World - Conveyor Or Transmission Belts Or Belting - Market Analysis, Forecast, Size, Trends and Insights
TGW Launches New Conveyor Production Site in Changzhou
Source: TGW Logistics Group
TGW, a global leading manufacturer of dynamic automated logistics solutions for warehousing, production, order picking and distribution, has opened a manufacturing site in Changzhou, China.
Headquartered in Austria, TGW Logistics Group produces cutting-edge automated logistics solutions. Operating since 1969, TGW provides as/rs solutions, carton and tote conveyor systems, unit load conveyor systems and software for successful warehouse functioning. Its corporate client list includes household names such as H&M, Adidas, Esprit, Kärcher and Amazon.
It took a year for TGW China and TGW Mechanics in Austria to launch the Chinese manufacturing facility TGW Logistics Equipment Production (Changzhou) Co., Ltd. Now that the manufacturing process has been well established, TGW China produces high quality standard carton and tote conveyors for the Chinese market. This new facility has helped TGW to firm up its position in Asia.
Managing Director at TGW Mechanics, Christoph Wolkerstorfer, defines this step as another milestone on the way to the top of the global logistics market. The company now offers competitive conveyor packages to its partners who install highly effective TGW solutions at their facilities in Asia and Australia.
China dominates in the global conveyor or transmission belt trade. In 2014, China exported 272 thousand tonnes of conveyor or transmission belts totaling 893 million USD, 9% over the previous year. Its primary trading partner was the U.S., where it supplied 12% of its total conveyor or transmission belt exports in value terms, accounting for 16% of the U.S.'s total imports.
From 2007 to 2014, China was a net exporter of conveyor or transmission belts or belting. In this period, exports consistently exceeded imports in value terms, and this difference has expanded with time. In physical terms this difference was even more pronounced.
Germany and Japan were among the other main global suppliers of conveyor or transmission belts or belting in 2014. However, the fastest growing exporters from 2007 to 2014 were Mexico (+10% per year) and China (+14% per year). China, by virtue of this sustained growth, significantly strengthened its position in the global export structure.
China's top 5 trading partners in 2014 were the U.S., Brazil, South Africa, Viet Nam and Iran, with a combined 31% share of China's conveyor or transmission belt exports. The share of Brazil increased (+3 percentage points), while the share of the U.S. illustrated negative dynamics (-4 percentage points).
Source: IndexBox AI Platform
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