Imported $ 110 billion of the cutting tool sales of 33 billion yuan, all modern and efficient tool, regarded as modern and efficient End Mills is only 20 billion yuan, 220 billion domestic knives, only accounted for 10 percent to 15% and now the high-end market is mainly multinational companies occupy, this is a big problem.
Total sales of imported knives and domestic knives in 2010 reached 330 billion yuan, the first in the world. Tool in China in 2010 increased 40% over 50% growth in the first three quarters of 2010, the foreign business tool in domestic sales growth is also very good, there is no development of market demand are out of the question, with the market demand, which is our biggest advantage.
Tools as an important part of the equipment manufacturing industry, and cutting process equipment, determine the manufacturing industry in parts of the processing efficiency, accuracy, quality and cost. Speaking of the gap with the advanced technology, from the user's perspective, the largest gap between the two: First, the product structure of the entire industry behind a common standard tool still accounted for the majority, and selling well, even over the so-called low-alloy high-speed steel blades, low-grade products change very slowly, and there are also counterfeit, this is a serious problem. In 2010,
Second, from a general point of view, equipment, technology and services is still lagging behind. Although some companies and equipment conditions, technology in upgrading, but still can not meet the needs of users, I think the main problem is still service solutions, our users combine is not good enough. It's premise research and research with, I think that the word should head. Modern advanced manufacturing technology by the user enterprise to take the lead, our users have to take the lead, so as to drive the development of a large number of material suppliers, machine tools suppliers.
Global tool market from the future development trend, the next five years is expected year-on-year growth of 3% to 5%, this growth rate, we are still tied for the world's first chair. Tool supply from the domestic point of view, the domestic knives occupy the mainstream position, up to 65%. These years we have achievements like strains of drilling such a good business, plus the original four-tool factory, about 10 backbone enterprises, from the traditional tool into the the modern tool industry, and year after year developed well, they have entered a period of rapid growth. This is a very good performance.