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CHINA’S INJECTION MOULDING INDUSTRY KEEPING UP WITH THE PACE OF GROWTH

AMI, Bristol, 25th January 2007 – Leading consultants to the plastics processing industry, Applied Market Information, has just released a new database of injection moulders in China. The database provides location and production details of over 1,500 companies in China. 

 

Over the past 25 years China has gradually been moving from a centrally planned economy to a market orientated system which has opened the economy to increased private ownership and foreign investments.   China now dominates the plastics industry in Asia with a consumption of over 38 million tonnes of polymers in 2006 putting it on a par with the EU and larger than the USA.   Injection moulding is one of its most dynamic sectors, accounting for 30% of this polymer demand and enjoying growth rates of about 8% a year. 

 

Major end use sectors for injection moulding goods include electrical appliances, computer and IT housings and components, mobile phones, CDs/DVDs, household goods, consumer products and automotive components.  Future growth will be driven both by the manufacturing of consumer goods for export and by growing local demand for packaging, building products, cars and other consumer durables.

 

Injection moulding accounts for about 70% of the total number of plastics processors in China but this is a highly fragmented industry including a large number of small private and state owned companies.   It is also a feature of the Chinese processing industry that a number of the larger groups are involved in a wide variety of plastics processing activities such as Baoshuo Group and Anhui Guofeng Group.

 

China has also benefited from huge investments by overseas processors looking to exploit China’s lower wage costs and improve profit, but also to participate in China’s economic growth.  Production has moved from within Asia, North America and particularly from Europe where labour costs are high.   Current examples of this trend include automotive, suppliers like MGI Coutier and electronics manufacturer Flextronics who have opened a number of moulding operations in China.

 

 

The geographic distribution of plastics processing and more specifically of the injection moulding industry is very uneven with most companies located in the coastal regions of the South East, mainly in the Guangdong, Zhejiangs, Jiangsu and Shandong provinces. 

 

AMI’s database provides a useful insight into this highly fragmented market. Information for each moulding site includes details of the polymers they mould, end use markets served, number and size of machines operated, as well as full location details.

 

PUBLICATION DETAILS:

FURTHER INFORMATION:

Title

The injection moulding industry in China

Name:

Tel:
Fax:

Regine Futter

+44 (0)117 924 9442

+44 (0)117 989 2128

Edition

1st

E-mail:

info@amiplastics.co.uk

Date:

2007

Format:

CD only

No. of pages:

N/A

Price:

£950/€1,380/$1,805