MachineTools.com opens three international offices
April 26--MachineTools.com, a business-to-business online marketplace for the machine tool industry, announced the opening of international offices in Yancheng, China, Chennai, India; and Monterrey, Mexico. The offices will serve these emerging markets and expand the business' presence in the international marketplace.
It offers the following statistics:
--The 2007 World Machine Tool Output & Consumption Survey reported one out of five machine tools produced in 2004 went to a Chinese factory while the US Department of Commerce reported in 2006 the import of US metal cutting tools to China increased by 20.6 percent and metal forming machine tools increased by 40.26 percent
--The Indian Machine Tool Manufacturers Association report in 2004 more than 12,000 machine tools were imported, making it the largest import ever to the Indian market
--The 2007 World Machine Tool Output & Consumption Survey also reported Mexico imports more than 90 percent of its consumption of machine tools.
In addition to the multiple languages already available on MachineTools.com, the expansion will place knowledgeable employees in each location to execute the proven model and to keep a pulse on the needs of each individual market.