Pumps C.R.I. Pumps Opens New Factory in China
C.R.I. Pumps, one of India's leading pump manufacturers, strengthens its international presence with the opening of a new foreign subsidiary company – C.R.I.'s sixth –‘C.R.I. Pumps Shanghai’, in China...
Shanghai/PR China - The New Company would be fully operational from December 2013. With the acceleration of China's industrialization and urbanization process as well as the introduction of its new water, electricity and industry related policies, as per Mcilvaine estimates the pump market in China will be worth US$8.4 billion by 2015. Around 13.5 Million units of various types of pumps are sold in a year in China for various applications and segments.
Penetration of international pump companies since many years has introduced a new dynamic to the competitive environment in the country, and the Chinese pump market is undergoing a major transition as a result. Conversely majority of Chinese customers still focus more on the pump’s initial cost than its long-term energy-savings potential. However International players having high efficiency products will be well positioned to increase their share in China when broader energy efficiency mandates which is expected to be introduced by the China Government come into force for implementation.