Southeast Asian countries have been and continue to be prime candidates for factory locations because of the mix of low location costs, high specialised skills and relatively free trade access to Western markets. Measured by productivity-adjusted wage rates, ASEAN countries such as Indonesia, Malaysia, the Philippines, Singapore and Thailand are among the most competitive countries in the world.
The Southeast Asian economies, especially the ASEAN-5 (Indonesia, Malaysia, the Philippines, Singapore and Thailand), pursue an outward-oriented, export-driven and foreign direct investment-led development strategy.
This has contributed to high growth performance and structural transformation in recent years, as trade and FDI enable these economies to overcome the constraints of small domestic markets and resource bottlenecks. Great potential and investment in these countries has resulted in these markets becoming more interesting and competitive for Western companies.
We also see these strengths and are therefore in close contact with manufacturers of packaging machines from South East Asian countries, with the aim of sourcing the most suitable machines for our customers and connecting markets so that everyone benefits from the potential of a wide range of markets.