Also at the pre-show press conference, Stanley Chu, chairman of Adsale Exhibition Services, talked about the current state of the Chinese manufacturing industry. Many reports show that the manufacturing sector of the world's second-largest economy is losing steam due to weak investment, industrial production and export numbers, according to Bloomberg.
"We are facing the rising cost of labor as the worker's salary keeps increasing," Chu said.
As such, more companies are investing in automation, which Chu said was evident at Chinaplas.
"At the exhibition, we are seeing more automated machinery," he said. "In the past, when we talked about automation, it was independent equipment - an arm, a belt. But now it seems the trend is for a fully automated processing system. We are seeing more and more fully automated production lines and we are also seeing the advancement in technology and innovation."
Click on the arrow below to go to the next slide.
Automation expands at Chinaplas |
|