Improve the profitability of cast products in China

The current world has entered the post-crisis development period. In the post-crisis era, the international and domestic foundry products market has shrunk, and the competition has gradually become incandescent. Coupled with rising labor costs and rising raw material prices, the prices of most of China's foundry products have dropped sharply. As a result, the profitability of the Chinese foundry industry has also plummeted.

Profit is the company's most primitive driving force for development. Losing profits will greatly dampen the enthusiasm of the enterprise and further affect the development of China's foundry industry. According to the survey, although the world's foundry product market has shrunk, the reduced part is in the low-end foundry product market, and the market demand for high-end foundry products is getting more and more prosperous.

As we all know, the huge production capacity of China's foundry industry is mainly concentrated in the low-end foundry field, which is in stark contrast to the domestic and international market demand for foundry products. As a result, the overall market space for Chinese foundry products has shrunk and profits have fallen. Therefore, in order to promote the continuous development of the Chinese foundry industry and improve the profitability of China's foundry, it is necessary to closely follow the changes in the world market, adjust the structure of the foundry industry, transform the production capacity of middle and low-end foundry products into high-end foundry product production capacity, and help China's casting. The industry reopened the market and restored and improved the profitability of Chinese foundry.