Demag expects to export more presses from China


NINGBO, CHINA (July 2, 12:10 p.m. ET) -- Demag Plastics Machinery Co. (Ningbo) Ltd. wants to turn its China injection press assembly plant into an export base to Southeast Asia and South America, and aims to have about one-third of its production shipped overseas within two years.

That would be a big change from the less than 5 percent that is exported now from the factory, which is part of Japanese-German press maker Sumitomo (SHI) Demag Plastics Machinery. It comes as...
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