2013 Mining Machinery's forecast

Expectation toward 2013 Mining equipment enterprises will seek to break through in creationJan 8th, 2013 Reports show that in 2012 due to decline of world economy, China’s outer and inner demand for mining machinery have shrunk to impede the industry development. According to statistics, from January to September in 2012, total industrial yield value of national mining machinery industry has reached 90.117 billion Yuan, up 11.43 percent over same period last year. The sales value has completed 87.162 billion Yuan, up 9.77 percent. The total delivery value for the whole mining industry has completed 53.028 billion Yuan, up 18.88 percent. All three data shows new lowest level for recent years.

Look forward to this year, China’s macro economy will maybe turn a bit compared to year of 2012, while the increasing speed for foreign export will slow gradually, which shows unfavorable factors are more. About the overall supply condition, the purchasing cost slowly going up, financial cost pressure slowing down, labor cost continuing steady growth, stock of engineering machinery enlarging for circulating sector, the overgrowth of production capacity is the biggest risk.

Having turned from high speed growth into middle speed and following down pressure in 2012, the mining machinery industry in 2013 will keep severe situation and no trace of turning. Facing such problems, the enterprises of mining machinery manufacturing should reform itself and increase creation instead of waiting passively for market warm and national policy support. For mining machinery companies which copy and reproduce products of others blindly, they lack competition ability and will be defeated in an environment of shrinking demand.