China's Die and Mould Industry Takes Advantage in Japan's Industry Restructuring

During the “Eleventh Five-Year Plan” period, the annual industrial output value of China exceeded the threshold of 10 trillion yuan, and the industrial added value accounted for more than 14% of the global manufacturing industry. China's manufacturing industry surpassed Japan for the first time and became the second largest industrial manufacturer in the world after the United States. Luo Baihui, head of the International Mould and Plastic Hardware Industry Suppliers Association, said that China has become a big manufacturing country and a big country for mold production. The nation's mold manufacturing companies and factories have reached 30,000 and nearly 1 million employees are employed. In 2009, sales were close to 100 billion yuan, mold imports have reached nearly 2 billion U.S. dollars, and the level of imports of 2 billion U.S. dollars for four consecutive years was still maintained. Mold exports were close to 1.9 billion U.S. dollars, which was basically the same as in 2008.
2010 is the year of the "Eleventh Five-Year Plan". In the first half of this year, China’s economic growth rate was 11.1%, which was close to the year of the “Eleventh Five-Year Plan”. Experts predict that the average growth rate in the five years will exceed 10%. “And China’s economic growth is led and driven by industry.” According to Jin Wei, director of the Institute of Industrial Economics of the Chinese Academy of Social Sciences, China’s industrialization process is far from over, and industry still occupies a pivotal position in the national economy. According to Luo Baihui, head of the International Die and Plastic Hardware Industry Suppliers Association, due to the fact that China's precision mold manufacturing technology has become an international leader and the cost has an absolute advantage, more and more overseas users use China as their global purchasing base for molds. The trend of "making full use of" local mold manufacturers is gaining ground. For example, the famous injection molding mold manufacturer, Japan's Chishang Die and Mold Industry (headquarters: Japan, Japan, is now making the company's choice of Chinese mold manufacturers network, in order to accelerate the establishment of a system that can be purchased from injection molds at a low price. This strategy is consistent with the willingness of mold users to purchase molds locally.
At the same time, Japanese mold companies lost their advantages in pure cost competition. In order to gain global market competitiveness, Fuji Industrial Technology and Miyazu Manufacturing Co., Ltd. recently decided to conduct a merger operation in an effort to continuously strengthen existing Chinese and Indonesian factories.
Many Japanese domestic manufacturers compete with each other for the shrinking Japanese domestic market. This pattern is not limited to automotive stamping dies and can be seen in many other industries. As the market becomes increasingly global and companies in developed countries and emerging market countries continue to be competitors, if Japanese companies compete with each other, the foundation of Japanese manufacturing will be shaken, and this sense of crisis will contribute to this. Business merger background.
The merger of Fuji Industrial Technology and Miyazu Corporation will have a huge impact on other industries. The reason why this is said is that the reason why the Japanese company's corporate resurrection support organization invests in capital is "a trial of the industry restructuring model in a globally competitive industry."
Through the mutual competition among Japanese companies, the overall manufacturing industry in Japan continues to grow. This era has existed before. However, in the modern era in which globalization has achieved considerable development, the effects of competition among Japanese companies have become limited, and it can even be said that the drawbacks are increasingly prominent. In the future, if Japanese manufacturing companies want to exert their influence in the world, they will continue to see "reorganization" in many industries.

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