By this February, Euro has declined over 15% against Yuan since last August. In January, according to latest GAC data, China exports to the EU dropped 4.4 percent. The European buyers usually pay Chinese manufacturer with USD dollar. After Euro declines drastically against USD, they either ask Chinese manufacturers to lower the price or choose to reduce the order. For those China’s WPC makers mainly targeting in Europe market, they have to suffer from such depreciation for a while.
In accordance with the document of Ningke 【2014】No. 121 by Nanjing Science and Technology Committee notice that the “Rotational moulding modified special material” of Nanjing Jufeng Advanced Material Co., Ltd. has been considered as 2014 Jiangsu first batch new hi-tech product, which made Jufeng Company a hi-tech enterprise no longer just produce “WPC material” as the hi-tech product. Nanjing Jufeng Advanced Material Co., Ltd. focuses on the products development, and regards the recycling resource to develop the eco-friendly industry as its obligation to extend the applications of its products.
In view of the fast development of China’s WPC composite materials, it is necessary to open up new markets. In recent years there is apparent progress in the new products development in China’s WPC industry, especially in mold design which has had great attainment in a very short period, and machinery processing.