Many buyers who purchase injection molds from China are solely focused on saving money. However, this isn’t the right attitude to take, since you’ll ultimately want a mold that works properly and is reliable, instead of just being cheap.
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How much a plastic mold tool will cost is dependent on several different factors. You should, therefore, request the information when getting a quote.The checklist below details the various areas of interest that you need to consider when purchasing a mold:
For instance, a three plate or hotrunner may be more expensive at first, but unlike two plate tools, they don’t need anyone to operate them or separate the runner. This will mean that you save money on the piece part price, even though the tool cost is higher.
With this information in hand, you will be able to calculate the costs for yourself, and see just why some companies set their prices higher or lower.
When you have answered all of those questions, you’ll want to figure out the amount and type of materials and components that you’re going to need, and use supplier catalogs to come up with a total cost.
While all of these costs will eventually be recouped once a certain number of parts have been produced, it’s important to note that the real cost will also have to take into account the manufacturing process and the molding cycle as well.
Don’t put the full responsibility for tool buying on your purchasing department, though. That’s because there will likely be factors that they don’t fully understand.
Make sure that you determine and specify your tool requirements in full before you start the buying process.
Ideally, you’ll want to choose the right tool for the lowest cost, produced by an experienced and knowledgeable molder.
Part size- bigger parts mean a bigger mold, which means that the steel cost for the injection mold will be increased.
Part design- the more complex a part is, the more detailed the mold has to be. Some complicated parts will require special features to be added, such as lifters or sliders. You should therefore be open to advice from your mold maker, and see if there’s anywhere that you can alter the part design to save on injection mold costs.
Materials-depending on the part material of choice, the injection mold will have to be made of a particular material too. For instance, if a corrosive plastic like PVC is to be used, then the mold will have to be stainless steel to avoid any damage- which will ultimately bump the price up.
Part finish requirements- where parts have high gloss surface requirements, then more expensive steel and precise technical polishing will be vital, which further add to the price.
Production volume- higher volume molds need more cavities, and so the mold will be larger. They also require a higher grade of steel to last for longer, and this has an impact on the injection mold cost.
Country of manufacture- different countries have different wage rates. If your mold is made in a country where labor costs are low, then you’ll naturally save money. In China, the average cost of an injection mold is around 40% less than in western nations.
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 a best choice to source a reliable injection molds manufacturer to assist them to develop and produce cost-effective products.
However, most importers and our clients usually have confronted to 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, you’ll get answers to above questions.
Generally, the current mold manufacturers in China are roughly divided into two categories:
● Foreign-funded companies & Hong Kong and Taiwan-funded companies
● Local mold manufacturers
Standardized management, sound processes, strong service awareness and guaranteed products quality. Corresponding to these are expensive cost of management, selling and marketing. 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 usual 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 company is the world’s best china injection product mold factory supplier. We are your one-stop shop for all needs. Our staff are highly-specialized and will help you find the product you need.
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.
Low indirect costs of management, marketing and selling expense and etc.. Quotations are usual much lower than the international market. They not only can maintain 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 customers 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 took the order and finished it with high quality. And so far, he have placed four times bulk orders with us.
There's no doubt that the major manufacturers have 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 professional foreign trade team.
Now, you are supposed to have some ideas about the Chinese plastic injection molds manufacturer. Maybe you will ask what characteristics should a best injection mold manufacturer have? No hurry, keep reading. Generally, there’re seven characteristics for one reliable mold manufacturer:
(1) Their founder or manager has 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 products development experience. Choose the professional one you will get better quotation and service.
(7) Molds and moldings are in 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.
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.
Now, I want to hear back from you: Did you make molds in China? Where did you find the manufacturer s? Alibaba? 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.
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