China's output and sales volume of injection molding machines increased by nearly 40% in 2010 over 2009, while the import and export value grew by more than 70%. A new report on the global injection molding machinery market found that Chinese molding machine sales exceeded RMB20 billion ($3 billion) giving it the top rank globally. Germany's export dominance continued, with the 2010 export value of injection molding machines up 55.2% to EUR593 million ($853 million), while the output of injection molding machines in Japan doubled over 2009 to 12,000 units. The report also noted that 2010 injection molding machine sales and output also rebounded in the U.S. and Italy.
|The world's most popular injection molding machine? Sales of Haitian's Mars Series were up 132% in 2010 to $749 million.|
Although Chinese machine makers may have come to the all-electric machinery market later than counterparts in Europe, North America, and Japan, the report says they have now fully embraced the technology with more than 10 companies undertaking R&D and manufacturing of all-electric injection molding machines in China, including Haitian, Chen Hsong, Chuan Lih Fa Machinery Works, Guangzhou Borch Machinery, GSK CNC Equipment, Zhejiang Sound Machinery Manufacture, and Ningbo Shuangma Machinery Industry.
Among the operational highlights covered in the report among 14 key Chinese enterprises:
- Haitian International Holdings Limited: 2010 sales volume hit 30,000 units, earning RMB7.057 billion ($1.09 billion). Sales of the Mars series made up for than half of that figure, with orders for that line up 132% to reach RMB4.83 billion ($749 million).
- Chen Hsong Group: Fiscal 2010 sales were down on declined automobile and home appliance demand. In March, Chen Hsong Group was authorized by Mitsubishi Heavy Industries Plastic Technology to manufacture and sell large two-platen molding machines in mainland China, Hong Kong, Macao, and Taiwan.
- L.K. Technology Holdings Limited: Fiscal year 2011 total sales, including casting and CNC equipment, were up 84.8%, fueled by the recovery of the electronics and toy markets. Plastic injection molding machine sales were up more strongly, jumping 119%.