DONGGUAN, CHINA (Nov. 20, 1:40 p.m. ET)— Japanese injection press maker Nissei Plastic Industrial Co. Ltd. plans to increase its investment in China, building a second manufacturing plant there to make larger-sized molding machines.
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.