Sinmag Equipment (GreTai: 1580 TT) is Asia’s #1 bakery equipment solutions provider, with every baking machine out of five made by Sinmag, and is #6 in the world competing with Middleby, Rational AG, Manitowoc’s Convotherm/Enodis, ITW’s Vulcan-Hart/Hobart, Electrolux’s Zanussi, Dover’s Groen, Italy’s Ali Group’s Lainox/Eloma. Sinmag has an overall market share of 30% in Taiwan and 80-90% of top ten hypermarkets and 50% of bakery chains in China are Sinmag clients. Sinmag is listed in Dec 2007 in GreTai Securities Market (GTSM) exchange and has 1,407 employees.
What Makes It a Wide-Moat Business?
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