Lisbon, Portugal, 16 Dec – The two main mold manufacturing associations in Portugal (Cefamol) and China (CDMIA) have set up a partnership to encourage investments and cooperation between sector companies in both countries, Cefamol announced Friday.
The protocol, signed last week, aims “to develop a closer relationship between the two countries, improving research and knowledge about the Chinese market, promoting relations and business and cooperation projects between companies and bodies,” in the sector, the secretary-general of Cefamol, Manuel Oliveira told Macauhub.
Portugal is one of the largest manufacturers in the world of precision molding for the plastics industry, exporting around 90 percent of its production, mainly to European countries.
Cefamol, Oliveira said, “has, over the last few years been promoting activities in the Chinese market with the aim of gathering and providing information about the potential of the Chinese market for Portuguese companies.”
Greater business and institutional ties Oliveira said would, “allow Portuguese companies to gather information and contacts that make it easier to define or design a strategy for dealing with this market, where we believe there is potential for expansion of exports, investment and/or development of partnerships with national molding companies.”
In October this year, Cefamol organized a business mission to China, in which the association took part in the China Die and Mould Industry Association (CDMIA) annual conference and visited molding and special tool making companies on the outskirts of Beijing and in the regions of Tianjin and Dalian.
According to the Portuguese association, turnover of companies in the sector in 2004 totaled 372 million euros.
The agreement between Cefamol and the CDMIA was signed when China’s prime minister Wen Jiabao made an official visit to Portugal last week. (macauhub)