China mold maker and supplier

China Plastic Machinery Industry Association expects the industry to grow at least 13% annually and reach 51 billion yuan in total sales by 2016, reported the Shanghai Securities. At the same time, CPMIA hopes to raise domestic machinery maker’s share in the Chinese market from 70% to around 80%.

CPMIA said it would lobby for more government support to grow and upgrade the plastics machinery industry, specifically in areas including high-precision machinery, energy-efficient machinery, etc.

In 2010, China’s market demand for plastics machinery rose to 47.9 billion yuan, 40% higher than in 2008. CPMIA’s survey shows a total of 564 plastics machinery manufacurers with 2010 sales volume of 500 million yuan.

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