The South Korean Machine Tool Industry Has Become Unconventional

According to South Korea's Seoul Economic News, the South Korean machine tool industry pointed out recently that although the recent global economic development has been sluggish, the South Korean machine tool industry has entered a better place. It is known as the “barometer” of the manufacturing industry and reflects the manufacturing industry conditions. The outlook should be quite optimistic in the short term.

Among them, South Korea's Doosan Infracore received orders for only 2,200 machines in April this year, a new record high, more than twice the monthly average of 1,000 units last year, which has made it possible for the Korean Changwon plant. The operating rate is as high as 130%. In addition, recently, due to the substantial increase in the production of Chinese automobiles and the demand for machine tools, the operating rate of its Yantai factory in China has also exceeded 100%.

Another well-known company, Hyundai-Wia, has also seen a significant increase in the number of orders received so far. This year's production plan has increased by 50% from last year. To resolve the volume of orders that may continue to accumulate, the company The company has increased its production line at its Changwon plant and plans to increase the production volume of orders from OEM manufacturers from the second half of the year. From August, its machine tool factory in Zhangjiagang, China will also start construction on a full scale.