China Machine Tool Industry Research 2008
October 13, 2008
China Machine Tool Industry Research 2008
http://www.reportlinker.com/p091023/China-Machine-Tool-Industry-Research-2008.html
China’s machine tool industry plays an important role in world machine tool industry in recent years. In the aspect of output value, China has accounted 1/4 of the world machine tools. Therefore, the healthy development of China’s machine tool industry will promote the world machine tool industry continues to maintain a rapid development.
According to the National Bureau of Statistics data of whole machine tool industry, in 2007 the 4291 manufactories achieved RMB 274.77 billion in industrial output value, up 35.5 per cent year-on-year; RMB 268.1 billion of sale revenue, an increase of 36.2 per cent year-on-year; throughput of 97.6 per cent, an increase of 0.5 per cent year-on-year.
In 2007, the output of metal-cutting machine tool was 606,835 sets, an increase of 11.7 per cent year-on-year, among NC metal-cutting machine tool 123,257 sets, an increase of 32.6 per cent year-on-year; forming machine tool 172,766 sets, an increase of 9.2 per cent year-on-year, among NC forming machine tool 3,011 sets, an increase of 53.7 per cent year-on-year; Woodworking machinery production and casting machinery 19.2 per cent and 15.4 per cent year-on-year respectively, metal cutting tools fell 0.4 per cent year-on-year.
Machine tool export has continued to grow rapidly. In 2007 it made $5.2 billion, up 36.2 per cent year-on-year, including metal processing machine tool $1.65 billion, increased 39.2 per cent year-on-year, NC metal processing machine tool $500 million , an in crease of 48.2 per cent year-on-year, accounting for 30 per cent of the metal processing machine tool, metal-cutting machine tool $1.22 billion, up 31.6 per cent year-on-year, forming machine tool $430 million, up 66.5 per cent year-on-year.
In 2007, the imports of machine tool was $11.77 billion, an increase of 5.7 per cent year-on-year, among metal processing machines tool $7.07 billion, a decrease of 2.4 per cent year-on-year. China’s foreign trade deficit of metal processing machine tool reached $5.42 in 2007, lower than the same period last year $6.06 billion.
Considering the overheated economy and higher inflation, the central government has tied the monetary policy, which has already affected on some investments, particularly small and medium-sized machine tool investors. China’s machine tool industry is expected to slow down, but, on the other hand, high-value-added products such as NC machine tool, large and heavy machine tool will still keep a strong growth, especially the state key projects and 16 major science and technology projects will boost the domestic demand for high-technical NC machine tool. China is expected to maintain a strong demand for NC machine tool in the next three to five years; in particular the large-scale NC machine tools will remain a 30 per cent growth.
Contents1 The Circumstance of Global Machine tool industry1.1 Production1.2 Consumption1.3 Import and Export1.3.1 Export1.3.2 Import1.3.3 Total Amount of Imports and Exports1.4 Summary2 The Circumstance of China’s Machine Tool Industry2.1 The Performance of the whole Industry2.2 The Products of Metal-Cutting Machine Tool2.2.1 Output2.2.2 Value of output2.2.3 Value of output/per unit2.3 Import and Export of Machine Tool Industry2.3.1 Import and Export Amount2.3.2 Export destination2.3.3 Import region2.3.4 Export Products2.3.5 Import Products2.4 The competition pattern in Machine Tool Industry2.4.1 Types of Ownership2.4.2 Concentration of Machine Tool Industry2.5 Impact of Policy3. The future development trend3.1 The Domestic Products will Gradual Substitute Overseas Products3.2 Upgrading of Product Structure and high-technical Products3.3 Expansion of Export3.4 The Rising Price of Cast Iron and Increasing Cost4 key Companies4.1 Kunming Machine Tool4.1.1 Brief4.1.2 Performance4.1.3 The main Business-machine tool4.2 Zhejiang Tianma Bearing Co., Ltd / QIQIHAR HEAVY CNC EQUIPMENT CORPORATION LIMITEDFigure IndexThe Proportion of China’s NC Machine Tool of Metal-cutting Machine Tool 2000-2007The Output Value and Year-on-Year Growth of World Major Manufacturing Countries of Machine ToolsThe value of Output of World Major Manufacturing Countries of Machine tools 2002-2007The Market Share of World Major Manufacturing Countries of Machine Tools 2007The World Machine Tool Consumption of Major Countries 2002-2007The World Machine Tool Export of Major Countries 2002-2007The Output and Growth of China’s Metal-Cutting Machine Tool and NC Machine Tool 2000-2007The Output and Proportion of various products of China’s Metal-cutting Machine ToolThe Output and Proportion of various products of China’s NC Metal-cutting Machine ToolThe Output Value/per unit of China’s machine tool Metal-Cutting tool ProductsForeign Trade Deficit of China’s Machine Tool IndustryThe Amount of Export and Import and Growth rate of China’s Metal-working Machine Tool 1995-2007Foreign Trade Deficit of China’s Metal-working Machine Tool 1995-2007The Export Destinations and Growth of China’s Metal-working Machine Tool 2007The Share of Import Countries of China’s Metal-working Machine Tool 2007The Share of Export Countries of China’s Metal-working Machine Tool 2007The Amount of Exports and Growth of China’s Metal-Cutting Machine Tool Products Jan-Oct 2007The Amount of Imports and Growth of China’s Metal-Cutting Machine Tool Products Jan-Oct 2007The Ownership of Machine Tool IndustryThe Impact of tax policies on Machine Tool listed companiesComparison