About processing of plastic products manufacturers

The current economic situation in China is generally good. In 2008, the two major natural disasters were defeated and the economy maintained steady and rapid development. Gross domestic product (GDP) reached 3,066.7 billion yuan, an increase of 9%, of which the fourth quarter was only 6.8% affected by the financial crisis. Since September 2008, the die-casting industry has experienced a sharp decline in foreign orders, and the annual production growth rate has dropped. This shows that the international financial crisis has indeed had a great impact. But opportunities also exist at the same time. In 2009, the GDP is expected to grow by about 8%; the expansion of domestic demand, the national implementation of a total of 4 trillion yuan of two-year investment plans, and the ten major industrial restructuring and revitalization plans provide a vast space for development in the die-casting industry. In particular, the automotive industry's planning goal: in 2009, production and sales will strive for more than 10 million vehicles, and the average growth rate for the three years from 2009 to 2011 is 10%.

More than 90% of China's auto products are sold domestically, which is less affected by the international market. In the first quarter of 2009, the auto market showed signs of recovery. In February, production and sales doubled over 800,000 units. Multinational auto companies regard the Chinese auto market as a “safe haven” and increase investment in China. In September 2008, General Motors invested US$250 million to build GM China Park and Technology Research Center; Toyota Motor invested US$584 million to build a fourth plant in China with an annual output of 100,000 units in Changchun. Toyota plans to sell 1 million units in 2010; Ford Motor Co. indicates that its long-term strategic Thin-wall injection molding manufacturers plan in the Chinese market remains unchanged; Chrysler is actively seeking to establish long-term and stable partnerships in China. In September 2008, ZF Germany signed a strategic cooperation agreement with Chinese bus manufacturer Yutong Auto. They have successively established strategic alliances with two mainstream Chinese commercial vehicle companies. Another German component giant, Continental, also signed a strategic cooperation agreement with China National Heavy Duty Truck Group.

Even if the process is adjusted due to the financial crisis, the overall direction of development will not change. In addition, the implementation of the revitalization plan for motorcycles, electrical telecommunications, home appliance hardware, electromechanical instruments, light industry, etc., all provide new opportunities for the survival and development of China's die-casting industry. The market segments of the die-casting industry generally include the automotive and transportation, construction and residential products industries, instruments and instruments, power/telecom industries, electronic computer equipment and others. The output of China's die-casting parts has been increasing year by year. Since 2001, the average annual growth rate has reached 13.25%. At present, China's automobile industry is in a period of rapid growth, and the scale effect begins to appear. The relationship between the die-casting industry and the automotive industry is mainly concentrated on the production of cars. This structural change in China's auto industry has given the die-casting industry a broader space for development.