Hong Kong Foundries Forced by Multinational Buyers to Relocate Production from China to Southeast Asia and North America.

It is recently learned from multiple Hong Kong foundries that under pressure from US buyers to move production overseas, otherwise risk losing continued orders, many Hong Kong enterprises have no choice but to plan relocating to Southeast Asia and Mexico.

Liang Shiyi, Chairman of the Hong Kong Foundry Association, said due to US political interference, some American buyers require foundries in China to relocate to other countries, otherwise they will cancel subsequent orders. Many of her downstream customers export to the US, forced with no choice. But after all, businesses need to survive. The Hong Kong Foundry Association plans to organize member enterprises to visit Southeast Asian countries this summer to understand local investment environments.