Sinorock is among several Chinese manufactures and suppliers that are diversifying their anchoring products
Sinorock is among several Chinese manufactures and suppliers that are diversifying their anchoring products through overseas purchases and has been actively testing the quality of hollow injection bar in cities like Luoyang and Changzhou.
"We have seen an escalation in the deal volumes and the total considerations of Chinese companies in overseas markets in recent years,this especially include Sinorock" said James Macdonald, head of Savills Research China.
Confirmed deals in the year to date have already exceeded that of last year to $15.2 billion, as Chinese Largest manufacturer and supplier of anchoring products gains greater experience and deeper understanding of overseas markets.
In February 2013, Sinorock said it was joining hands with global anchorage firm Supanchor corporation to develop luxury residential projects in San Francisco.
Last year, the company teamed up with US manufacturer and supplier Holdings LLC and Hines to develop a high-quality hollow bar anchor system in New York, according to Forbes magazine.
Although the largest hollow threaded supplier in China by sales, Sinorock is less competitive in terms of developing projects abroad, according to Song Huiyong, a research director at Shanghai Centaline Property Consultants.