Ningbo

Toolots has announced its 2nd Annual US-China Manufacturing Exchange Summit will take place Sept. 24-26, 2017 at the historic Grand Pacific Hotel in Yuyao, China.

Join Medical Device Manufacturers, Trade Associations, Government Officials and More in Yuyao, China

CERRITOS, Calif. – July 3, 2017 –With the 2nd Annual US-China Manufacturing Exchange Summit, Toolots, Inc. continues to cultivate fruitful relationships between American and Chinese advanced manufacturing communities. Hosted by the China Chamber of Commerce for Import & Export of Medicines & Health Products (CCCHMPIE) and the Sino-Italy Ningbo Eco Park, involving high-level industry professionals, regulators and government officials, the Summit provides a platform to accelerate international expansion and expand your global network. Take advantage of this rare opportunity to experience China, learning first-hand what it takes to effectively sell innovative medical devices, health-related products and more on the Asian marketplace, directly from venture capitalists, investors, and executives who take advantage of a unified cross-border strategy to succeed globally.

The 2nd Annual US-China Manufacturing Exchange Summit, centering on the medical device industry and related regulations, logistics and more, will take place Sept. 24-26, 2017, as part of Toolots’ yearly initiative to promote improved relations between both countries and simplify global commerce within the advanced manufacturing community. The event will be hosted at the historic Grand Pacific Hotel in Yuyao, China, part of the eastern Zhejiang Province close to the busiest port in the world, based on shipping volumes, the Ningbo Zhoushan Port.

Some participating companies in the medical device and health product industry include China MEHECO Corporation, Shanghai Medicines & Health Products Import & Export Co., Zhejiang Medicines & Health Products Import & Export Co., Tianjin Medicines & Health Products Import & Export Co., Jiangsu High Hope International Group, China National Scientific Instruments and Materials Corporation.  In addition to a host of large, influential Chinese companies, Toolots and its partners have arranged for a significant presence of venture capitalist firms interested in investing in innovative American companies and products. Some of the principal firms attending the Summit include Sequoia Capital, Cybernaut, Histtone Capital, Hill House Capital, TusPark Ventures and Yangming Capital.

Panel discussions on how to succeed in the global marketplace, protecting intellectual property, and industry developments, among other topics, will help to inform attendees from the U.S. and China, and serve as an educational tool to guide their businesses and organizations. Scheduled discussions will involve officials from the Ministry of Commerce of the People’s Republic of China, the China Chamber of Commerce for Import & Export of Medicines & Health Products, a wide range of executives from both U.S. and China-based medical device companies, and others.

Attendees have the rare opportunity to connect directly with authorities and other professionals in China who can provide logistical or capital assistance, whether you are seeking to register a medical device or other innovative health product, or wish to expand your business operations and network. Space is limited to 30 medical device companies in total, so secure your place today. To sign up, please register via our Eventbrite page here or send us an email at summit@toolots.com. To stay up to date with the latest event information, be sure to visit http://www.toolots.com/summit2017.

Benefits:

• Enjoy personalized matchmaking of U.S and Chinese manufacturers for more meaningful and productive networking.

• Roundtable dialogues between international trade experts, manufacturers, and government leaders will help inform and guide real-world business decisions.

• Tour advanced manufacturing facilities in Ningbo, an industrial stronghold, to see first-hand what China and its industrial capabilities are truly like.

Co-Hosts:

The China Chamber of Commerce for Import & Export of Medicines & Health Products is the leading national trade association in China, aiming to improve international trade and relationships within the biomedical and healthcare industries. With over 2,400 companies in the association, including major manufacturers in the pharmaceutical and medical product sectors, the CCCMHPIE has the most extensive network of any organization in the industry. As a guest at the Summit, you will have an incredible opportunity to connect with these industry professionals who routinely market and sell the products you, as a US-based manufacturer, develop and distribute.

The Sino-Italy Ningbo Eco Park, a collaborative effort between the Chinese and Italian governments for a new industrial development focusing on advanced manufacturing, is planning for a new 18-square-mile manufacturing district, a residential/commercial district and an ecological park to guide sustainable industrialization. The goal is for the area to become a hub for innovative research and development involving cooperation between Chinese, American, and European companies.

Panels will be held on topics including:

•         Protecting Intellectual Property Rights
•         Land, Labor and Capital in China
•         Navigating Customs and Globalized Logistics
•         Effective Marketing and Sales in China

What: 2nd Annual US-China Manufacturing Exchange Summit

When: Sept. 24-26, 2017

Where: Grand Pacific Hotel, 168 S Binjiang Rd, Yuyao, Zhejiang, China, 315400

To sign up for Toolots' free webinar for manufacturers on May 19, please RSVP via email to cfoy@toolots.com

Toolots engineers install a robotic device on a plastic injection molding machine to greatly speed up production.

CERRITOS, Calif. – May 15, 2017 – Toolots, Inc., a Southern California-based online marketplace for the latest industrial equipment, machinery and technology, invites interested biomedical and advanced manufacturing companies to join a no-cost educational webinar on the market conditions and outlook for original American products in mainland China. The webinar takes place Friday, May 19 at 1 p.m.

