How can G.W.P. offer such low prices in comparison to European manufacturers?
G.W.P. has global procurement resources and its own manufacturing facilities in China. Currently, labor costs in China are about 90% lower than those in the West. The industrial sector and tooling in particular is now well developed in China. Global sourcing allows advantages such as lower labor costs or more work hours per period which are counterbalanced by additional costs and risks. G.W.P. is capable of producing very economically, especially in manufacturing processes that are labor and equipment-intensive. We pass on the cost advantages to our customers.
