Biennial Tour Seeks to Understand Market Trends While Fostering Positive Business Relationships
FOR IMMEDIATE RELEASE
November 2, 2018, Alexandria, VA- The American Gear Manufacturers Association (AGMA) conducted a trade mission to China for 12 days in October. Eleven members participated in the trade mission, and visited companies located in Beijing, Tianjin, Xi’an, Changzhou, Wuxi, Shanghai, Hangzhou, Ningbo, and Wenling City.
Company tours, business meetings and dialogue gave delegates new knowledge into the Chinese gear market, potential trading partners and insight into how Chinese suppliers are operating in today’s business environment.
“AGMA members participating in the trade mission walked away from the various meetings incredibly impressed with the innovative approach to manufacturing, with many of the companies managing the largest gear producing facilities some of the trade mission attendees had ever seen, anywhere,” noted Matthew E. Croson, President of AGMA. “China is no longer only a low-cost producer of gears. We saw firsthand world class technology being leveraged, including the Industry 4.0 applications, robotic processes, and Automated Guided Vehicles. It was impressive in terms of both scale and technology.”
This is the second time AGMA has conducted a trade mission in China, the most recent tour was in 2004. The Board determined that going back to China to see how the country has advanced would be valuable for participating companies. The tours took place at the following companies:
“AGMA is a global association with 28% of its members being from outside of North America,” said AGMA Chair and Doppler Gear President, Jim Bregi. “The power of an association is to give its members opportunities to make connections and gather information about the technical state of the industry, regardless of where on the planet gears are being made. The Chine trade mission was highly successful in this regard.”
AGMA’s global strategy asks for the association to connect members on a regular basis at leading trade events or via trade missions. AGMA focuses its efforts at the Industrial Automation, Motion and Drive events at Hanover, Germany, attending Eurotrans on an annual basis, IPTEX in India every other year and with its biennial trade missions. AGMA trade missions have included locations such as Japan, India, Hungary and China. Trade missions continue to be an important focus for AGMA, as the market for gear manufacturing and power transmission is a global business that remains critical to developing supplier relationships for all AGMA members.
“Gears travel on a global passport, and this year’s trade mission to China reinforced how important it is to stay aware of all the developing markets for both opportunities and challenges,” added Croson. “AGMA will continue to support our members in 2019 with efforts at IAMD in Hanover, attending Eurotrans, and visiting with India-based members in early 2019.”
For any questions about how to get involved with AGMA’s global efforts, please contact Jill Johnson at email@example.com.