High-end bearing industry sales will reach 222 billion

In recent years, China's mechanical casting industry has been steadily advancing in the traditional market, and is also actively exploring new markets. The current Chinese machinery casting industry is moving in the direction of high product quality and lower manufacturing costs.

With the continuous increase in the demand for stainless steel tools and hardware in China, with the continuous improvement of China’s economic status and the continuous development of China’s hardware industry, China’s hardware products are also increasingly exported to other countries, and the increase in overseas demand has directly boosted domestic demand in China. The increase in product output of foundry companies. According to Luo Baihui, secretary-general of the International Model Association, at present, China's hardware bearings have already formed a large economic scale, but due to the increase in development methods, industrial structure, independent innovation, and brand building, domestic demand will be boosted, which will lead to strong and powerful radiation effects. The basic machinery foundry industry, such as precision bearings, is a key industry for the development of the “Twelfth Five-Year Plan” and strives to bring it to or near the international advanced level. It is expected that with the support of the policy, by 2015, the sales volume of the high-end bearing foundry industry will reach 222 billion yuan.

The domestic high-end bearing casting industry is shouldering the challenge of the important mission of localization of high-end equipment in China, and considering the excellent R&D, casting, and innovation capabilities of Axis, we believe that in the future, it will be able to support the heavy responsibility of localization of major equipment in China.

Under the guidance of the "Twelfth Five-Year Plan", China's high-end bearing casting industry has formulated an industry development plan. Formulated guidelines for the development of the domestic mold industry with projects and exporting two carriages. Driven by various developments in rail transit, medical equipment, new energy, aerospace, automotive lightweighting, and rail transit, China's bearing casting industry has significantly improved its level.

Bearing foundry industry in the traditional market stability while advancing actively to explore emerging markets, and even the marginal market has been neglected in the past have also been developed, these factors make the mold market to achieve significant results. Looking forward to the future to achieve more brilliant achievements.