Hong Kong Mould Factory will focus on developing technology in the future

Because the mold is a product formed by the tool. Mold design standard parts can play a certain role in safeguarding the quality of industrial products. As China's economy has entered a stable period, the industrial structure has been gradually optimized, and the quality requirements for industrial products have become higher and higher. This has led to increasingly higher requirements for mold design standard parts.

As the European and American countries that are traditional export markets have not shown significant improvement, mold makers and custom injection molders in Hong Kong are increasingly turning to the Chinese mainland market. Take Yada Mould Design & Manufacturing Co., Ltd. as an example. At present, the proportion of domestic business in China has increased from 30% to 20%, from 30% to 50%. Although the domestic proportion has increased, the total sales volume has remained at 2500 during the economic crisis. Millions of dollars. In the past, the company was more oriented toward the export market, but now it has shifted its focus to the domestic market. It has several mold and injection molding plants in southern China adjacent to Hong Kong and employs 800 people. Luo Baihui, executive vice president and secretary-general of the International Mould, Hardware and Plastics Industry Suppliers Association, said that shifting the focus to the Chinese market is a trend common to many Hong Kong companies. At present, Hong Kong companies are targeting areas including China's auto market and Japanese automakers' factories in Guangzhou. These factories are increasingly seeking suppliers outside the traditional Japanese manufacturing base to achieve cost reduction.

Despite thousands of Hong Kong-owned factories in the Mainland, Feng Jijun, president of Easy Molding Technology (Hong Kong) Co., Ltd., said that the Mainland and Hong Kong have a very different business culture. Moreover, the mainland market is very much concerned with price competitiveness. At this point, Hong Kong companies are often no match for mainland competitors. As a result, many Hong Kong companies have taken a different path and have not chosen to supply Chinese domestic brands. Their main customers are multinational companies that are trying to establish business in China.

Cheong of Arda Mold believes that Chinese brands are less willing to pay for quality, which is a challenge for Hong Kong companies that have traditionally supplied quality Western markets. He said that first-class quality is the advantage of Yada, for example, the company has recently become one of the first Chinese mold manufacturers to obtain strict German automotive manufacturing standard certification.

In recent years, some smaller Hong Kong mould makers have closed down or merged with their peers. However, Hong Kong companies are still full of interest in the Chinese mainland market. There have been some Hong Kong plastic molders, such as Elite Enterprises Holdings Limited, which have announced plans to build factories in the Chinese mainland and specialize in supplying local markets.

According to Amen Fong, business development manager at Nybro Hong Kong Co., Ltd., although the company has more than 85% of its business from the export market, they still value the Chinese market. Fong said the company is made by Nypro Inc., the leading plastic molder in the United States. The company and a Hong Kong company formed a joint venture and hopes to use the Asiamold platform to strengthen its position in the local market. In addition, they foresee that Chinese domestic brands will increasingly demand quality of production, and they also have sufficient financial strength as a support. "These companies are our goal."

Nepro Hong Kong Co., Ltd. has mold manufacturing plants in Shenzhen, Suzhou and Tianjin. As one of the means to cut costs, the company is considering doubling the size of its Shenzhen mold manufacturing plant and transferring some of its production from Hong Kong factories. The Hong Kong plant will focus more on research, product development and higher-tech projects in the future. .

Other Asian companies have also seen a growing demand in the Chinese mainland market.

Singapore ExpressTechCo. Ltd. LeongYokeMing, general manager of the company, said that at present, there is no unified action in the Chinese domestic market, but the local business is growing. The 150-person company has manufacturing facilities in Singapore, Jiangsu, China and Vietnam. He said: "We have found that the quality requirements of this market are increasing, but local mold makers often cannot meet this requirement."

However, not all Hong Kong mold makers are targeting the Chinese domestic market. For example, Friends Mold Co., Ltd. is far from this market because of the fierce price war on the mainland market. It is reported that Friends Mold Co., Ltd. mainly supplies the toy industry, and supplies about 1,500 molds for Mattel Toys Company each year, accounting for about 15% of its total mold usage. But the company is trying to diversify its business and try to open up new markets such as medical and precision electronics. The growth of such new businesses - which now account for about 25% of its total sales - has caused the company's sales to hit a new high in 2010, exceeding the level of sales before the economic crisis. The company’s U.S. customer orders have increased because U.S. companies are under more pressure for cost reduction and want to purchase more Asian-made molds to reduce costs.

“There are talents behind the industry, no skilled workers, and no technology products will always stay in the low-end manufacturing industry.” Only with advanced technology, it will never lose in the competition.