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16:32, October 25, 2010      

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Annual sales of general machine parts are expected to increase some 23 percent to 250 billion yuan this year, up from 200 billion yuan in 2009, said a senior industrial insider.

"Without good basic components, there could be no satisfactory machines," noted Wang Changming, executive vice president of China General Machine Components Industry Association (CMCA).

The sector's development was noted by the State Council in its industrial adjustment and revitalization plan early last year.

Spurred by supportive policy, the general component industry has made substantial progress in quality, variety and production efficiency, said Wang.

Nevertheless, due to increasing materials and labor costs, the sector's profit margin is getting thinner. Wang encouraged domestic companies to increase investment in innovation and expand their distribution channels abroad.

The ongoing professional trade exhibition, PTC ASIA, provides a platform for trade and technological exchange between Chinese and foreign companies, Wang said.

Resource-efficient and eco-friendly technologies and products are a highlight of the event.

A range of components used for strategic projects like wind power, nuclear power, high-speed rails, urban rail transportation, engineering and automobiles are also on display.

As automakers are large consumers of general components, CMCA will cooperate with the China Association of Automobile Manufactures to organize a seminar on auto parts.

Source:China Daily


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