Machine tool industry production growth slowed

Among the more than 50 companies recently surveyed by the China Machine Tool & Tool Industry Association, 76.6% were enterprises with negative growth in new orders, 86.1% were enterprises with negative growth in orders, and the largest decrease rate even reached 84%, which means a considerable proportion. In the fourth quarter, companies may face the plight of all production shutdowns or even bankruptcy.

Since the beginning of this year, in the context of the tightening of domestic manufacturing investment and the impact of the international financial crisis, China’s machine tool industry has seen negative growth in profits and weakened corporate profitability. At the same time, the growth rate of production and sales across the industry has also declined significantly.

The latest data shows that in October of this year, the sales value of China's machine tool industry fell sharply as compared with the previous nine months. Among them, the growth rate of cutting tool manufacturing, machine tool accessories manufacturing, and other special equipment manufacturing industries accounted for a relatively large decline, with the year-on-year growth rate falling by 34.86, 26.34, and 27.05 percentage points respectively. From the perspective of the output of major products, the overall decline in 7 kinds of products in China's machine tools and tools industry in October saw a drop in the number of CNC machine tools, which was a drop of 62.75 percentage points year-on-year.

“The machine tool industry must get rid of the reliance on scale expansion and development mode, free itself from the impetuousness and anxiety of scale growth, and take the road of transformation, upgrading and sustainable development.” At the relevant meeting held on December 6th, China Machine Tools Wang Liming, executive vice chairman and secretary general of the Industrial Association, said.

According to the data, during the 10 years of the “10th Five-Year Plan” and “Eleventh Five-Year Plan”, China's machine tool industry achieved a sustained rapid development. Until the first half of 2011, the demand was still very strong. Most machine tools companies were in production and sales. Wang's excited state. However, since the second half of last year, the demand growth has slowed down significantly, new orders have fallen sharply, the economic situation has gradually become severe, and the profit rate has continued to decline.

Wang Liming stated that in the face of the new market situation, the machine tool industry must actively accelerate the adjustment of the industrial structure and take the initiative to eliminate low-value-added backward products. Enterprises should also insist on improving the market competitiveness of medium and high-end products as one of the core goals of transformation and upgrading, and accelerate breakthroughs. The core technology enables the product's accuracy to be truly recognized by users in terms of maintainability, stability, and reliability. In particular, by accelerating the industrialization and commercialization of technical innovation results, it is completely resolved that domestic high-end machine tools are similar to imported machine tools. Not like the problem, to promote the industry into a sustained, rational and stable growth phase.