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The machine tool industry is the basic industry for industrial production and the most basic means to realize equipment manufacturing. With the rapid development of China's equipment manufacturing industry, the consumption of machine tool tools will continue to grow rapidly and become a prosperous market that attracts global machine tool industry enterprises.
Walter, the world's leading tool manufacturer, said on the same day that Walter will move its Asia-Pacific headquarters from Singapore to Shanghai and radiate across Asia with China as the center.
In addition, according to statistics from the National Bureau of Statistics on the investment of 13 machine tool users, the largest investment is in the automotive industry and the electrical and electronics industry, with a year-on-year increase of around 30%. Automotive and electrician electronics have become the leader in the development of machine tools.
Automobile manufacturing helps China's machine tool development
On April 9th, 2011 China International Tool Technology Seminar was held in Beijing. Liang Xunyu, an authoritative expert in the machine tool industry and honorary chairman of China Machine Tool Industry Association, said that the annual consumption of machine tools in China exceeded that of the three major machine tools in the US, Japan and Germany. With the sum of strong country consumption, China is still the world's largest consumer of machine tools.