Domestic mold faces foreign brands to seize market crisis

According to statistics from relevant domestic sources, last year's mold enterprises in developed countries are accelerating their expansion in China, and Mitsui Fuji Automobile Mold Co., Ltd., jointly established by Japan's No. 1 auto mold maker Fuji Industrial Technology Co., Ltd. and Mitsui & Co., Ltd., is located in Shandong. Yantai has officially signed up for settlement. The American company Cole Asia is also building a holding company in China. There are other foreign mold companies with strong technical strengths that are planning to invest in factories in China. Dr. Wang Qin of the Institute of Industrial Economics of the Chinese Academy of Social Sciences believes that China's mold industry is in the stage of upgrading to the high-end, and the demand for high-quality and precise molds will continue to rise. At present, foreign mold giants have set off an investment boom in China, precisely for the sake of preemption. Machine, this has created a huge challenge for the domestic mold brand. Faced with this severe situation, domestic mold enterprises can only have a foothold for development by accelerating industrial technology upgrading.