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China plastic injection molding companies now are facing the heavy pressure, it is because of the currency exchange rate, inflation and heavy competitive of domestic China injection molding company. Below is the detail reason for the heavy pressure of China plastic injection molding company
- The currency exchange rate of RMB: USD from 10 years ago 9.5 to now 6.3-6.5, this reduced Mold manufacturer China Companies profit become less & less.
- The inflation caused the Mold manufacturer China Companies to need to pay more material cost such as mould steel and other material. Also need to pay a much higher salary, from 2009 to 2011, the general salary has been 40% increased, and not increase more every […]