The 28th Global Foundry Sourcing Conference successfully concluded on Oct. 15 at the Qingdao Grand Regency Hotel, China.
This year, engineering machinery, mining machinery, pumps and valves and other areas of casting procurement increased faster. Though the product material accounted for an increase compared to the past. Reports show that: multinational groups have increased the purchase of castings in China. They will be previously in India, Eastern Europe and other countries of the parts orders to China, some buyers purchase volume than last year nearly doubled! A
Fortune 500 buyer said: As their suppliers in South East Asia had a poor rate of return to work and could not guarantee normal delivery, while China's epidemic prevention was efficient and factories were producing steadily, their new projects were specified to be sourced in China.
Qingdao Antai Casting Industrial attended the conference and we were talking over with buyers.