Report assesses China’s plastics machinery industry
Improving technology and lower costs have helped Chinese plastics machinery manufacturers compete with Western suppliers. But a considerable number of Chinese suppliers will disappear in the next five years, according to a new study. Currently there are 546 domestic manufacturers of plastics machinery in China, most of them producing injection molding machinery. The industry is quite fragmented, with the largest 10 manufacturers accounting for only 39 percent of the total sales, according to Georg Stieler of Stieler Technologie- & Marketing-Beratung GmbH & Co. KG, a Lörrach, Germany-based firm with an office in Shanghai. According to Stieler, higher-end Chinese press manufacturers have been able to build machines that can handle 80 percent of molding applications. That number will continue to rise, resulting in a shift away from German, Japanese and other imported equipment. At the same time, there is a large price discrepancy between imported machinery from Europe and made-in-China equipment. Imported injection presses cost up to three times as much as domestically produced ones, and imported extruders and granulators cost up to 30 times as much.