The machine tool industry,2012 will be a very difficult year. Recently from the China Machine Tool Industry Association was informed that, as a result of new orders to reduce sharply lowered2012, association of industry output value is expected to increase, and expected total profit growth will fall further.

Machine tool association pointed out, our country machine tool market after years of rapid growth, in 2011 5, June new orders fell sharply, slowdown trend has been formed.

Machine tool association predicts,2012 economic operation speed compared with the 2011show apparent downtrend, output growth will be maintained at around 15%. Although the 15% is still a good growth rate, but in 2011the industry output growth as high as32.1%, this means2012will significantly slow down growth.

According to the machine tool association of more than 50enterprises in the survey found that nearly two years, each enterprise plant expansion, equipment purchase a huge investment, capacity expansion too.

Data shows, the year 2011of industry of machine tool tool total fixed assets investment completed221450000000 yuan, grew 54.7% compared to the same period, the equipment purchase amount grows 54% compared to the same period.

Machine Tool Association said," the rapid increase in investment, ensure the machine tool industry technology and equipment is advanced, help improve the vigor of the enterprise and core competition ability, but also can cause the capacity is too large, repeat the question such as construction, eventually will form the market competes without foreword, waste of resources."

At the same time, the bank loan becomes loose somewhat, capital insecurity is not a fundamental change; exchange rate floating pressure continuously, foreign trade advantage weakens; foreign products, a large number of imports, domestic enterprises significantly increased pressure and other factors also increase the difficulty of machine tool business.

In the above factors, the expected association of machine tool industry in 2012, the total profit growth will be in 2011 on the basis of further down.

The 2011 data show, machine tool industry realizes gain 44580000000 yuan, year-on-year growth of 28%; production value profit rate is 6.7%, with on year reduce0.3 percentage points.