Japan's casting mold industry profits decline

In this global environment of rising labor costs and raw materials, it seems that the profits of the Japanese foundry mold industry, which is dominated by precision manufacturing molds, have also declined.

In recent years, due to the rise in raw material prices and the increase in labor costs, coupled with the impact of the financial crisis, the global market has shrunk, and the casting mold industry in countries around the world has been affected to varying degrees. The profits of casting mold industry in various countries have declined.

"In Japan, the foundry mold industry has recaptured its profits in order to keep profits. The Japanese foundry mold industry is gradually shifting low-tech casting molds to areas with low labor costs, such as India, Thailand, and Myanmar. In Japan, only high-tech products are produced. Through industrial restructuring, Japan has accelerated the transfer of low-cost and high-cost casting molds to foreign countries, reducing the number of low-end casting molds in Japan, and its domestic high-precision casting mold industry has a very high added value, so casting molds in Japan Industry profits have not declined.

At present, China has always been known as a manufacturing power rather than a manufacturing power. This is because most of China's industrial products are still dominated by medium and low-end industries. There are still many shortcomings in high-end industries. While China has become Japan’s largest trading partner, Japan is China’s third largest trading partner. In the mold market, China is also an important exporter of Japan. Moreover, with the advancement of China towards a manufacturing powerhouse, sophisticated equipment is indispensable. In order to maintain the good operating conditions of these equipment, precision casting parts are indispensable, so the Chinese manufacturing market contains important casting molds. Market. Therefore, Luo Baihui believes that in the future, under the stimulation of the Chinese manufacturing industry, the Japanese casting mold will maintain its high-speed development momentum.