In the absence of strong Chinese demand for Malaysian steel products and within a poor domestic market, Malaysian crude steel output shrank by a third in 2009, with the country's mills operating at an average of just 60-70% of 2008 levels.
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In a bid to compete with the world’s leading markets - the government should allow duty free imports of heavy machinery to local industries, Senior Vice President Rawalpindi Chamber of Commerce and Industries (RCCI) Syed Ali Raza Saeed Shah said on 25 June 2010.
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For the first time in history China has overtaken Germany to take the majority share in the market for German exports of plastics and rubber machinery, according to a new report from the VDMA. China and Germany have the major shares of 23.5% and 22.5% respectively, followed by Italy (12.1%), USA (6.5%) and Japan (4.1%). |
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Taiwan machinery industry saw exports amount to US$3.452 billion in the first quarter of this year, jumping 37.4% year-on-year, according to customs-cleared statistics compiled by the Taiwan Association of Machinery Industry (TAMI). |
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Emerging markets such as China, India and Brazil are pushing a strong rebound in Taiwan’s plastics machinery sector, one of the world’s largest, as the island’s firms diversify in the wake of downturns in major developed economies. |
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