The automotive industry in Wuhan is accelerating rapidly, but the availability of high-quality local molds remains limited. According to a recent report, the city will invest 1 billion yuan to establish the "Wuhan Mould Industrial Park" in the Hannan Development Zone, marking the largest mold production initiative in Central China. This project aims to strengthen the connection between the local mold and automotive industries, fostering a more integrated and efficient supply chain.
Construction of the park is set to begin in January next year, with full operation expected by the end of 2009. At its initial stage, the project is projected to generate an annual industrial output of at least 3 billion yuan. The park is also expected to create around 15,000 jobs once it becomes fully operational.
The Hannan Development Zone has announced plans to attract 200 mold manufacturing companies from provinces such as Shandong, Guangdong, and Jiangsu—regions known for their advanced manufacturing sectors. Currently, three companies have already signed preliminary agreements and are expected to move into the park by the end of 2009.
Industry experts highlight that the mold industry is often referred to as the "mother of industry," with a strong return on investment, typically at a ratio of 1:10. Over the past decade, China's mold industry has grown at an annual rate of 15%, reaching a total output value of 65 billion yuan last year. Provinces like Shandong, Guangdong, and Jiangsu account for 80% of the national output. However, Wuhan lags behind, with only 2% of the country’s mold production.
A representative from the Hannan Development Zone pointed out that while the city's automotive sector is growing, the supporting mold industry has not kept pace. For example, when Dongfeng Motor Company recently held a bidding process for molds, all the winning bids came from foreign firms, leaving local companies unable to meet the required standards.
To address this gap, the park's early phase will focus on supporting Wuhan’s automotive industry by bringing in advanced mold-making enterprises. In the coming years, the park aims to expand its reach nationwide, offering high-quality molds for various industrial projects.
The Wuhan Development and Reform Commission emphasized that with the city's rapid development in key industries like automobiles, the demand for high-tech molds is increasing. Building a mold production base with appropriate scale and advanced technology has become a critical step in advancing Wuhan's modern industrial system.
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