The company initially sold imported construction machinery spare parts.
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He cites petrochemicals, machinery, auto parts and some textiles as items of particular concern to Taiwan.
Besides its mining outfit, the company has an engineering division which makes machinery and foundry parts.
But it also produces substantial quantities of natural gas, industrial machinery, auto parts and timber and exports them to many different consumer markets.
Typified by short production runs of desirable machinery, with custom parts used wherever possible, these companies do not need to sell huge numbers to be successful.
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It is expected Iran will use the rupees to purchase Indian machinery, metals and automobile parts.
Brazil remains quite protectionist, especially over products such as car parts and industrial machinery.
"An aircraft carrier is an extremely complex piece of machinery with lots of moving parts, " he explained.
Rather than buy parts and the machinery to assemble them into vehicles, Chrysler will outsource 60% of the production responsibility for a new Jeep Wrangler--and many of the factory jobs--to its suppliers.
Exports of transport equipment climbed 25 percent, mainly due to rising exports of auto parts, while exports of machinery increased 18 percent.
They prevent the import of spare parts, chemicals for fertilisers and pesticides and all manner of machinery that might have some military purpose.
This trend works against U.S. toolmakers, whose expensive machinery is best suited to produce heavy-duty dies capable of stamping out millions of identical parts.
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