Supply Machinery & Equipments to China
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Canadian plane and train equipment-maker Bombardier Inc. has won an $89 million contract to design and supply an automated people mover system for the Beijing Capital International Airport in 2005. Today, the new system already starts running between terminals with brand Made in Canada. Unlike Bombardiers multi-million dollar contract, most of small-medium businesses also have obtained a decent return of their product sales in Chinese market. By 2007, Canada's exports surge concentrated in industrial goods to china, which include general industrial equipment, light machinery, and high-tech processing equipment, are set to triple their 2002 values in 2007. These exports make up just over half of Canada's shipments to China. Market overview
Opportunity for Canadian Businesses
Canadian process machinery industry has become increasingly more export driven. By 2000, exports increased to 77% by comparing to 5 years ago, today the total export nearly $7.14 billion in 2008. In Ontario, the center of Canadas $17.8 billion domestic market, process machinery is meeting the needs of customers in more than 170 countries worldwide. More than 80% of exports are shipped to customers in the U.S. The recent worldwide economic slowdown has adversely affected international trade in overall machinery sector. Especially, the US import shrink and higher currency rate directly contribute the declining. According to Statistics Canada, Export shipments of machinery and equipment have declined a whopping 7.6% from last year. |
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For the construction equipments sector, china spends more than USD $ 6 billion a year to build an infrastructure that is suitable for fast economic growth. It is investing some US$10 billion a year in the development of a national grid, making huge efforts to establish itself as a major maritime power and has embarked on a massive programme to expand its ports, as its share of world trade soars. It also has by far the biggest demand for industry machine tools. With consumption rising to over US$9 billion in 2004, numerous Chinese small-medium sized manufacture business have constructed an increasing market demand for various capital equipments which were manufactured by high quality producer of western. Today, the machinery and equipment sector is now the country's second largest industry after textiles.
Canadian machinery and tools products are recognized worldwide for innovation and
excellence. They include new, growing sub-sectors in robotics and automation, plastics, packaging and machine tools, compressors, pumps, construction and mining machinery, materials-handling equipment, as well as sawmill and woodworking machinery.
