Homag Group Seeks to Double China Sales, CEO Tells Handelsblatt
The Schopfloch, Germany-based maker of wood working machinery, which generates sales of about 60 million euros ($76 million) in China, is investing 6 million euros in its Shanghai unit, Flik told the newspaper.
The company is betting on China’s rising wages to spur more companies to buy machines instead of relying on hand-made production, Flik said.
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