Foreign Mould Giants "Branch" China Market

The international mold giant Finland Belrose Company invested in the mold manufacturing plant that was recently put into use. The plant was built in full compliance with European and American standards, and 60 million yuan was invested in the first phase, mainly for the telecommunications, healthcare, electronics and automotive industries. Mold products, with both testing and verification capabilities.

A few days ago at the China Mould Base Industry Upgrade Forum held in Huangyan, Zhejiang Province, relevant experts reminded that the new round of battles for foreign giants to accelerate their entry into the Chinese market have been launched, and the local mold industry has become a crisis due to “congenitally deficient”. In the "close competition" with foreign molds, it is imperative for the local mold industry to accelerate the upgrading of technology brands.

Statistics from related departments show that since last year, the transfer of mold enterprises from developed countries to China has accelerated. In May of last year, Mitsui Fuji Automobile Mold Co., Ltd., which was established by Japan’s No. 3 auto mold maker Fuji Electric Industrial Co., Ltd. and Mitsui & Co., Ltd., was officially contracted to settle in Yantai, Shandong; a joint venture was established between Cole Asia and China Dongfeng Automobile Mold Company. "Wuhan Dong Mould Standard Parts Co., Ltd.", Kohl Asia Company accounted for 63% of the shares. Last July, Japan's ab company engaged in mold manufacturing for the first time and China's Taiwan region personal computer peripheral equipment manufacturers went to Shanghai to build factories, telephone mold products. Mold companies from the European Union, South Korea and Singapore have also organized groups to visit China and seek to enter the region and partners. "Mould manufacturing is the first of all manufacturing, and is known as the 'mother of industry'.

In electronics, automobiles, motors, electrical appliances, instruments, meters, home appliances, and communications products, 60 to 80 percent of parts are molded. An analysis by Dr. Wang Qin of the Institute of Industrial Economics of the Chinese Academy of Social Sciences during an exclusive interview with reporters said that the current manufacturing production base in the world is accelerating its transfer to China, and that China’s manufacturing industry is also entering the high-end upgrade development stage, and the demand for high-quality precision molds will continue to increase. As the giants of the developed countries followed the foreign investment of molds in China in the mid-1990s, the purpose was to seize the opportunities and to make our country’s local mold industry face the “closest challenge” of advanced foreign technologies and high-quality products. Domestic production space will be squeezed.