Novelty Impex recently participated in PTC Asia 2015 at Shanghai International Expo Center, the only Indian manufacturing company at the event. The 4-day exhibition from 27 to 30th October 2015 attracted more than 2000 exhibitors and 1,00,000 visitors from around the globe.

Novelty Impex is manufacturer of Hydraulic and Pneumatic Sealing Solutions in all elastomers for the last 25 years in India. Backed with solid R&D efforts and awareness of the market requirement of polyester guide strips, the company has been successful in its ‘Make in India’ mission. It launched these products in China and received positive response with lots of orders and enthusiasm from companies wishing to be authorised business partners for different regions of China and also other countries across the world.

According to China Hydraulics & Pneumatics & Seals Association (CHPSA), a national organisation charged with and supervised by the state-owned Assets Supervision and Administration Commission of the State Council in China, the output value of Hydraulics, Pneumatics and Seals is RMB 91.3 billion in 2013, with a 8.2% increase year on year. Among them:

*Hydraulics industry (including hydro-dynamics industry): RMB 48.9 billion, rising by 5.0% year on year

*Pneumatics industry: RMB 18.0 billion, rising by 8.5% year on year; and

*Seals industry: RMB 24.5 billion, rising by 15.0% year on year.

The total market value of the segment is RMB 101.8 billion in 2013, with a 4.3% increase year on year. Among them:

*Hydraulics (including hydro-dynamics products) industry: RMB 57.1 billion, maintaining fairly flat year on year

*Pneumatics industry: RMB 20.0 billion, rising by 5.4% year on year; and

*Seals industry: RMB 24.7 billion, rising by 15.5% year on year.

(Reference website: http://www.chpsa.org.cn/English )