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China mold companies should improve product technology content

Update:22-12-2020
Summary:

After long-term development, the mold industry is curre […]

After long-term development, the mold industry is currently on the rise. At this stage, what kind of development methods should mold companies adopt has become a problem that major mold companies are actively thinking about.
At present, there are more companies engaged in mold production in China, but the scale is relatively small, and they are basically small workshops, with no technological content at all. The products produced by small mold companies are basically imitated, leading to more and more low-end homogenized molds. Mold companies are facing the problems of overcapacity and inventory backlog. In order to continuously increase sales, mold companies will reduce product prices. Several mold companies have cut prices, which eventually led to the entire industry in trouble, and the company's profits became less and less. When profits continue to shrink, companies have no excess funds for product development.

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This has led to a vicious process. The emergence of such a situation and the low level of technology in the entire industry, and the continued price war has put the domestic mold industry in a low-end position in the world mold industry. If the mold industry wants to develop, it must continue to increase research and development funds, increase scientific and technological content, and produce products with core competitiveness. Only by increasing product research and development can we truly change the current competitive model.
Chinese mold companies should upgrade the technological content of their products, and shift from the current price war to technological competition. From simply grabbing market share and not making a profit, it has become sharing the market and making a profit. It is believed that after Chinese enterprises change their competitive methods, their production level can be greatly improved, effectively get rid of vicious competition, and bring the mold industry to a higher level.

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