News

  • Jade’s 2nd Annual SPE Scholarship
    Comments Off on Jade’s 2nd Annual SPE Scholarship

    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: [email protected]

    You can find out more about scholarship opportunities at:  http://leaders.4spe.org/forms/spe-foundation

    More about Jade Molds:  http://www.jademolds.com

    Read more
  • How to benefit from the sudden end of rising labor costs in China.
    Comments Off on How to benefit from the sudden end of rising labor costs in China.

     

    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
  • Jade Supports Plastics Education
    Comments Off on Jade Supports Plastics Education

    Patrick Smith, president of Jade Molds, is proud to announce the sponsorship of a Society of Plastics Engineers Foundation Scholarship for US students studying in the plastics field. “We are committed to helping American companies re-shore plastics manufacturing, and to addressing the US skills gap in the industry. Lending financial support to students is one way that we can make a difference.”

    Another way that Jade is able to contribute is through volunteer service with the SPE Foundation. Jade’s Jennifer Snodgrass has been appointed to the Scholarship Review Committee. For 25 years, she has been involved with education and various non-profits which provided support and assistance for students, kindergarten through college. Snodgrass has also been working with Jade Molds to explore options for partnering with colleges, trade groups, and other plastics companies, to help promote plastics careers and education in the United States.

    “My personal passion is in helping young people acquire the tools and education to live fulfilling and independent lives. I was incredibly honored to be offered the opportunity to serve on this committee. Committee members must carefully review and evaluate hundreds of pages of student application materials. It is a hard-working and dedicated group of volunteers, devoted to aiding young people and upholding high standards in the industry. I am equally impressed by the talent, intelligence, maturity, and accomplishments of the students!”

    Read more

Back to Top