Toolots COO Raymond Cheng to Speak on Effectively Entering the Global Manufacturing Market at FABTECH 2016

At Las Vegas convention, Cheng will address how U.S. metalworking and fabrication equipment manufacturers can overcome the challenges of selling to China and achieve cross-border success

CERRITOS, Calif. - July 19, 2016 - Toolots, Inc. (Toolots), a California-based company that provides factory-direct industrial equipment, tools and technology to domestic and international manufacturers, announces its Chief Operating Officer, Raymond Cheng, will present a session entitled "How U.S. Manufacturers Can Overcome Challenges of Expanding into China Markets" at FABTECH 2016. Scheduled for 11:30 a.m. to 12:30 p.m. on Wednesday, Nov. 16, 2016 at the Las Vegas Convention Center, Cheng's session will cover how American metalworking and fabrication equipment manufacturers can succeed despite the challenges — perceived and real - of global commerce and effectively expand into the Chinese market, thereby increasing U.S. exports.

FABTECH is North America's largest metal forming, fabricating, welding and finishing event. FABTECH 2016 will bring together 1,300 exhibitors and nearly 30,000 attendees on Nov. 16-18, 2016, to meet and see the latest industry products and developments. The event is co-sponsored by the Fabricators and Manufacturers Association (FMA), SME, the Precision Metalforming Association and other North American industry associations.
"Some American manufacturers are hesitant to dive headfirst into the overseas market due to perceived challenges in logistics, administrative requirements and intellectual property protection," Cheng said. "Toolots looks forward to the opportunity to educate our peers in the industrial manufacturing industry about the realities of cross-border commerce, and discuss how companies can make the jump right now while maintaining their bottom lines and quality assurance."
Toolots provides an e-commerce platform for manufacturers in the United States to take advantage of the growing demand overseas for quality, American-made manufacturing technology and components in countries like China. The company, which owns warehouses in mainland China, Taiwan, Hong Kong and the United States, also helps link businesses from around the world, streamlining their supply chain and retaining more of their profits by simplifying logistics, and providing after-sale services like warranty protection, repairs and more.
The California-based company will delve deeper into topics of navigating the complexities of international trade and simplifying global commerce at its Inaugural Manufacturing Exchange Summit at its new 114,000-square-foot warehouse in Cerritos, California, on Aug. 29 - 31, 2016. The summit will feature panel discussions from key players in international relations and manufacturing, including Chinese and American government officials, U.S.-based manufacturers and manufacturing association representatives. Any businesses, individuals, groups or trade associations interested in attending the free event can RSVP by sending an email to summit@toolots.com.
About Toolots
Toolots, headquartered in Cerritos, California, offers an online marketplace and international distribution channel for factory-direct industrial tools, machines and technology. The easy-to-use platform creates fast, easy access to high-quality, affordable equipment for manufacturers around the world. Toolots' comprehensive services streamline the purchase, delivery, installation and warranty of industrial tools, machinery and technology, and uphold the quality of imported goods through a thoroughly vetted network of vendors and service technicians. The company's dedication to fostering international trade relations passes cost savings on to the consumer, resulting in reduced downtime, improved productivity and an expanded workforce. For more information, visit www.toolots.com.

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