of Market Share Between Import and Domestic Metal-working Machine Tool 2001-2007The Amount of Foreign Trade Deficit and Growth of China’s Metal-cutting Machine Tool ProductsThe Output, Import and Growth of China’s Machining CentreThe Value of Output of Machining Centre and Proportion of Total Metal-Cutting Machine Tool of Major Countries 2006The Amount of China’s Metal-Cutting Machine Tool Exports and the proportion of Output Value and compared with the world average LevelThe Price Index of China’s scrap, cast iron, cokeThe Cost of Machine Tool IndustryThe Incomes and Growth of Net Profit of Kunming Machine Tool 2002-2007The Revenue of Kunming Machine Tool Main Business 2004-2007The Revenue of Machine Tool Business of Kunming Machine Tool 2003-2007Comparison of the Gross Profit Among Major Machine Tool CompaniesTable IndexThe Operation of Metal-Cutting Machine Tool IndustryThe Top 10 Output and Value of Output of Metal-Cutting Machine Tool Manufactories 2006The Top 10 Output and Value of Output of NC Metal-Cutting Machine Tool Manufactories 2006Bain Model of Industrial ConcentrationCosts Constitute of HT250 Hot MetalThe Impact of Rising Costs of Cast Iron on the Machine Tool industry’s Cost and Gross ProfitTo order this report:
China Machine Tool Industry Research 2008
http://www.reportlinker.com/p091023/China-Machine-Tool-Industry-Research-2008.html
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South China region aims high in aluminum industry
October 5, 2008
NANNING, Oct. 4 (Xinhua) — South China’s Guangxi Zhuang Autonomous Region plans to turn its Bose City into an aluminum industrial base in the country or even in Asia by 2010, according to regional government officials.
The region plans to realize an annual output value of 100 billion yuan (about 14.7 billion U.S. dollars) from the aluminum industry in Bose by 2010, local officials said at a recent conference.
By then, Bose city will produce 5 million tons of alumina worth20 billion yuan a year, and 2 million tons of electrolytic aluminum and aluminum alloy with an output value of 40 billion yuan.
Meanwhile, the city will invest in a series of aluminum processing projects.
China’s proven reserves of bauxite, the raw material to make aluminum, stand at 2.66 billion tons. More than 90 percent of the reserves are located in Shanxi, Guangxi, Henan and Guizhou.
The prospective reserves of bauxite in Guangxi were estimated to be 1 billion tons.
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China Tightening Foreign Investment Restrictions
September 7, 2008
Under pressure from nationlists, China’s government is expected to continue blocking approval of foreign investments in key sectors. In particular, any involving “national strategic industries,” a definition which now specifically includes the bearing industry. And while rejecting more foreign investors outright, it is also consolidating many sectors under state control.
The China Industrial Security Center, part of the State Economic and Trade Commission, said its studies now show foreign merger and acquisition activity in China has reached the point where it has led to essential monopolies in some industries, threatening domestically owned and controlled businesses.
In addition, foreign investment is seen as potentially weakening China’s control over its own destiny in developing infrastructure and supplying defense-related needs.
CISC holds that foreign investments have not produced the often-promised results — access to new technology, international synergies, productivity gains — or delivered operating advantages, or any special improvement in the business at all.
Instead, CISC says allowing foreign direct investment has many risks :
• Market manipulation. It now claims foreign investors use the Chinese companies as tools to control specific domestic Chinese markets, earn outsized profits, then ship those profits out of China and overseas to the parent company.
• Impact on local economies. CISC said China’s economic safety is at risk in allowing foreign financing and ownership of raw materials supplied to domestic energy, transportation, and similar infrastructure dependencies. Similarly, autonomy is at risk when foreigners own key support businesses in the finance and publication sectors.
• Hindering local industry. When they come to relying on foreign funding, input and control, the Chinese businesses become too passive in developing their own skills, products and technologies. This threatens the future of business and may ultimately threaten China’s defense security.
The bearing manufacturing industry was specifically cited as an example of one where foreign involvement should be limited. In the bearing industry, foreign ownership should spark concern — because reliance on foreign resources hinders organic domestic development of skills and resources, and also because it creates the potential for China to rely on foreign-owned bearing manufacturers for the availability of key components needed for domestic security.
• Foreign ownership of large businesses in China, with no government controls, is a threat to the traditional economic system, which relies on many small-scale manufacturers. CISC said foreign-owned multinationals have unfair advantages over local businesses which can be short of technology savvy, and/or do not have much export sales built up.
In China, small and medium enterprises (SMEs) account for as much as 70% of domestic manufacturing output. Their access to capital has been hurt by recent government reforms aimed at tightening inflation and throttling back overheated growth.
