free people of unnecessary burdens at such various important daily places as hospitals, industrial spots, etc. Samsong caster’s quality casters are highly durable and strong enough to fully withstand impact, corrosion, temperature extremes and chemicals found in harsh industrial environments.

Samsong Caster’s TP 7002 caster, which marketed under the brand of Trio Pines Caster, delivers top performance with sealed bearings fitted. These bearings are equipped with seals to retain grease and require no further lubrication or attention. The model is usable under silicon free circumstances – silicon-based products such as grease are the root cause of many quality issues in the automotive industry. For best ergonomic results, the MF series allows clients to easily maneuver loaded carts. Samsong Caster’s export growth to countries of North America, Europe, and Asia is beyond that of other regions.

 
 
korean-machinery.com | Blog Magazine of korean-machinery, brands and Goods

Caster

[Serial No. 2012-B-130]

Samsong Caster has since 1980 been manufacturing casters, based on top-quality and lowcost. Samsong Caster is an ISO 9001/14001-certified designer and manufacturer of a comprehensive line of industrial casters, ranging from a medium-duty series to a heavy-duty series to meet any application. Can you imagine a world where no kinds of casters existed large discount stores, airports, and industrial spots? A world without casters would be just terribly inconvenient.

Casterhttps://korean-machinery.com///inquiry Samsong Caster is a company that manufactures and exports casters that free people of unnecessary burdens at such various important daily places as hospitals, industrial spots, etc. Samsong caster’s quality casters are highly durable and strong enough to fully withstand impact, corrosion, temperature extremes and chemicals found in harsh industrial environments.

Samsong Caster’s TP 7002 caster, which marketed under the brand of Trio Pines Caster, delivers top performance with sealed bearings fitted. These bearings are equipped with seals to retain grease and require no further lubrication or attention. The model is usable under silicon free circumstances – silicon-based products such as grease are the root cause of many quality issues in the automotive industry. For best ergonomic results, the MF series allows clients to easily maneuver loaded carts. Samsong Caster’s export growth to countries of North America, Europe, and Asia is beyond that of other regions.

 
 
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korean-machinery.com | Blog Magazine of korean-machinery, brands and Goods