According to a report from S&P Consulting, mining machinery, relies much on its technological value; only if the technological level of a manufacturer is promoted continuously can its products not be ignored in the international market.
A move to "designed in China"
China is not strong in mining machinery manufacturing. It still lags behind the developed countries in machinery manufacturing technology. With the dampened world economy, the U.S. and other developed countries have talked about the concept of “return to manufacturing”. Meanwhile, the low-end mining machinery manufacturing has shifted from China to countries in Southeast Asia and other regions, which have lower manufacturing costs. In such a dilemma, how to create an advantage for the Chinese mining manufacturing industry?
Since the global financial crisis in 2008, the world economy has developed three major trends: first, the manufacturing industry revolution in developed countries has been accelerated, and the manufacturing industry has developed gradually in the digital direction; second, the global value chain and industry chain have been changed, and more and more multinational corporations have moved their R&D centers and distribution centers closer to the markets; third, the international trade and investment rules have changed. Restructuring of the world economic pattern is a crisis as well as an opportunity for the Chinese mining machinery manufacturing industry. Chinese government has encouraged machinery manufacturers to take part in making the global trade rules.
“The manufacturing industry should go towards to the top end. Mining machinery manufacturers should work hard on creating their core competitiveness!”, said An Jiatong, a beneficiation expert in Yantai, China. According to him, many mining manufacturers in China depend on imitation; they are uncompetitive and stand still in product R&D, technical transformation and so on; the actual contribution rate of the domestic mining machinery industry to mining is very low. When facing foreign rivals, Chinese mining manufacturers fail to contend with core competitiveness. The Chinese mining machinery industry should be restructured and upgraded through innovation, from the low end to the high end, and from pure machinery manufacture to machinery design and R&D; moreover, it should extend its after-sale service and production chains and increase the products’ added value to realize a transition from “made in China” to “designed in China”.