Cosmos Tooling Solution Ltd., an American-Chinese joint venture mold maker, has a problem common to many factories in China's coastal manufacturing zones: keeping good staff in a place with rapidly rising wages and a transient workforce. So it came up with a not-very-common solution. It picked up and moved its factory from Dongguan, a major mold making center with thousands of tool shops, 120 miles north to the smaller city of Shaoguan, where there are only a handful of similar firms.
U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.
Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.
Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.
GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014
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.
This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.Learn more