Homag Looks to Double Woodworking Machinery Sales in China
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Homag Looks to Double Woodworking Machinery Sales in ChinaSCHOPFLOCH, GERMANY -- Homag Group AG is investing more than $7 million in its Shanghai, China, operation with the goal of doubling sales of woodworking machinery to Chinese manufacturers.

Homag CEO Markus Filk told Handelsblatt that he sees China's rising wages as an opportunity to sell woodworking technology to replace hand labor over the coming years.

Homag China, which has a manufacturing facility, reportedly sells about $76 million in woodworking equipment in China each year.

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