Yizumi is molding a great future overseas

Machine maker has big plans to expand into key foreign markets after moving into India, reports Li Wenfang in Foshan, Guangdong.

Guangdong Yizumi Precision Machinery Co, one of China's largest injection molding and die casting machine makers, hopes to finalize the site location for its first manufacturing facility in India this year, a key component of its planned expansion overseas.

Deputy General Manager Zhang Tao said the Indian site will allow the company to access the country's growing injection molding machine market, without having to pay hefty import taxes levied by the Indian authorities on China-made products to tackle dumping.