Meeting Rising Asian Market Demands, Tongxing Technology to Introduce Full Range of CNC Machinery At ISLE 2019
GUANGZHOU, China, March 1, 2019 /PRNewswire/ — Robust economic growth in Southeast and South Asian countries isreflected in the growing number of registered buyers attending the 2019 International Signs and LED Exhibition (ISLE 2019), which is set to take place from March 3 to 6 at the Canton Fair Complex in Guangzhou, China. ASEAN and South Asian buyers accounted for 29% and 9.6% of total overseas buyers to ISLE 2018, and organizers expect the figure to rise again this year.
The economies of countries like Vietnam, Bangladesh and India have performed well of late thanks to rising manufacturing sector exports, strong government and private consumption, as well as rising foreign direct investment (FDI) inflows. A UN report estimated that South Asian regional GDP would expand by 5.4% in 2019 and 5.9% in 2020, while ASEAN-wide growth would be 4.8% in 2019 and 4.8% in 2020.
“We talked with hundreds of buyers from ASEAN and South Asia at ISLE 2018, especially Vietnam, Bangladesh and India,” commented Luo Qun, General Manager of Tongxing Technology, a leading CNC machinery manufacturer in China. “We are going to present our entire range of CNC machinery at ISLE 2019, including our latest model fiber laser cutting machine and advertising full function CNC router, which can produce high-quality surface finish objects. There are a wide array of applications for our machines, such as within the garment, advertising, and kitchen equipment industries, for tasks like stone engraving, woodworking, metal processing, and acrylic cutting, all of which are expanding in ASEAN and South Asian countries. Eastern Europe and Western Europe markets currently account for the biggest chunk in our exports, but Asian markets are sure to come up fast, and we are fully prepared.”
About ISLE
International Signs & LED Exhibition (ISLE) is a premium business platform for the signs and LED industry, held every year in Guangdong province, China. With the biggest exhibition area in Asia, ISLE has expanded to over 100,000 sqm, with 1,800+ exhibitors. A series of display technology & signs application workshops and seminars are also held during ISLE.
About Tongxing Technology
Established in 1992 and headquartered in Hefei City, Tongxing Technology Development Co., Ltd. (Tongxing Technology) is a leading CNC machinery manufacturer in China. It boasts a 230,000 sqm factory, the biggest production facility in China for CNC machinery, and exports to over 120 countries and regions with an annual output value of over US$ 500 million and export value over US$ 10 million.
