Kinetic Die Casting Company discusses how Die Casting Part Prices are determined. A die casting company is sometimes also known as a Job Shop Manufacturer. In other words, the die casting company provides metal products to other manufacturing companies. These other manufacturing companies, sometimes are OEMs (Original Equipment Manufacturers). These die casting metal products, die castings, are used in the product produced by the OEM customer, who is always a manufacturing company.
Die casting part prices or diecastings prices are determined using only a few factors.
- Utilities Costs (Water, Gas and Electric)
- Overhead and Fixed Costs
- The Cost of Labor Rates
- The Number of Labor Hours
- Setup Costs for equipment and die casting molds
- Die Casting Metal Amounts
- Die Casting Metal Cost Each Pound
- Value Added Processes.
All of these variables listed to manufacture die casting parts. Typically die castings cost less than $1.00 to $5.00 each die casting part.
- Utilities Costs – Are used to melt the die casting metal for two or four hours prior to die casting production. The high pressure die casting machines use a lot of electricity to operate the high pressure pumps.
- Overhead and Fixed Costs – These are costs that are frequently overlooked, such as Rent, Insurance, Medical Benefits and Salaries for Management and Owners.
- The Cost of Labor Rates – There are typically many different labor rates depending on the job an employee does or the work experience and time in service.
- The Number of Labor Hours – Labor hours are the hours the die casting machine made parts but sometimes may include hours in inspection, packaging and processing.
- Setup Costs for equipment and die casting molds – There are hours of setup required before a die casting machine can make parts. It takes a few hours to put a die into the die casting machine, it takes a few hours to mount inserts into a mold base, it takes a few hours to melt a bath of metal before production begins.
- Die Casting Metal Amounts – How much die casting metal does each part need? How much was used to produce the part? How much needs to be removed in the clean up process? How much metal was lost and how much can be recovered?
- Die Casting Metal Cost Each Pound – Various die casting metal alloys have a different cost each pound. Some alloys are common and cost less than the more uncommon alloys. If an alloy is used for only one job, there is sometimes a minimum metal lot cost for the bath.
- Value added processes also sometimes known as Outside Process costs – The processes that are required to change the casting from the raw state to a completed part that our customer wants has a cost. Machining costs and coating costs are the more typical value added costs.
These costs are spread through out the production run of hundreds or thousands of diecast parts. When our customer needs only a few parts, they will need to pay a higher cost each die casting part to cover some of the variable and minimum costs.
Another Web Page with Die Casting Part Cost Information:
https://www.kineticdiecasting.com/kdc/optimal-die-casting-production-part-quantity/
Die Casting Part Prices
Contact Kinetic Die Casting Company to get a die casting part cost or die casting part prices:
Kinetic Die Casting Company
6918 Beck Avenue
North Hollywood, California USA
818-982-9200
sales@kineticdc.com
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