Industry News

Mining Enterprises Develops with Railway Infrastructure Revitalization

With the convening of the Great Eighteenth, China's economic situation is gradually clear. Learned from the ministry of the railway, there will be a generous investment of over RMB516 billion in the railway construction in next year. The announcement of this news makes thousands of industries especially mining machinery industry Heartened.

According to the general understanding, the railway has the features of big investment and long industrial chain, which drives the development of thousands of sectors. However, the incident of the Wenzhou motor car accident and the shortage of the late funds make the railway construction into a situation of digging to be built. The stagnation of the railway construction makes the related industries such as crushing and screening enterprises into the confused situation. Some enterprises even use machines to pay the debts, which suffers great losses.

With the support of the national politics and economy, the investment on the railway construction is expected to exceed RMB516 billion in next year. According to the information of the Hognxing Machinery, due to the long term stop of the railway construction, the price of the cement, steel materials and other raw materials required by the railway construction is in the doldrums in the first half of this year, which influences the sales of hongxing hammer crusher, impact crusher and other crushing equipment more or less. Although the overall sales stably grow, however, the number of the long cooperation large cement customers obviously reduces; at present, the investment on the railway construction continuously increases, which injects a cardiotonic to mining machinery industry.

The smooth operation of the railway construction can drive the national economic development, hence, in the next years, mining machinery industry can realize leaps and bounds in the new round railway construction tide.