Jade Molds is proud to announce the sponsorship of their second annual Society of Plastics Engineers Foundation scholarship. The Jade scholarship is open to US citizens who are enrolled in plastics education programs, from associates through graduate degrees. More information and applications can be found on the SPE Foundation website.
Jade would like to congratulate the 2015 scholarship winner, Victor Batarseh. Victor is pursuing his Master’s degree in Chemical Engineering at Drexel University. He gained valuable experience and further knowledge while working at Arkema, Merck, and GlaxoSmithKline. He has been involved in a wide range of projects – from research and development to finished products.
“Working both at the beginning and end of line granted me a new perspective on the world of plastics, and let me see what really drives research is consumer demand for new and improved products.”
A strong trend that Jade has seen in recent years is the passion and emphasis that young people express for developing materials, products, and processes that help improve overall quality of life. Victor is an excellent example of this! At Arkema, he worked on creating new biopolymer-acrylic blends for medical and consumer applications which would make products more renewable. At Merck and GSK he assisted in evaluating the role of plastics in pharmaceutical packaging and manufacturing, helping to advance their goals of greater sustainability and reduced waste. Victor is excited to be participating in the plastics industry during a time of innovation and change.
“My degrees enable me to improve the lives of others, protect the environment, and move industry forward through sustainable processing and product design.”
Contact Gene Havel at SPE Foundation to sponsor scholarships for plastics students: firstname.lastname@example.org
You can find out more about scholarship opportunities at: http://leaders.4spe.org/forms/spe-foundation
More about Jade Molds: http://www.jademolds.comRead more
JADE builds injection molds in Zhongshan City for our customers in North America. Much has been written recently about China’s rising labor costs and the inflationary pressure on Chinese goods. That story has ended. Here are the facts:
- The economy is worse than what is reported on the news. Expect to see revised estimates of Chinese growth from 7% to less than 3%.
- Forget anything you’ve heard about rising wages and hard to find labor. Both large and small shops are closing all over leaving a surplus of workers. Near us, we know of 20 factories, from small to large, that have closed in the last six months. The largest and oldest manufacturer in our area is considering closing its doors. In our 8 years of owning a factory, it’s never been easier to find workers. We used to recruit aggressively to fill a position. Now we have about 20 applicants for each opening.
The rules of doing business in China have changed not only rapidly but significantly.
- The market has gone from a sellers market, where high demand allows sellers to pick their clients, to a buyers market, where buyers can dictate prices, as sellers are eager for work. In the new China normal, buyers can be proactive about negotiation and executives should expect improvements to the bottom line.
- In our business, prices for molds should are falling dramatically for you the buyer.
- The RMB drop alone means that buyers should be paying 7% less for tooling – but there’s more.
- Demand is way down. Mold bases, steel, ejector pins, services & components have all fallen 10% – 20%.
- All these facts combined mean a savings of 15% – 20% for U.S. Buyers.
If you are not seeing these savings, talk with JADE, we can advise you on how to win negotiations with Chinese buy using their negotiations strategies. If you buy injection molds or any other products from China, now is the time to take another look at your business. The bottom line is tool makers and all factories are hungry, and there’s a “new normal” that you should take advantage of to improve your profitability.Read more