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.
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.
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.