Many importers know that China is one of the world’s leading mold producing countries, and its mold industry accounts for about one-third of global output value. It may be the best choice to source a reliable injection molds manufacturer to assist them to develop and produce cost-effective products.
However, most importers including some of our clients usually have confronted with three questions when they’re sourcing.
I have been in the mold industry for 20 years, in today’s post, I will tell you some important knowledge about China’s mold industry that you have never known. Keep reading, I bet you’ll get answers to above questions.
1. What kind of mold manufacturers in China?
Generally, the current mold manufacturers in China are roughly divided into two categories:
The pros and cons for foreign-funded & HK & Taiwan-funded companies
The foreign-fund & HK & Taiwan-funded companies have standardized management, sound processes, strong service awareness and guaranteed product quality. Corresponding to these are expensive costs of management, selling and marketing. The cost of mold development will be increased accordingly.
They will be a good choice for you if you have strong financial capabilities. However, their quotations are usually consistent with the international market. For example, their quotation for a large set of precision automotive molds usually will be hundreds of thousands or even millions of dollars, which is difficult for many small businesses to afford.
The pros and cons of local mold manufacturers
Most of them are the first batch of foreign company technicians who entered into the mold industry first: high technical level and production management experience of foreign-funded enterprises.
Their biggest advantage is the relatively low indirect costs of management, marketing and selling expenses and etc. Quotations are usually much lower than the international market. They not only can maintain the price-performance ratio, but also can provide excellent service and high-quality molds. Therefore, this type of mold manufacturers is more able to attract Small-Medium businesses’ attention.
I also remember in 2018, one of our British clients spent a lot of time negotiating with a major manufacturer for his new project. But in the end the order was rejected as the MOQ and delivery time problem, even though they spent a lot of time negotiating with them. Just when it made him very upset, he got our contact information on LinkedIn. After nice communication, we accepted the order and finished it with high quality. And so far, he had placed four times bulk orders with us.
2. Will the large-scale manufacturers be suitable for your company?
There’s no doubt that the large-scale manufacturers have a lot of advantages, but more and more importers prefer to cooperate with Small-Medium manufacturers.
Firstly, Small-Medium manufacturers can provide highly cost-effective manufacturing services.
Secondly, they have complete production equipment, such as precision CNC machine tools, wire walking machine tools, EDM, injection molding machines and etc.
Lastly, most Small-Medium manufacturers have a professional foreign trade team.
Now, you are supposed to have some ideas about the Chinese plastic injection molds manufacturer. In the end, Let me share with you the last question you care about.
(1) Their founder or manager has a high technical background.
(2) Complete production equipment: precision CNC machining center, slow wire cutting, EDM mirror spark machine, high-speed and high-precision injection molding machine, and other important equipment for mold processing, production and testing.
(3) Abundant foreign market: Foreign market orders occupy at least 40% of all production orders.
(4) Complete and stable production line and experienced mold design engineers.
(5) Have own injection production department. Not only can meet clients’ injection molding needs, but also can test and modify the molds efficiently.
(6) Have your design’s similar product development experience. Choose the professional one you will get better quotations and services.
(7) Molds and moldings are at a reasonable price. As saying goes: you get what you pay for. Low price is often hidden behind some traps that are not known to us as any molding supplier has to pay rent, utilities and labor cost.
Now, I want to hear from you
I’m a local Chinese mold manufacturer with more than 20 years of experience. Here, I would like to share my precious experience for you. Although my written English is not very native, I hope you can benefit a lot from my blog.
Have you ever made molds from China? Where did you find the manufacturers? Alibaba or recommend by friends?
Or what problems did you encounter when developing your own product? Could you share them with us?
We have more than ten years of experience serving the Japanese, European and American markets, and also have close cooperation with some well-known International Brands like Bandai, Hasbro and so on. Feel free to contact us any time, I would like to reply your questions and help your business.
FAQs about offshore project operation:
Many companies encounter a lot of problems in considering offshore manufacturing of products for the customer. For years of practice, First-rate Mold Solution Co. Ltd finds a feasible solution that is not only realizable and safe but also brings extra value to the customers.
Following are problems and solutions that are normally involved in offshore manufacturing:
a) What kinds of parts and steels are used in overseas mold manufacturing?
First-rate Mold Solution Co. Ltd purchases mold parts and steels fully according to the customers’ requirements for use; however, the standard for use ensuring safe use should apply, on the condition that the customers’ requirements for safe domestic use of mold are met.
b) Can overseas mold be manufactured according to customers’ special standard?
With years of experience in delivering services to overseas customers, First-rate Mold Solution Co. Ltd is fully capable of making mold according to customers’ standard. We’re fast and good in understanding even peculiar mold manufacturing standard.
c) Is it difficult to communicate with overseas customers?
First-rate Mold Solution Co. Ltd has an excellent project management group and design team. They’re richly experienced, abundant in professional knowledge and proficient skill in speaking and writing in foreign languages. They’re able to communicate with overseas customers via email and telephone on our online platform. Our project engineers will update project progress on our website, so that overseas customers may understand the situation on a real-time basis.
d)Term of payment and transportation confirmation with regard to overseas mold project
All overseas mold projects are subject to 3-4-3 term of payment, i.e., 30% advance payment before running the project, 40% payment after delivery of qualified sample after primary tooling test, and 30% arrearage payment before mold transportation. First-rate Mold Solution Co. Ltd rejects any transportation of mold with arrearage.
Before mold transportation, mold engineer in charge of the project and project engineer must make step-by-step inspection of the mold according to the customer’s requirements. Only the mold fully meets the customer’s requirements is allowed to pack.
e)Are all the design data of overseas customers applicably integrated in our design system?
The design system of First-rate Mold Solution Co. Ltd can fully be compliance with the customers’ requirements for opening of design data and ensure accurate recovery, to the extent to eliminate potential troubles for subsequent process.
f) Assurance of mold service lifetime:
All the molds produced by First-rate Mold Solution Co. Ltd must be ensured to meet the customers’ requirements for use, and we guarantee that such molds are free from any defect as long as they’re properly used.