Plastics Industry News
繁體 | 简体

Front Line

Perspective

Show Supplement

Market Lookout

China in Focus

Plastics
Applications

Chemicals and Raw Material

Processing
Technologies

Product Design

Rubber and
Elastomers

Bigwig Face-to-Face

Show Express

Industry Updates

Product Supply

CPRJ
International


CPRJ Webinar Ad
Main > CPRJ eBook - China in Focus > Article Content
| Print | Submit Article |
Last Page | More | Next Page
Keywords of this article:  injection molding 
To contact the supplier/company mentioned in this article, please email to:
mediaoperation@adsale.com.hk
More suppliers
Close
automotive 
To contact the supplier/company mentioned in this article, please email to:
mediaoperation@adsale.com.hk
More suppliers
Close
CHINAPLAS 
To contact the supplier/company mentioned in this article, please email to:
mediaoperation@adsale.com.hk
More suppliers
Close
injection mold 
To contact the supplier/company mentioned in this article, please email to:
mediaoperation@adsale.com.hk
More suppliers
Close

TheChinese plastics processing industry has been experiencing “a rather difficulttime” due to the uncertainties in the global economy. It is suggested that theChinese machinery builders should put more efforts on R&D and furtherexplore the domestic and overseas markets in order to strengthen theirpositions.

Top 15 Chinese injection molding machinery manufacturers in 2019. (Sorted by main business income)
Top 15 Chinese injection molding machinery manufacturers in 2019. (Sorted by main business income)
Photo: 12

According to the statistics of China Plastics Machinery Industry Association (CPMIA), the total industrial production value and industrial sales value in 2018 for the 37 listed enterprises reached RMB 32.78 billion and RMB 31.58 billion respectively, an increase of 1.1% and -0.3% compared with the same period in 2017.

The main business income and total profit were RMB 29.34 billion and RMB 4.34 billion respectively, a year-on-year decrease of 1.4% and 0.7%. The export value was RMB 7.69 billion, a year-on-year increase of 8.6%.

However, the year of 2019 is “a rather difficult time” for Chinese plastic machinery manufacturers. From January to April 2019, China's plastic machinery industry had 447 enterprises above designated size, of which 109 were loss-making enterprises, an increase of 14.74% year-on-year.

The loss was RMB 115 million, which was higher than the loss of RMB 94 million in the same period of last year, according to the data released by CPMIA.

Su Dongping, Secretary-General of China Plastics Machinery Industry Association, pinpointed that the growing loss of the industry was mainly due to three major factors: Sino-US trade dispute, the rise of environmental protection and the decline of the automotive market.

This is a relatively difficult time,” Su Dongping stressed. “Due to the gloomy economic situation, the Chinese plastics machinery manufacturers should put more efforts on R&D.”

She mentioned that the lightweight technology for automotive is particularly important in the future because the market demand for new cars will grow when the economy recovers.

Exploring domestic and overseas markets

Despite uncertainties in the global economy, Su Dongping said there is still certain domestic demand thanks to China’s large population. “The Chinese plastics machinery manufacturers should increase their efforts to open up domestic market. At the same time, they should also extend their global footprints in the emerging markets, such as Africa, and Southeast Asia, especially India,” she said.

Haitian is one of the Chinese enterprises that expand its presence overseas. Earlier this year, Haitian Huayuan Vietnam started the construction of its second-phase plant in Vietnam to enhance its local production capacity and meet the growing market demand.

Le Andun, General Manager of Haitian Vietnam said at the ground breaking ceremony: “The start of the 7,000-square meters plant of Haitian Vietnam is a symbol of Haitian’s 10-year vigorous development in the country.”

Meanwhile, Guangdong Yizumi Precision Machinery Co., Ltd. has also practiced its globalization strategy and constantly explored overseas markets. From North American subsidiary to France spare parts center, Belgium Environmental Plastics Innovation Center, German R&D center, Indian subsidiary and Vietnam Technical Service Center, YIZUMI has reached the markets of Americas, Europe and Asia.

At CHINAPLAS 2019, Zhang Tao, YIZUMI Deputy Managing Director and General Manager of Injection Molding Machine Division, said India has become one of the main driving forces for growth of YIZUMI’s overseas business. The Indian plant has produced 100 machines after putting into production for a year. In 2018, YIZUMI India’s sales exceeded RMB 40 million, making India the company’s largest single overseas market.

In China, there are also some new opportunities for the plastics machinery manufacturers under the current economic climate. At CHINAPLAS 2019, Wu Zhenwei, General Manager of Multiplas Enginery Co., Ltd., said, owing to the international trade issues, some enterprises have moved their production back to China, which in turn triggered the demand for Multiplas’ machines.

This year, there was an enterprise who moved its manufacturing site back to China, bought a total of 30 injection molding machines from us in one time,” Wu revealed.

Another solution provider Shanghai-Fanuc Robotics Co., Ltd., was also optimistic for the domestic market development. Li Xiang, Section Chief, Sales Department of Injection Molding Machines at Fanuc, said the company will also have some new movements in Guangzhou, Wuhan and Chongqing. By the end of the year, the sales and R&D centers all over the country will put into operation to explore new markets.

We are collecting readers' comment for improving our website. If you are willing to help, please CLICK HERE to complete a survey. Your comments matter.
Write a mail to the editor
Share to

Copyright © Adsale Publishing Limited. Any party needs to reprint any part of the content should get the written approval from Adsale Publishing Ltd and quote the source "China Plastic & Rubber Journal (CPRJ)", Adsale Plastics Website - www.AdsaleCPRJ.com. We reserve the right to take legal action against any party who reprints any part of this article without acknowledgement. For enquiry, please contact Editorial Department.  [Want to use this report?]
Name
Company Name
Job title
Email (will not be published)
Comment
Recent Comment
Legal Statement | Privacy Policy
Remarks: Publication of the comments is at editor's discretion.
Register a New Member
OCEANCHEM GROUP LIMITED
More Advertisers
泰瑞机器股份有限公司
广东伊之密精密机械股份有限公司
日钢注塑机維修(深圳)有限公司
COPERION GMBH
东华机械有限公司
上海ABB工程有限公司
东莞捷佳塑胶科技有限公司
Medical conf.
东莞市思为客自动化科技股份有限公司
裕克施乐塑料制品(太仓)有限公司
K2019
海天塑机集团有限公司
Kampf Schneid- und Wickeltechnik GmbH & Co. KG
富强鑫精密工业股份有限公司
万华化学(烟台)销售有限公司
阿科玛(中国)投资有限公司上海分公司

Supplier Highlights
GUANGDONG YIZUMI PRECISION MACHINERY CO., LTD. HAPPYWAY AUTOMATION CO., LTD.
KAMPF SCHNEID- UND WICKELTECHNIK GMBH & CO. KG MAAG AUTOMATIK PLASTICS MACHINERY (SHANGHAI) CO., LTD.
OECHSLER PLASTIC PRODUCTS (TAICANG) CO., LTD. WELLTEC MACHINERY LTD.