World Precision

World Precision: Grp was a participant in the recent China Investments 2013 Conference held in Shanghai. Grp note that very encouraging recent data confirms this as HSBC's PMI rose to a two-yr high of 51.9 in Jan. The overall Chinese metal stamping machinery market is expected to grow at a CAGR of 22% from 2010 to 2015, World Precision CEO told investors and despite recent setbacks from China’s less sluggish domestic economic growth, grp believes it was well-positioned and diverse enough to endure downturns. Strategically located near the Yangtze River Delta manufacturing hub in Jiangsu Province, grp is one of the top three integrated manufacturers of precision metal stamping machines in the PRC. With its market leadership and vertically integrated operations, WPM is a major supplier to China’s auto, home appliance and electronics sectors. Adding to the recently-released better-than-expected growth figures for the fourth quarter, China's industrial production increased to 10.3% year-on-year versus expectations of 10.2% growth.