NINGBO, CHINA (Nov. 6, 12:15 p.m. ET) — Hoping to take advantage of China’s growing local market for wood-plastic composite decking and other products, a startup Chinese manufacturer has invested 90 million Chinese yuan ($14.3 million) in a new extrusion factory in Ningbo.
In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.
Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.