China's mold industry industry structure is becoming more and more reasonable
In recent years, China's mold industry has undergone significant institutional reforms and structural adjustments, leading to a more rational and efficient industrial layout. This transformation is evident in two major areas.
Firstly, an increasing number of foreign companies have recognized the vast potential of the Chinese mold market and have entered it rapidly. Renowned international firms specializing in automotive molds and injection molds have established themselves in China with remarkable speed. For instance, Toyota from Japan set up a factory in Tianjin, completing the planning, construction, and production within less than a year. Similarly, U.S.-based SEKELY, a major stamping die manufacturer in North America, opened a facility in Shanghai in 2006. Magna, another North American company, built a large-scale stamping factory at the Tianjin airport in the same year. In southern regions like Guangdong and Shenzhen, there are numerous enterprises backed by Hong Kong, Taiwanese, and foreign capital. These areas now account for the highest total mold sales in China. Foreign investments not only inject capital into the local market but also bring advanced technology, modern equipment, and efficient management practices.
Moreover, the growth of private mold companies has become a key driver of structural change in the industry. Private enterprises now hold a dominant position in the market. A few years ago, when people thought of auto mold companies, they often referred to state-owned giants like FAW, Chery, and Dongfeng. However, this trend has shifted. More private mold companies are emerging and making their mark. These firms are proactive, keeping pace with global advancements and following the trends set by international leaders. This has triggered a new wave of development in the Chinese mold sector. Many of these private companies are adept at learning from the industry’s past experiences, extracting valuable insights, and integrating them into their own strategies. Their flexible financial management allows them to respond quickly to market demands, often outperforming state-owned counterparts. Additionally, private enterprises place strong emphasis on brand building, information technology, and international expansion, striving for specialized and high-quality mold production.
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