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 Reorganization Progresses Smoothly**
Dalian Machine Tool faced severe financial difficulties last year, including bond defaults. However, recent updates indicate that the restructuring process is progressing in an orderly manner. Following the first creditors' meeting on February 7, the company has made important strides toward recovery. The court has approved its continued operations, and the claims declaration phase has concluded. The reorganization team is now focusing on verifying debts, liquidating assets, preparing a restructuring plan, and seeking strategic investors to help revive the company.
**Shenyang Machine Tool Makes a Comeback**
Shenyang Machine Tool, often seen as a leader in the industry, made headlines in early 2018. On February 27, the company announced the removal of delisting risk warnings, with its stock resuming trading on March 1 under the new name “Shenyang Machine Tool.†After years of losses, the stock saw a dramatic rebound, with significant gains on its return to the market. The stock surged over 2% within minutes on March 9, reaching 12.41 yuan, with a high turnover of 560 million yuan.
**Machine Tool Industry Gains Momentum Across China**
With growing national emphasis on manufacturing, the machine tool industry has become a focal point of development. Chongqing's Yongchuan District, known for its early investment in high-end CNC machine tools, recently signed an agreement with German company Esvey Machine Tool, dubbed the "Porsche of the machine tool industry." Other regions such as Quanzhou (Fujian), Zaozhuang (Shandong), and Maanshan (Anhui) are also actively expanding their machine tool sectors, showing strong regional commitment to industrial growth.
**Kunming Machine Tool Continues to Struggle**
Despite ongoing efforts to stabilize operations, Kunming Machine Tool reported a net loss of approximately 3.4 to 3.6 billion yuan in 2017. To improve liquidity, the company recently sold a 5-axis boring and milling machine at the Yunnan Property Rights Trading Center, with a minimum listing price of 40 million yuan. This move is part of broader efforts to streamline operations and address financial challenges.
**China’s Market Recovery Boosts Machine Tool Imports**
According to reports from Nikkei Chinese, China’s machinery demand is expected to grow steadily in 2018, with increased orders for machine tools. Japan, for instance, expects machine tool exports to China to reach 1.7 trillion yen in 2018, up 3% from the previous year. Germany also highlighted China’s growing importance as a market for its machine tools, with the country playing a key role in the industry’s global expansion.
**CME Exhibition in Shanghai Highlights Innovation**
The 2018 China Machine Tool Exhibition (CME) was held in Shanghai from March 7 to 10, featuring five exhibition areas covering metal cutting tools, forming machines, cutting tools, accessories, and smart factories. Over 1,000 exhibitors participated, drawing more than 105,000 visitors. Industry media, including China Machine Tool Business Network, provided live coverage, showcasing the latest advancements and trends in the sector.
As the industry continues to evolve, these developments reflect both challenges and opportunities for machine tool companies across China.
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