Yizumi is molding a great future overseas

He said that rising manufacturing volumes in highly populated countries, including India, Indonesia, Pakistan and Bangladesh, which offer ample supplies of labor, will help it continue to grow.

Zhang also sees opportunities being created by China's strategy of developing the Silk Road Economic Belt and 21st Century Maritime Silk Road, which he said will have a significant impact on the economies of related countries.

"We will be paying close attention to those markets. Our future growth in overseas markets should exceed 15 percent," said Zhang.

Su Dongping also said China's plastics machinery sector is poised to benefit from the ongoing national initiative of encouraging overseas expansion by Chinese manufacturers, a policy underlined again at the start of the year by the State Council.

He Hezhi, a professor with the School of Mechanical and Automotive Engineering of the South China University of Technology, said the standard of China-made whole sets of injection molding and die casting machines sits around the middle in international rankings, but some of the technology coming out of its factories are considered state of the art.

According to Zhang, Yizumi will continue to step up its overseas marketing efforts, grow its service network, and create innovative products targeted at specific global markets.

Overseas expansion, he said, has become all the more important as China's economy adapts to the "new normal" condition of slower and sustainable growth.

He said the national plan "Made in China 2025", for upgrading the manufacturing sector, will help in expanding the development of the machinery industry.

He Hezhi, too, said the plan will boost the machinery sector by focusing manufacturers on developing better levels of automation, and by embracing Internet-powered operations.

Zhang said that he is hoping for growth especially from the medical apparatus, telecommunications and packaging sectors, both at home and overseas. Yizumi is planning to allocate more resources to those products.

It will unveil a new industrial robot subsidiary this year, after it launched one for packaging machines last year, he said.

With the company's financing costs cut after it listed on ChiNext, Yizumi's capacity will double to 10,000 sets of equipment this year, helped by the completion of a new site in Wujiang, Jiangsu province, he said.

The company sold about 4,500 sets of injection molding and die casting machines, and more than 150 sets of rubber injection machines last year.

Wang Zijia contributed to this story.

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