Chinese injection press maker Haitian International Holdings Ltd. said a modest recovery in China’s plastics industry last year and the release of the next generation of its molding machines pushed sales up 13.7 percent, to a record 7.2 billion Chinese yuan (US$1.17 billion).
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.