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Mold development
May 17, 2018

According to the “National Basic Situation of Mold Specialized Plants” compiled by the Management Committee of the China Die and Mould Industry Association, China’s molds have grown at an average rate of over 15%, which is more than double the average value of domestic GDP. Among them, casting molds account for about 5% of the total output value of various types of molds, and the annual growth rate is as high as 25%. The development is very active.

The development of China's mold industry gives strong support to the manufacturing industry. At the same time, the development of the manufacturing industry has also promoted the development of the mold industry. China has also become a big producer of molds. The number of domestic mold manufacturers has increased to more than 20,000, and the number of employees is about 1 million. The total annual output of molds has reached 55 billion yuan. However, China's die and machine tool industry is still "large but not strong." Although China's mold industry is known as a global "manufacturer" with a huge annual import and export volume, due to factors such as technical talents, all are relatively concentrated in the low-end and high-end markets. The temptation is undoubtedly great.

Industry associations are economic organizations established by related companies for their own development. Under the conditions of market economy, as an important intermediary organization, industry associations have the function of coordinating the interests of market players and improving the efficiency of market allocation. Therefore, promoting the construction of industry associations has become a topic that cannot be ignored. The mold industry must achieve significant development and it is essential to promote the construction of mold industry associations.

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