Recent statistics issued by the State indicate manufacturing businesses are involved in nearly a quarter of all foreign-funded M&A activity in China. Overall, there were 169 M&A deals in China during second quarter 2008 — up 225% from first quarter.
Despite the central government’s stance on majority foreign ownership, locally-solicited foreign investment has been accelerating in manufacturing-heavy provinces. For example, FDI in Sichuan Province this year is up 108% to USD $1.8 billion, despite May’s devastating earthquake. Over 180 new foreign-funded businesses were given approval to begin operations in Sichuan, down 13 percent from 2007. But those businesses have agreed to invest more than $4.2 billion, up 208% from 2007.
Arcelor Mittal was recently rebuffed in its efforts to become more deeply involved in the highly fragmented Chinese steel industry. The Chinese government is consolidating steel producers; it wants the 10 largest, currently at 35% market share, to be at 50% by 2010, and 70% by 2020. Lakshmi Mittal said; “I do not see that in a year or so, the Chinese government will change their strategy where they do not want foreign companies to have a majority control.”
Source: bearings-china.com.cn
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Packaging machinery sector set to grow
January 15, 2006
The total industrial value of the packaging sector in China is expected to reach 450 billion yuan (US$55.8 billion) during the 2006-2010 period with an annual growth of 7%.
Industry insiders said that the growth forecast is based on the ever-increasing demand for instant foods including microwaveable, leisure and frozen foods, directly promoting the development of the food packaging and related machinery industry. During the
2011-2015 period, the total output value of the country’s packaging sector will be up to 600 billion yuan with an annual growth of 6%, the industry sources said.
In product breakdown, by 2015, the production of paper packaging products will be 36 million tons; plastic packaging products, 9.46 million tons; metal packaging products, 4.91 million tons; and glass packaging products, 15.5 million tons. Meanwhile, the production of packaging machinery will be 1.2 million units or sets during the same period.
At the same time, China’s packaging sector will introduce high-grade raw packing materials and imported machinery or equipment in the coming 10 years so as to adjust its industrial structure, lower its raw material consumption, and improve product quality.
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Cummins to invest additional US$300 million
October 25, 2005
The world’s leading diesel engine producer, Columbus, Indiana-based Cummins, announced here on October 14 that it will add US$300 million worth of investment in China in the next five years. The company also plans to expand its business volume in China from $1 billion in 2004 to $3 billion in 2010.
After 30 years of development, China has become the largest overseas market for Cummins in the world, said Tim Solso, board chairman and CEO of Cummins. As the Chinese auto market
expands gradually and demand for auto parts and components rises sharply, Cummins sees a huge market space and development potential in China, said Solso.
He added that long-term cooperation between Cummins and its Chinese partners had also laid a solid foundation for the American company’s future development in the country. Cummins has so far invested US$140 million in China and owns 12 companies and enterprises in the country.
New investments will be earmarked for the joint venture production of 11-liter engines with the Shaanxi Automotive Industry Corporation in Xian, the cooperative development of new-generation of 13-liter heavy truck engines and exhaust systems with Dongfeng Motors Co Ltd, and the production of natural gas engines in China.
In addition, investment will also be allocated to the R&D center, which has been jointly set up by Cummins and Dongfeng Motors Co Ltd. In order to let its board members feel the strong vigor of the Chinese market and Cummins business in China, Cummins held its 2005 global board meeting in China, from October 8 to 14. It was the first time in the last 15 years that Cummins had held a global board meeting in a place other than the United States.
Cummins, a global power leader, is a corporation of complementary business units that design, manufacture, distribute and service engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Cummins serves customers in more than 160 countries and territories through its network of 550 Company-owned and independent distributor locations and more than 5,000 dealer locations. With more than 28,000 employees worldwide, Cummins reported sales of $8.4 billion in 2004.
The company is organized into four distinct but complementary business units. The Engine Business manufactures and markets a broad range of diesel and natural gas engines and aftermarket products for automotive, industrial and power generation applications. Cummins engines can be found in medium- and heavy-duty trucks, buses, recreational vehicles, light commercial vehicles and pickup trucks in on-highway applications, and in equipment in the construction, mining, agriculture, marine, rail and government markets.
The Power Generation Business is a global provider of power generations systems, components and services in standby power, distributed power generation, as well as auxiliary power in mobile applications to meet the needs of a diversified customer base.
The Distribution Business consists of Cummins wholly- owned and majority-owned joint ventures that provide Cummins products, parts, and service through more than 116 locations in nearly 80 countries and territories worldwide.
The fourth business unit is the Components Business, organized into four groups: Fleetguard (liquid and air filtration systems and Nelson acoustic exhaust systems found in heavy-, medium- and light-duty trucks), Emission Solutions (a provider of total system solutions that help customers meet the growing requirements to reduce oxides of Nitrogen (NOx) and particulate matter (PM) emissions from engine and power plant exhaust), Holset Engineering Co (designs and produces a comprehensive range of turbochargers and related products for diesel and gas engines in the 3.8 to 25 liter turbocharger range targeted primarily at the commercial vehicle and industrial markets), and Fuel Systems (designs, manufactures and remanufactures fuel systems for use on Cummins and other engines).
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