Enhance the Development and Innovation of New Products to Accelerate Globalization

At present, low carbon development has become the core issue of the entire automotive industry. Automakers and auto parts manufacturers are looking for ways to reduce the weight of the auto body for more efficient fuel consumption without affecting the performance and safety of the vehicle. This is especially the case after the boom of the new energy vehicle market. Major new energy vehicle manufacturers are doing everything possible to increase the range. Reducing the weight of vehicles is one of the important means to achieve this goal.

“In the context of the 'Dual-carbon goal’ and new energy strategy, the adoption of cleaner energy and reduced energy consumption is the future trend in the corporate market.” Mr. Zhang Tao, the deputy managing director of Guangdong Yizumi Precision Machinery Co., Ltd. (“YIZUMI”) and general manager of the injection molding machine division emphasized that “to keep pace with the development of the time, upstream material and equipment manufacturers must be one step ahead of the game.”

YIZUMI has developed horizontal turntable multi-component injection molding machines, vertical turntable injection molding machine, and special headlight injection molding machines for the automobile industry. It has also developed new technologies such as PU injection molding process, lightweight physical and chemical foaming technologies, and LGF in-line mixing enhancement technology.

In addition, YIZUMI has intensified its efforts to develop all-electric and hybrid injection molding machines. So far, the product specification of the all-electric injection molding machine has been extended to 1380 tons. The DCIM system and the molding solution for biodegradable materials have been put into use to fulfill the needs of customers in the auto industry.

James Zhang

Deputy Managing Director of Yizumi Group & General Manager of Injection Molding Machine Division

“Thanks mostly to the rapid growth of the new energy vehicle market, the global sales of YIZUMI’s injection molding machines in 2021 grew by about 30% YoY. The revenue generated by the automobile business now accounts for about 20% of the company's total revenue.”

Based on its profound knowledge and know-how in the automobile industry, YIZUMI has started in-depth cooperation with domestic and foreign automakers and high-end auto parts manufacturers such as BYD and Röchling. In the future, along with the introduction of new processes and turnkey solutions, YIZUMI is expected to be engaged in the manufacturing for high-end automobile users and become the best cost-effective solution provider.

YIZUMI currently invests approximately 3-5% of its revenue in R&D every year and will keep increasing the investment in the future to develop leading-edge products, new technologies, and new processes to enhance its competitiveness in product technology and solutions.

“Through the establishment of our Global Innovation Center, we connect the technologies between China and Europe, integrate innovation resources, and accelerate the application of new technologies. In the meantime, we will team up with the German R&D center in new processes and technologies to close the gap with our European competitors.”

YIZUMI has just completed the installation of the self-developed 8,500-ton ultra-large high-precision injection molding machine. This ultra-large injection molding machine not only sets a national record in China in terms of machine tonnage but also adopts various advanced technologies such as precision mold-opening control technology, dual-screw synchronous plasticization and injection technology, and injection compression molding control technology to meet the molding process requirements of customers' products.

“It can be said that this machine is YIZUMI’s milestone product.” said Zhang Tao. "The development of this machine played a leading role in the R&D of large injection molding machines in the industry. In the meantime, we have also achieved the leading position worldwide in the field of industrial ultra-large injection molding machines.”

8500-ton ultra-large high precision injection molding machine

In recent years, YIZUMI has strengthened its technical support and service capabilities in some important markets, including Germany, Brazil, India, Vietnam, Thailand, and the U.S. To achieve that, it has established overseas subsidiaries and set up sales outlets in more than 70 countries worldwide. Overseas sales are currently growing at a fast pace, with a revenue share of around 25%.

“In the past two years, the fastest-growing markets include not only the traditional markets in the developing countries but also the high-end markets in European countries such as Germany and Italy, indicating the rapid improvement of the overall competitiveness of our products.” “The globalization deployment and strategy has become one of the most important driving forces for YIZUMI’s future growth.” said Tao Zhang.

Currently, YIZUMI has four injection molding machine production bases, namely the China Wusha Factory 1, the China Wusha Factory 2, the China Wujiang Factory, and the India factory. The monthly production of injection molding machines at these factories exceeded 1,000 units in 2021. In addition, the third factory in Wusha, Shunde and the new factory in Gujarat, India are currently under construction. They are expected to be operational in mid-2022. When the new factories become fully operational, YIZUMI's overall production capacity will increase by another 1,000 to 1,500 units per month.

“When the external environment changes drastically, a company’s stable strategic deployment increases its resilience to risk. YIZUMI’s goal in 2022 is to maintain a moderate growth.” said Zhang Tao. “Over the past 19 years, YIZUMI has experienced many challenges. But we have always defied the odds with great resilience to stay on the path of growth.” YIZUMI will adhere to its business philosophy of "Creating value for customers” and provide turnkey solutions with competitive and leading technologies to global customers.