China’s 27 largest steel companies saw a 15.7% decrease in the first-half profits from a year earlier for a combined profit of 10 billion yuan ($1.6 billion), according to the Shanghai-based researcher Wind Info, as soaring iron ore costs squeezed margins. We must grasp every chance to make our own company expand and eventually make our country”s mining machinery industry prosper.
Since the 1980s, ore beneficiation equipment manufacturing factories and industrial plants in the city have been relocated to places with lower land rental rates and labour costs, most notably thePearl River Delta. This caused a severe drop in the manufacturing industry”s share of the value of domestic imports and led to the rise of the tertiary industry. This caused unemployment problems and over-reliance on the service sector. The government is attempting to solve this through various means, including the development of high-technology manufacturing industries.
In mining machinery, there are mainly 4 series of mining equipment: stone cushing machine, sand makeing machine, powder making machine, ore dressing machine. Of course, burning-free brick machine and others are included. Nowadays, the mining market is mature, and expands so fast. The mining machinery suppliers must make revolution and improvment for future development and competition.
Manufacturing is the production of goods for use or sale using labor and machines, tools, chemical and biological processing, or formulation. The term may refer to a range of human activity, from handicraft to high tech, but is most commonly applied to industrial production, in which raw materials are transformed into finished goods on a large scale. Such finished goods may be used for manufacturing other, more complex products, such as aircraft, household appliances or automobiles, or sold to wholesalers, who in turn sell them to retailers, who then sell them to end users – the “consumers”.
China is huge, fast growing, manufacturing country. To continue in this vein they need huge amounts of raw materials. It is increasingly importing these to fuel its growth. In fact, China is forecast to be the world’s biggest coking coal importer by 2015. China’s increasing commodities imports are driving prices up, and that is hurting its own trade balance. What can it do about it? The most obvious answer is that it will have to mine more of its own raw materials to even slow this trend down. In order to do this it will need more mining equipment. This means more business for mining machinery manufacturers – Henan Hongxing is one of them.