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China's pump and valve castings market maintained steady growth

The economic downturn has had a huge impact on the foundry industry around the world, but the exception is that the pump and valve castings market in Asia has maintained steady growth, especially in the development of China's pump and valve castings market, which continues to maintain strong growth momentum. According to the news, China's pump and valve casting market will be 10% larger than the US market and four times the Japanese market.
China's casting market is huge, the foundry industry wants to be strong, and this huge cake is inseparable from the improvement of mechanization level, improving the production level of China's machinery, breaking the international monopoly on technology, developing its own core technology, and infiltrating international standards. Every step in the factory.
China is a big country of die-casting and casting, but it still needs to be improved in terms of production technology and industrial equipment. The 12th Five-Year Plan clearly points out that the main task of the development of the foundry industry is to give priority to the development of major technical equipment, including "large-tonnage die-casting machine casting unit". The goal is to provide equipment support for technology upgrades in die-casting companies. The development of die-casting technology equipment will contribute to the improvement of the level of die-casting machinery and equipment, thereby improving the quality and technical level of castings and promoting the development of the casting industry. The government has successively issued a series of policies to support the development of the domestic die-casting and foundry industry. For example, the government can simplify the procedures, reduce links, and implement smooth service in the administrative approval of the new upper die-casting project; and die-casting enterprises that meet the development of industrial policies. In particular, in terms of circular economy, safe production, environmentally friendly clean production and energy conservation, the government has given reductions and exemptions to the tax system, reducing corporate burdens and promoting enterprise development. In addition, the government has macroscopically implemented financial institutions within its jurisdiction. Regulate, encourage and support the financing and loans of local die casting and foundry companies.
In addition to the support of the state, foundry companies must also see the urgency of the market, from service, quality, technology, to brand, to achieve quantitative transformation to qualitative change, in order to obtain a larger living space.

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