Core Insights - The 6th Qingdao Multinationals Summit highlighted Qingdao's commitment to creating a first-class business environment for multinational companies [1] - IBARMIA, a Spanish CNC machine tool manufacturer, chose Qingdao due to its strong manufacturing ecosystem and high-end equipment demand [2] - The collaboration between IBARMIA and Modig Machine Tool exemplifies a successful model of European R&D combined with Chinese manufacturing [3] Company Insights - IBARMIA's operations in Qingdao validate its strategic decision, emphasizing the city's understanding of high-end manufacturing [3] - The confidence to expand production in Qingdao is attributed to the supportive business environment and efficient government policies [4] - IBARMIA envisions Qingdao as a key production base and strategic entry point into the Asian market, reflecting a broader trend of cross-continental industrial collaboration [4]