In 2018, despite taking over three months, the machine tool industry witnessed several significant developments. Let’s take a closer look at some of the key events that shaped the sector during this period.
Dalian Machine Tool has been undergoing a structured reorganization process. The company faced financial difficulties last year, including bond defaults. Recently, the first creditors' meeting was held on February 7, marking an intense yet orderly restructuring phase. Creditor claims have now been finalized, and the court has approved the company's continued operations. This marks a critical step toward recovery. The next stage will involve claim verification, asset liquidation, reorganization plan preparation, and the introduction of strategic investors.
Shenyang Machine Tool made headlines by successfully navigating its way out of a challenging situation. On February 27, *ST Shen announced the removal of delisting risk warnings, effective March 1. The stock abbreviation changed from “*ST Sink†to “Shenyang Machine Tool,†and after a one-day suspension, it resumed trading with a 10% daily limit. The stock saw a dramatic rebound, with notable gains following its return to the market.
The broader machine tool industry is gaining momentum as China continues to prioritize manufacturing. Chongqing’s Yongchuan District has emerged as a hub for high-end CNC machine tools, with major players like EMAG, Liebherr, and Degen already established there. Recently, Esvey Machine Tool, known as the "Porsche of the machine tool industry," signed an investment agreement with the Phoenix Lake Industrial Park. Similar efforts are underway in Quanzhou (Fujian), Zaozhuang (Shandong), and Maanshan (Anhui).
Kunming Machine Tool, however, struggled financially in 2017, reporting a net loss of approximately RMB 3.4–3.6 billion. Despite this, the company has been actively working on asset restructuring. One of its key moves was the public listing of the VMG6 5-axis simultaneous boring and milling machine at the Yunnan Property Rights Trading Center, with a minimum price of RMB 40 million. The proceeds will be used to improve liquidity.
China’s growing demand for machinery is driving increased imports. According to reports, Japan expects China to account for 1.7 trillion yen in machine tool orders in 2018, up 3% from the previous year. Germany also highlights China as a key market for its machine tools, with Chinese demand playing a vital role in the industry’s growth.
Finally, the 2018 China Machine Tool Exhibition (CME) took place in Shanghai from March 7 to 10. Hosted at the Hongqiao National Convention and Exhibition Center, the event featured five exhibition zones and attracted over 1,000 exhibitors and 105,000 visitors. Industry media, including China Machine Tool Business Network, covered the event live, providing real-time updates on the latest innovations and trends in the sector.
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