Mold industry shifts from price war to technology competition

After long-term development, the mold industry is currently in a rising period. In such a stage, what kind of development methods mold companies should adopt, and become a positive thinking for major mold companies.

Currently there are many companies engaged in mold production in China, but the scale is relatively small, basically a small workshop model, there is no scientific and technological content. The products produced by small mold companies are basically imitations, leading to more and more low-end homogenous molds. Mold companies are facing excess capacity and inventories. In order to increase sales, mold companies will lower the price of their products. Several mold companies have lowered their prices, eventually causing the entire industry to fall into trouble, and the profits of enterprises have become less and less. As profits continue to shrink, companies simply do not have excess funds for product development.

This has led to a vicious process. Such a situation and the entire industry's technological level is low, and the domestic mold industry, which continues to make the price war continue, is at the bottom of the world mold industry. The mold industry wants to develop. It must constantly increase its research and development funds, increase its technological content, and produce products with core competitiveness. To increase product development efforts can really change the current competitive model.

Chinese mold enterprises should upgrade their technological content, shifting from the current price war to technological competition. From simply seizing market share, it will not be profitable, and it will become a common profit sharing market. It is believed that after the transformation of the competition methods by Chinese companies, the production level of the enterprises can be greatly improved, effectively eliminating vicious competition and allowing the mold industry to take a higher level.