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Manufacturers produce
both industrial machinery and parts in Hong
Kong. Initial development of the industry
was prompted by a rise in local demand.
Industrialisation in the Mainland China
since the early 1980s has provided an added
boost to Hong Kong's machinery industry.
Hong Kong-made machines
are price and quality competitive. Prices
are lower than those of Japan and Europe.
Hong Kong manufacturers are able to handle
small batch and large variety of designs at
shorter delivery lead-time. They also have
an edge in providing prompt after-sales
services, especially for those machines
installed in China.
In order to compete with
global competitors, such as Taiwan in the
medium-level market as well as with Mainland
China target the lower-end market, Hong Kong
manufacturers are increasingly facing
challenges between pricing and market
segments. |