BRICS Cooperation: Guangdong company optimistic for future
Updated 17:17, 29-Jul-2018
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02:16
One company in Guangdong province has already gotten its foot in the door as China deepens its cooperation with BRICS countries, supplying high-end equipment to factories in Brazil and India. CGTN's Cui Hui'ao reports.
Zhang Chenxing is the CEO of CYG Intelligent Automation in Zhuhai, Guangdong province, which specializes in intelligent equipment manufacturing. Zhang joined the company in 2011 and the 34-year-old says he started thinking about the concept of the fourth industrial revolution a few years ago.
ZHANG CHENXING, CEO CYG INTELLIGENT AUTOMATION CO.,LTD "I had this business trip to Korea and America in 2014, which made me realize there was a huge gap in terms of manufacturing level between China and these developed countries. At that time I thought automation would be the area of competition in the future."
It was at that time the company started investing heavily in scientific research on intelligent manufacturing, putting in hundreds of millions of RMB a year. After years of efforts, the investment seems to have paid off. Now the company produces some of the most advanced intelligent equipment, selling them to clients in Europe and America.
Meanwhile, Zhang has also turned his eyes to the markets in the BRICS countries, including Brazil and India.
ZHANG CHENXING, CEO CYG INTELLIGENT AUTOMATION CO.,LTD "Around two years ago large scale corporations like Foxconn and Pegatronics started shifting their production to emerging markets like Brazil, and I saw an opportunity in that. Now we have some projects there, mainly supplying our automation equipment to those factories."
Zhang says his company's projects in the BRICS countries are worth millions of RMB. He says that demographic dividends in those countries will eventually disappear, as people there aspire for higher-skilled jobs. That means smart technology and fully-automated production will take the lead in the coming decades. Zhang is now seeking more partners in the BRICS countries, hoping to capitalize on the opportunities presented by the fourth industrial revolution. Cui Hui'ao, CGTN, Zhuhai, Guangdong Province.