DUSSELDORF, Germany (Oct. 21)—French injection molding machine maker Rep Group has formed a sales and development alliance with Tung Yu Hydraulic Machinery Co. Ltd., a Taiwanese compression mold machine maker.
Initially Rep will sell and service Tung Yu equipment in Europe and the Americas, but that is only the first step, said Rep CEO Bruno Tabar. Initially Rep will sell and service Tung Yu equipment in Europe and the Americas, but that is only the first step, said Rep CEO Bruno Tabar. The two companies also aim to create injection molding machines that can compete in the Chinese market at a price Chinese customers are willing to pay.
Tabar said customers in China have not balked at the prices that exist in Western Europe or the Americas. Prices in China are as much as 60 percent below those levels.
Tabar said Tung Yu has a large factory already in China. He expects production to begin in 2005 after the details of the deal are completed.