Firm Confidence, Step by Step: International Company Chairman Wang Chuanming Conducts Research Visits to Argentina and Ecuador December 27, 2023

Recently, Chairman Wang Chuanming of an international company embarked on a market research tour to Argentina and Ecuador. During his visit, he engaged with local partners, Chinese enterprises, and delved into understanding product usage among end-users. Additionally, he paid a courtesy call to the Economic and Commercial Counselor's Office of the Chinese Embassy in Argentina, accompanied by key personnel from the company's Latin American division.

At the Economic and Commercial Counselor's Office, Chairman Wang and his delegation were warmly received. The Counselor commended SINOMACH's influence in Argentina's construction machinery sector and its contributions to local infrastructure development. He expressed hope for SINOMACH to become the preferred brand in Argentina. Wang Chuanming briefed the Counselor on the company's presence and market conditions in Argentina and South America, while also keenly understanding local circumstances and policy changes. He extended an invitation for the Counselor to visit their facilities in Changzhou at a suitable time for firsthand observations.

This year, the international company has achieved remarkable performance in the Argentine market, with shipments totaling 565 units, amounting to sales of 169 million RMB. Expressing his surprise at Argentina's market performance, Wang Chuanming focused discussions with partners on various aspects including prototype showcasing, spare parts availability, service quality, and human resources. He lauded the partners' innovative capacities and affirmed the collaboration, giving high praise to on-site management and personnel readiness.

Wang emphasized Argentina and Ecuador's significance within the Belt and Road Initiative. Despite global economic uncertainties, the sustained presence of the company's exports in South America signifies the region's resilience. He stressed the importance of unwavering confidence and concerted efforts, stating, "Even in challenging times, with steadfast determination and perseverance, we will certainly seize new opportunities for development."

Expressing a commitment to mutual progress and win-win cooperation, Wang reiterated the company's full support for partners' local development initiatives. Partners reciprocated by pledging to deepen cooperation with SINOMACH and actively promote comprehensive collaboration in various fields.

Furthermore, the company's team visited several key mining sites, conducting comprehensive inspections and troubleshooting on various SINOMACH equipment. Wang attentively listened to customer feedback and instructed relevant departments to devise improvement plans for products and procurement of spare parts accordingly.

During his address to the entire Latin American division, Wang emphasized the importance of responsibility and seizing opportunities amidst challenges. He urged meticulous planning for the new year, advocating for direct engagement with end-users, ensuring a solid foundation, and promptly addressing partner suggestions and concerns. The overarching goal, he emphasized, is to make SINOMACH products among the most favored in South America, thereby contributing significantly to the company's success.

Overall, Wang's visit underscored the company's unwavering commitment to its global partners, the cultivation of robust relationships, and the pursuit of sustainable growth in the South American market.