China's die casting industry grew slowly in 2013

As we all know, China is a big casting country, but it is not a casting power. In recent years, with the significant increase in the quality of castings in our country and the continuous improvement of the level of casting technology, the domestic mold casting industry has increasingly been recognized and endorsed by overseas companies, and new casting orders are continuously followed. Moreover, the overseas trade of the foundry industry in China is also developing rapidly. It is expected that although China's mold exports will slow down in 2013, it will still grow at a relatively high rate.

It is understood that from the domestic industry development, the country's macro-policy, and the international and domestic market capacity, only the world's automotive giant US Chrysler's mold orders in China reached 300 million yuan. Of course, not only can we have advanced technology equipment and strong technical capabilities to get orders, but our country's foundry industry still needs to cultivate professionals so that the domestic foundry industry can develop better.

According to relevant media reports, in order to continuously meet the market demand for export and domestic demand, the pace of development in the transformation and upgrading of the domestic die-casting foundry industry is accelerating. Due to the rapid increase in the technical level and cost-effectiveness of China's die casting industry, die casting companies have effectively achieved significant results in the international market, coupled with the three major positive factors that industry developed countries need to transfer their molds to China in order to reduce production costs. The impact has made China's die casting export market perform well.

It is reported that at present, the advantages of China's die casting in the international market are still quite obvious. In particular, under the guidance of the export drive strategy in the "12th Five-Year Development Plan of the mold industry," it is expected that although China's mold exports will increase in 2013, Slow down, but it will still grow at a higher rate.