The booming automotive industry in Asia

Global sales of new cars mounted to 2.6 cars per second in 2013. With a worldwide growth rate of 4.3% in the automotive industry over last year, the epicenter for manufacturing has now moved to Asia. CML's Theo Langer, VP Sales Asia says: "With the trend of car manufacturing shifting more towards Asia comes automatically the boom of the aftermarket parts business. This segment needs a tremendous amount of PCBs, too. The aftermarket turnover for electronics in China is forecasted for 2014 at a level of USD 3.2 billion. The growth rates over the last few years was in the order of 20%. Aftermarket parts is a large sub segment of the automotive market and CML will gear its services for this customer base, too. Theo Langer concluded: "For the shifting center of the automotive industry from the Western world to Asia, CML is well prepared with a team of automotive experts in Hong Kong, Shenzhen and Indonesia.”