HAIZOL's Partner Factories Expand into Southeast Asia for 2020
Shanghai based on demand manufacturing marketplace Haizol has officially began its planned Southeast Asia expansion. As part of the company's global expansion plan, which started with expansion into North America, followed by Europe in 2017, the company is expanding their manufacturing capabilities to Southeast Asia, focused on countries such as Vietnam and Thailand.
SHANGHAI, Dec. 6, 2019 /PRNewswire-PRWeb/ -- Current industry trends are moving toward Southeast Asia manufacturing as a solution to lower cost production and increase manufacturing capabilities in these countries. The company's manufacturing marketplace has witnessed a growing demand for more suppliers in these geographical locations, therefore this strategy allows Haizol to cater to these requirements, whilst maintaining their competitive edge and place at the forefront of the online sourcing industry.
Evan, head of R&D at Haizol, states, "Bringing new suppliers and more diverse manufacturing capabilities to our platform is an important stage in our global expansion plan. Having a wider global network brings more options to our customers, enabling us to fulfil more of their needs. It brings us a greater competitive advantage as we expand across new geographies and manufacturing technologies."
Currently, OEM buyers worldwide can visit Haizol's online sourcing marketplace, release RFQ's for projects, and be quickly and accurately matched with relevant supplies to manufacture their machine parts. Haizol are excited to leverage global manufacturing expertise from other manufacturing enterprises. They welcome the vast opportunities and benefits associated with expanding their supplier base. This expansion will enable new additional manufacturing capabilities and more complex custom processes to be achieved for customers.
Since Haizol launched in 2015, it has raised over $200 million in investment to expand its operations. Currently, Haizol employs over 300 people, an increase of over 250 workers in the past four years. Through its partner manufacturing facilities, the platform offers CNC machining, injection moulding, casting, fabrication, stamping, and more. By establishing partners in Southeast Asia, Haizol will fast-track international expansion into 5 new countries, leveraging a worldwide network of over half a million manufacturers.
About HAIZOL
Headquartered in Shanghai, HAIZOL was initially funded by the Haier Group of Companies, a market share leader for major appliances and consumer electronics. HAIZOL is one of the largest online OEM manufacturers in the world, specializing in CNC Machining, Die Casting, Injection Moulding, Casting, Mold Making, Fabrication, and Metal Stamping. Follow them on LinkedIn today to keep up with the latest news.
SOURCE Haizol
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