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Unformatted text preview: casinos in Las Vegas. "We are one of the top 10 security manufacturers in the world. I would say that 15 percent of the security products in the world are from Hitron. This, of course, is just my estimation," he said. Since 2004 Hitron has attained $US 70 export prize and established China Factory in Suzhou province in 2005 for manufacturing cost competitiveness. However, growth fell dramatically from 10.66% percent in 2005 to -6.30 percent in 2006 due to Price war. According to Alan Everid, senior product manager of CCTVs at Bosch Security System Korea security equipment companies are losing out to China one. It is very clear that security equipment prices have fallen; this is putting margins under great pressure ODMs now have 40 percent while OEMs have only 20 percent. Compared with 2000, the margins back in those days were 60 to 70 percent....
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- Spring '09