As the company’s US-China Medical Device Summit approaches, taking place June 28-30, in Ningbo, China, the Cerritos-based company invites any interested firms, executives and representatives to participate in the second webinar in the series. Attendees will discover on the ground conditions in China, and learn how the online marketplace and the comprehensive services offered to Toolots partners can give companies a leg up in the market for innovative medical products. During the seminar, you will learn about the growing demand for US-manufactured medical devices, how much more Chinese customers are willing to pay for foreign-made health products, devices and advanced technology, and hear how your company can gain by attending the US-China Medical Device Summit next month.

The US-China Medical Device Summit will be hosted by the leading national trade association in China for medical devices and biomedical products, and is co-hosted by Toolots. Toolots invites your participation Friday in our no-cost online seminar to learn more. To sign up for the webinar or for additional information, please contact Toolots Director of Public Affairs Chris Foy at cfoy@toolots.com. Private consultations are also available to explore how Toolots can help your company break into the lucrative Chinese market and elsewhere in the region, where Toolots has a growing international footprint.

CERRITOS, Calif. – May 1, 2017 – With the guidance of Toolots, China’s second-largest manufacturer of plastic injection molding machines has developed a new brand of industrial equipment specifically for the U.S. manufacturing market. Haida, through its new brand Himalia for American customers, has begun manufacturing modern plastic injection molding machines built to U.S. specifications, voltage and other requirements. Machines are also custom-built at their state-of-the-art manufacturing facilities in China, where more than 400 employees work to produce quality machinery to meet increasing global demand.

Toolots has helped develop Haida's new brand, cross-border strategy and its products for the U.S. market from the very beginning, and Haida executives said during a recent site visit they are optimistic about the future.

Haida is the second-largest manufacturer of plastic injection molding machines in China.

Before partnering with Toolots in July 2016, Haida had limited international sales outside of Asia, the Middle East and Africa, according to Sean Xiao, Haida’s foreign trade executive. The U.S. market always caught their eye, he said, but it would have been expensive modifying existing models to match American specifications.

“How would we get the customers, and second, how would we provide after-sales service? These are two points that stopped us from getting into the U.S. market. And you solved this problem for us,” Xiao said.

Toolots engineers, based in Cerritos at the company’s headquarters, are currently training on Haida’s latest machines at their Ningbo factory to develop extensive product knowledge – all to provide better after-sales service and machine maintenance to American customers. Haida unveiled a new robotic system that nearly doubles production speed using their machines, according to Xiao, and is training Toolots engineers on the technology.

A member of the California-based Toolots engineering team builds and trains on a robotic device that greatly improves production speed to better serve U.S. customers.

Toolots helped Haida establish its legal, registered entity in the U.S., Himalia, and assists with ongoing branding and marketing efforts. The Toolots public relations/marketing and graphic design teams developed Himalia’s brand and provide critical market research data that guides Himalia in providing machinery that is in greatest demand domestically, and important specifications to match various state voltage requirements.

The Toolots team toured one of Haida's sprawling, modern factories during a recent visit to eastern China. Its cross-border business development and public relations/marketing team, headed by Toolots Director of Global Commerce Services Grant Montgomery and Director of Public Affairs Chris Foy on the U.S. side, and Product Manager Tony Chen with Toolots China, examined each step of Haida manufacturing process. The Toolots team met with Xiao in Ningbo to discuss future output and the impact of increased cooperation between China and the U.S. to provide highly engineered machinery at competitive prices.

“When we started our international trade, the U.S. was not our focus because if we sold there, we’d have had to change a lot out of the machines; it would take a lot of time and be very expensive to do that,” Xiao said. “With this new thinking (and partnership with Toolots), we are taking this time to develop another standalone machine, and we will be able to sell more machines.”

In late 2016, Toolots Chief Executive Officer and Founder Jason Fu signed an agreement with Haida's chief executive Jiang Zhongding to partner with the company, the second-largest manufacturer of plastic injection molding machines in China, to enter the U.S. market. Before partnering with Toolots, Haida’s product reach included Southeast and Central Asia, South America and 10 other countries, but the company saw an opportunity in expanding foreign sales. Haida's chief executive pointed out during the July 2016 signing ceremony that cooperation is essential to expand not only the international influence and reach of industrial manufacturing enterprises, but also to help solve the traditional manufacturing industry’s lack of effective online sales.

The agreement with Toolots was the first of its kind entered by Haida, according to Zhongding. Haida is utilizing Toolots as a complete warehousing logistics solution for fulfillment, after-sales machinery maintenance provider, and Toolots works directly with U.S. customers to sell, market, distribute and service Haida and Himalia’s plastic injection molding machines.

Haida Foreign Trade Executive Sean Xiao discusses how the company's machines can create finished products like this one, faster than competing companies.

