plastic mold machines Hourly Rates Dipped
plastic mold machines Hourly Rates Dipped
Custom injection molders’ machine-hour rates dipped 1.3% on average in the second quarter of the year, according to 122 plants responding to our latest semi-annual survey. Rates have been dropping since the end of 2000. About 12% of respondents said their rates were lower in the second quarter than in the quarter before. Only 5% raised rates, and 83% did not change them at all.
However, there were some signs that business was turning the corner at midyear. Molders’ average machine capacity utilization rose about 1.5 percentage points to 53%—still very low by historical standards. Almost 40% of respondents said their capacity utilization increased in the second quarter, versus 31% whose utilization was lower and 29% whose utilization was unchanged. This was the first time since early 2000 that more shops were gaining business than were losing it. Southeastern molders again enjoyed the highest capacity utilization, while those in the West had the most idle capacity.
Optimism prevails
Molders’ optimism about business conditions has increased steadily since the middle of 2001 and rose again at midyear 2002. More than 54% of respondents expected plastic mold business conditions to improve in the near term, while 14% expected worsening business and 32% foresaw no change. South Central molders again were the most optimistic, while North Central processors were the least upbeat.
Despite molders’ favorable outlook and increasing capacity utilization, there was a cautionary sign in declining orders for new plastic mold. According to reports from 82 moldmaking shops nationwide, tooling orders dropped an average of 6.4% in the second quarter. Shops reporting fewer mold orders outnumbered those with increasing orders by 34% to 28%. This was the third survey in a row that saw declining mold orders, but the decline has grown steadily less steep. by www.sino-mould.com.cn
Custom injection molders’ machine-hour rates dipped 1.3% on average in the second quarter of the year, according to 122 plants responding to our latest semi-annual survey. Rates have been dropping since the end of 2000. About 12% of respondents said their rates were lower in the second quarter than in the quarter before. Only 5% raised rates, and 83% did not change them at all.
However, there were some signs that business was turning the corner at midyear. Molders’ average machine capacity utilization rose about 1.5 percentage points to 53%—still very low by historical standards. Almost 40% of respondents said their capacity utilization increased in the second quarter, versus 31% whose utilization was lower and 29% whose utilization was unchanged. This was the first time since early 2000 that more shops were gaining business than were losing it. Southeastern molders again enjoyed the highest capacity utilization, while those in the West had the most idle capacity.
Optimism prevails
Molders’ optimism about business conditions has increased steadily since the middle of 2001 and rose again at midyear 2002. More than 54% of respondents expected plastic mold business conditions to improve in the near term, while 14% expected worsening business and 32% foresaw no change. South Central molders again were the most optimistic, while North Central processors were the least upbeat.
Despite molders’ favorable outlook and increasing capacity utilization, there was a cautionary sign in declining orders for new plastic mold. According to reports from 82 moldmaking shops nationwide, tooling orders dropped an average of 6.4% in the second quarter. Shops reporting fewer mold orders outnumbered those with increasing orders by 34% to 28%. This was the third survey in a row that saw declining mold orders, but the decline has grown steadily less steep. by www.sino-mould.com.cn
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