Nowadays China definitely has been more and more important in all aspects of world. As to mold industry, covering plastic injection mold, mold making (mould making), casting mould, rubber molds, mold design, die casting and so on, China gains world's attentions again for its rapid growth and great contributions.
'At present, mold industry in Europe has been increasingly aware of the impact and pressure of mold traders in China. It is estimated that by the year of 2020, China will jump to be one of the largest mold making base in the world', exclaimed by Professor Alexander during his visit on mold manufacturing base in Ninghai, China.
According to research department related, period of design and production of a mold made in China is separately 1.44 times and 1.61 times longer than that made in Europe, while cost of design and production in China is 91 in two and a half years. According to statistics, in the past few years, molds made by western European countries as German composed 58 around from now on. Professor Alexander said happily that mold industry has a promising future in China as it has the advantage of enormous cheap labor and good momentum of economic growth overall.
'However, this doesn't mean that everything in China is perfect.' Alexander stated. As mold market in China has been prematurely involved in a mistaken idea of price war and lack of autonomous innovation ability. An honest faithful market has not been established and there are 65% European customers consider that molds made in China are cheap but of poor quality. An ideal solution for this problem is to enhance cooperation between China and Europe. European mold blocs may offer orders and drawings, while China mold manufacturers take charge of design, manufacturing and processing. Meanwhile, China may learn from advanced technology and management knowledge, so as to accelerate industrialization and improve competitive advantage of the enterprise. Take how to improve customer's satisfaction degree for example, in addition to amazing price, companies should speed up delivery time, keep high quality and establish good credit among clients. Research, design and production of a mold should be stated as clearly as possible for those customers. Every mold company may set a flagship product, enhance cooperation and promptly make reactions for customers' demands.
China is a vigorous country and its growth in mold industry will certainly help to promote the world's economy and get rid of financial crises. Let's wait for 2020, the establishment of the largest mold manufacturing base in China.
About this author:
Loui Lu is the CEO of cikmold.com. For more information on plastic injection mold, mold making, casting mould, mould making, rubber molds, plastic injection mold manufacturer, mold design, die casting
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