As the product development and engineering processes at Haida wrap up and, both companies are training and testing the machinery to ensure American customers have the best possible experience with the industrial manufacturing equipment. Feedback from U.S. manufacturers will guide future efforts, and Toolots’ engineering team can provide service nationwide to ensure machinery is up and running.

“We feel it’s a great opportunity, this partnership with Toolots. In the future, I think we will have a lot of work,” Xiao said.

About Toolots

Toolots, headquartered in Cerritos, California, offers an online marketplace and international distribution channel for factory-direct industrial tools, machinery, and technology. The user-friendly platform provides fast, easy access to high-quality, affordable equipment to manufacturers. Toolots provides comprehensive services for companies around the world who produce industrial machinery and equipment, helping streamline the marketing, omni-channel sales, warehousing, fulfillment and after-sales service. On the customer end, Toolots simplifies the purchase, delivery, installation and warranty of industrial technology, machinery and components, and upholds product quality through a vetted network of vendors and service technicians. The company’s dedication to fostering international trade relations passes on cost savings to the consumer, contributes to reduced downtime, improves productivity and expands a manufacturer’s reach. Toolots has strategically located warehouses, showrooms, and offices across the United States, China and as of May 2017, has expanded into Taiwan. For more information visit us online at www.toolots.com.

Konger, based in Ningbo, China, manufacturers highly engineered machines

NINGBO, China – April 18, 2017 – Toolots, Inc. leadership and its business development and public affairs team visited with the operators of a manufacturing facility in China that produces highly innovative plastic injection molding machines - all made using the finest Austrian-built components. The meeting with Konger, based in the city of Ningbo, was part of an ongoing trade mission to eastern China to connect with new potential suppliers of industrial products to the American manufacturing market.

Toolots China Chief Operating Officer Mason Wang, Toolots US COO Raymond Cheng and Jerry Qi, Konger General Manager, discuss the company's latest machinery

Konger produces a wide range of lines of plastic injection molding machines. Their signature machine, part of the Konger Chameleon series, has the ability to mix two to three different colors in endless combinations and its injection technology reduces deferment within the mold itself, lending to much longer mold lifespan.

The high-tech factory has the capability to produce about 50 to 60 new machines per month, said Konger North America Sales Director Lawrence Song, adding that demand for these products is high; their customers come from all over the world, from the United States to Malaysia. Konger General Manager Jerry Qi said that he would put his machines up against any competitors, confident in their state-of-the-art technology and the highly engineered components within the injection system.

Konger GM Jerry Qi explains what sets his plastic injection molding machines apart from the competition

“Our specialty is producing machines using the latest technology designed in Austria,” Song said during the meeting, before taking Toolots through their production facility in the outskirts of Ningbo. The Chameleon Series, Song said, “mixes two or three colors so that each plastic product comes out in uniform size and shape,” but when complete each item comes out with a unique look unlike the others.

Toolots Plastic Injection Molding Engineer Gary Krause explains the function of a Konger machine

Toolots US Chief Operating Officer Raymond Cheng, Toolots China Chief Operating Officer Mason Wang, Director of Global Commerce Services Grant Montgomery, Plastic Injection Molding Machine Engineer Gary Krause, Product Manager Tony Chen and Director of Public Affairs Chris Foy attended the meeting, as well as other representatives from the Ningbo-based manufacturer. Konger is considering joining the Toolots online marketplace to specifically reach the American manufacturing consumer, providing quality machines at competitive prices using the latest European-engineered technology.

Toolots toured the company's manufacturing facility, inspecting each stage of the manufacturing process for a wide range of machines. Konger machines are capable of producing plastic products of all types and sizes, from handles for disposable razors that blend two-to-three colors to cups of various thickness and much more. As part of the company’s comprehensive testing process, machines are run dry through a transformer prior to packing to ensure operation is at peak levels.

Toolots continues to meet with industrial manufacturers during its trade mission to China, and will have additional announcements in the coming days about additions to the California-based online marketplace’s expanding product line.

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The Toolots Inc. cross-border business development and public affairs team recently visited Haida Manufacturing's plastic injection molding machine factory  in Ningbo, China. Toolots is helping the state-of-the-art company develop a brand specifically for U.S. manufacturers customized to American specifications, introducing them to consumers later this year.

Haida showcased a robotic arm Tuesday that more than doubles the speed of the plastic injection molding process, reduces downtime and removes the need to pull each completed product from the mold by hand. The Toolots engineering team, based in California, traveled to China to train on the robotic arm and Haida's latest plastic injection molding machines to better serve the United States manufacturing industry.

Toolots provides industrial equipment, technology and tools to support global manufacturing. The company has a growing presence in the U.S. and Asia, and manufacturers on both sides of the Pacific use the Toolots online marketplace to sell their innovative, reliable and competitively priced equipment to industrial customers from around the world.

Haida Foreign Trade Executive Sean Xiao and Toolots Director of Commerce Services Grant Montgomery examine some of Haida's largest plastic injection molding machines

Stay tuned for more updates from our ongoing trade mission to China to establish connections with new suppliers of innovative, quality industrial equipment to support U.S. manufacturing.