General machinery parts output value has growth

China General Machine Components Industry Association has announced that General Machine Components Industry GDP grew only 6.4 percent last year, which is the lowest recent years, down from 12.1% in 2008. Fasteners and powder metallurgy industry even have negative growth of -1.5% and -2%. According to reports, General Machine Components industry output since 2006 has maintained a double-digit growth. China General Machine Components Industry Association said in 2012 the industry suffered the most difficult times in recent years, compared to the global financial crisis in 2008, the more serious problems encountered by industries and enterprises.

Founded in 1989, China General Machine Components Industry Association (CMCA) is a registered national industrial organization having the social entity as a legal person with the approval from the Ministry of Civil Affairs. It is voluntarily formed by the manufacturers, research institutes and related associations in the fasteners, gears, chains transmission, springs, powder metallurgy, and couplings industry.

In the complex domestic and foreign downturn grim development situation, on the one hand, enterprise development funding significantly increased; on the one hand, there was a dramatic decrease in corporate profits. Besides, fasteners suffered the international trade protection impact which results in the range of exports narrowed significantly; less order, upgrade, products optimization, green manufacturing, lack of funds, labor drain and other series of problematic issues, are pooled together in 2012.

China General Machine Components Industry Association also said that in last year, precision hardware has growth totally. The gear output value reached 195 billion yuan, a year-on-year increase of 9.5%; gear exports is relatively stronger which is $ 4.543 billion with an increase of 18.3%; precision parts manufacturer said that chains, springs and transmission joints basic sub-industry growth rates is 8%; however, fasteners, powder metallurgy industry has emerged negative growth, year-on-year growth of between -1.5 to -2%.

Association reported that the reason why fasteners and powder metallurgy industry has negative growth is that lack of market demand. Especially fasteners are suffered by the international anti-dumping, which caused export sales showed a downward trend.

However, China General Machine Components Industry Association believes that, the development of the industry has switched from the high-speed growth stage to the high-quality and stable growth period. And “from the forecast analysis trend of economic development in 2013 at home and abroad, the industry should be better in 2013 than in 2012”.

www.precisionhardware-rj.com is a professional factory engaged in R & D, design, manufacturing and sales of precision springs. The company introduced Taiwan and foreign advanced equipment and production technology, which professionally manufactures various kinds of wire springs, extension spring, compression spring, torsion spring, battery spring, nozzle spring, snap spring, square flat wire spring, constant force spring, clockwork, shrapnel and all kinds of high precision springs.

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