Industry News

Transformation and Upgrading of Mining Machinery Industry

Since last year, the increasing mode of the mining machinery industry has transformed from the high speed development to the medium speed one. The purchasing cost is increasing slowly and the financial cost pressure is also slowing down, while the labor cost still keeps growing. The intermediate link inventory of the engineering machinery is in large amount, so the overexpansion of the productivity becomes the biggest danger.

Large scale equipment featuring high technology, new design and new materials will be the future trend of the domestic mining exploitation industry. Additionally, the mining machines are developing towards the direction of being digital, intelligent, refined and ecological. Experts find that most of the Chinese mining machinery manufacturers produce their products by completely and blindly imitating other brand products on the market without adding their own thoughts. These mining machines are lacking competitiveness and will surely be abandoned by the market under the current economic situation.

However, China as the leader of the developing countries is not only occupying the lower end international market but also trying to take up the high end market. To strengthen the mining machinery competitiveness, manufacturers need to sense the perfect market chance, establish the innovation concept and change the past imitation development mode. As long as we make breakthrough in the field of core technology of the mining machinery manufacturing industry, we will win the market of the mining machines among so many competitors for sure.

Related Articles：
New Mode Vibrating Screen Advances Tightly with the Times