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The development of mold industry in China

After China’s entering into WTO,the full opening of the domestic markets, including the plastic industry, enables most molding facing more challenges and business opportunities. Lower cost and better quality would be the first reason for overseas enterprises to choose local Chinese mold companies as suppliers. However, many expertises still considered the mold industry in China was not fully developed, there are four main weaknesses. 

Small in scale
Low in technology
Narrow scopes 
Lack of guidelines and motivation

Therefore, if we want to make a great progress in mold development, we need to enhance the plastic manufacturing technology and modernize our production process. In order to achieve this goals, we need to take the following measures:  

Firstly, we would strengthen cooperation with peer companies in both research and development in order to achieve synergy in cost saving. 

Secondly, we need to speed up the application of information technology. The ERP system will remarkably enhance the production efficiency in molding enterprises, which will make them more competitive in the rapid changing market and create favorable condition to control mass production.
 
Thirdly, we need to strengthen the collaboration among suppliers. There are many small and medium size plastic companies in China, we will maximize their expertise and capabilities to order to achieve high quality products at minimal cost.  

Fourthly, the Die & Molding Association should play a more active role in China by issuing standards and guidelines to its fellow members in order to cope with the latest technology and requirements overseas.
 
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