Day 10 was a full day of company visits. Our first company visit we went to was AMCHAM. AMCHAM, also known as The American Chamber of Commerce in Shanghai, was founded in 1915. The visit included a lecture given by a current employee of AMCHAM and a PNC employee. The PNC employee works in Shanghai and works with corporations located in China. The lecture started with giving us a background knowledge of the current economy in China. By 2030 China will account for 20% of the world’s economy. China’s economy has increased from 1.7% in 1980 to 18.76% in 2018. After the brief economic lesson, they then told us about some of the challenges with long term growth.
After the lecture, we made our way to a restaurant for lunch. The lunch was traditional Chinese food. We had some different dishes we haven’t seen before on this trip. After lunch, we drove to our next company visit for the day. The next company we visited was Horiba. Horiba is a Japanese company that makes a variety of different products. Dr. Masao Horiba is the founder of this company. Dr. Horiba’s son Atsushi Horiba is the current CEO of the company. The company focuses on five different segments. The five segments are automotive test systems, process & environmental instruments, medical diagnostic instruments, semiconductor instruments, and scientific instruments. Automotive test systems are 38% of their sales being the most popular segment. A few principal products they sell in this segment are driveline test systems, brake test systems, emission measurement systems, and transport management systems. They work with all automotive companies and government regulatory agencies. The environmental instruments they sell involve analyzing water quality and radiation meters. The company’s main focus in the medical field is hematology analyzers and immunology analyzers. Some of the products they sell for semiconductor instruments are mass flow controllers and chemical concentration monitors. Finally, some products they sell for the scientific instruments segment are pH meters, particle size distribution analyzers, and spectrometers. Japan and Asia are the top two regions where the most sales happen.
After they talked to us about the company and their main products, they took us on a tour of the facility. We got to see some of the products being built for shipment. We also got to see some of the new products being tested and watched the employees analyze the data they were receiving. After the tour, we got back on the bus and headed back to the hotel. We were given free time to explore the city for the rest of the night. I walked around the some of the malls near the hotel with some friends. We ate dinner in a Japanese restaurant in a mall. After dinner we found a Dairy Queen and got some ice cream. It was the perfect weather to explore the city tonight.