China's machine tool industry added capacity to the international market

Due to the price drop, a large amount of new production capacity began to be transferred to the international market. In the first half of this year, the overall performance of the industry declined by nearly 20%. The CNC lathe industry is expected to see a new round of capacity growth in the second half of the year due to the fact that the cost and price have both declined, and the competitiveness in the international market tends to be stronger, coupled with recent policy support.

With the recent acquisition of foreign companies by leading state-owned enterprises, China's machine tool industry in the valley has shown internal adjustments, and the pace of internationalization has begun to accelerate. According to data from the China Investment Association, in the first half of the year, the domestic machine tool industry exports reached 3.825 billion yuan, an increase of 32.9% year-on-year.

After a period of rapid development, China's machine tool industry has achieved a significant advancement in the level of science and technology, especially some machine tool equipment with better market prospects, such as CNC cutting machines, CNC flame cutting machines, and CNC plasma cutting machines. This type of machine tool equipment In the intelligent technology to achieve international standards, cheap and good products have sufficient international competitiveness. According to the government’s steady growth signal, it is expected that the industry as a whole will still achieve an increase of 12% this year, with an increase in exports of more than 30%.