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The digital transformation of the injection molding industry is accelerating, with over 20,000 enterprises now connected to industrial internet platforms. Policy subsidies are helping SMEs upgrade their operations.
Release time:
2024-11-29
The “2024 Report on the Digital Transformation and Development of the Equipment Manufacturing Industry,” recently released by the Ministry of Industry and Information Technology, shows that the pace of digital transformation in China’s injection molding industry continues to accelerate. As of the third quarter of 2024, the number of injection molding enterprises connected to domestic industrial internet platforms (such as Plastics Network and ZhiSu Cloud) has exceeded 20,000, covering all stages of the production process—including equipment networking, production scheduling, quality traceability, and supply chain collaboration. Data indicates that, thanks to digital upgrades, the average production cycle of these enterprises has been shortened by 25%, energy consumption per unit of product has decreased by 18%, order delivery times have been reduced by 30%, and inventory turnover rates have improved by 40%. The results of digital transformation are remarkably significant.
To promote the digital transformation of small and medium-sized enterprises (SMEs), governments in many regions have introduced special support policies: Guangdong Province offers purchase subsidies of up to 30% for SMEs that acquire smart injection-molding equipment, with a maximum subsidy amount of 5 million yuan per enterprise; Zhejiang Province has established a special fund for digital transformation in the injection-molding industry, with a total size exceeding 1 billion yuan, providing enterprises with low-interest loans and technical consulting services; Jiangsu Province, meanwhile, is promoting an initiative called “Going to the Cloud and Using Platforms,” offering SMEs that join industrial internet platforms annual operating subsidies of up to 200,000 yuan. In addition, industry associations are organizing training sessions on digital transformation and visits to benchmark enterprises for exchange and learning, helping SMEs overcome the challenges of “not knowing how to transform, not daring to transform, and lacking the funds to transform.” Industry experts say that as digital technologies become more widespread and policy support intensifies, the injection-molding industry will accelerate its transition toward high-quality development characterized by efficiency, low carbon emissions, and intelligence. Over the next three to five years, the penetration rate of digitalization is expected to rise from the current 35% to over 60%.
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