Abstract In 2014, China's machine tool industry was under pressure, and the overall situation was still in the downside. From January to October, the revenue from the main business of the whole industry increased by 0.2% year-on-year, and the revenue from the main business of metal processing machine tools decreased by 1.8%. In the continued downturn in the domestic market, open...
In 2014, China's machine tool industry was under pressure, and the overall situation was still in the downside. From January to October, the revenue from the main business of the whole industry increased by 0.2% year-on-year, and the revenue from the main business of metal processing machine tools decreased by 1.8%. In the continuous downturn of the domestic market, opening up overseas markets and strengthening exports are becoming useful means for domestic enterprises to resolve excess capacity and achieve industrial transformation and upgrading. From January to October, the total export value of machine tools and tools reached US$9.57 billion, a year-on-year increase of 23.7%. Looking at the export, the overall export to the United States remains the first, indicating that the US economy and market consumer demand recovery trend is obvious. In addition, the recent increase in exports to Vietnam has increased significantly, and the expansion of the Indonesian market has shown that the processing industry in Southeast Asia is developing rapidly. Under the background of the transformation and upgrading of China's machine tool industry, overseas mergers and acquisitions or investment in building factories are still an effective means for enterprises to introduce technology and open up markets. In 2014, Nissin Seiki acquired an 80% stake in the world's leading horizontal machining center manufacturer and Italian MCM company. Zhejiang Taizhou Beiping Machine Tool acquired the professional manufacturer of old-fashioned grinding machines in Europe and Schneider Machine Tool Co., Germany. Dalian Machine Tool Group cooperated with Poly Technology and Russian National Technology Group Machine Tool Industry Co., Ltd. to establish a machine tool manufacturing plant in Russia.
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