Foshan Yuhai Screw Machinery Co. LTD
It's time for Chinese machinery manufacturing companies to expand into ASEAN
Date: 2020-10-20 14:19:06


 The joint construction of the 21st Century Maritime Silk Road initiated by China is bringing the economic cooperation between China and ASEAN into a new stage. More and more Chinese machinery companies are optimistic about the big business opportunities brought by the new Silk Road.

  The machinery manufacturing industry has always been called the "mother of industry". It is not only affected by the upstream industries such as steel and petroleum, but also closely related to the downstream construction, extractive, and real estate industries. Due to the slowdown in demand growth in downstream industries and the increase in raw materials and other operating costs, the machinery manufacturing industry is facing a severe economic situation, and "going out" has become a necessary option for machinery manufacturing companies.

   ASEAN is vigorously advancing the construction of the ASEAN Economic Community, and the interconnection of infrastructure is an important part of the construction of the ASEAN Community. At present, a large number of infrastructure construction projects in ASEAN bring opportunities to China's construction machinery products, heavy machinery products, and electrical industry products, and it is time to "go out". In the first quarter of this year, the average growth rate of China's foreign trade dropped by 6.3% year-on-year, while the trade volume between China and ASEAN increased by 4.3% year-on-year.

   In 2014, the growth rate of China-ASEAN machinery industry trade was 3.6 percentage points higher than that of China's overall machinery industry trade. The bilateral trade volume reached 69.11 billion US dollars, an increase of 11.66%, accounting for 9.5% of China's overall machinery industry foreign trade.

   The Philippine government is determined to revitalize and redefine "Made in the Philippines". The government has allocated a budget of 1.5 million US dollars to carry out the "manufacturing recovery plan."

As for the metal products industry, the Philippine Ministry of Science and Technology has launched a project in the Filipino language "Makibayan" (literally "Limin Machinery and Technology"), to strengthen research and development, provide industry solutions, and develop local machinery and technology. Improve the skill level of practitioners through higher education and training, thereby creating a more favorable environment and stimulating the growth of metal processing and other related industries.

   At present, "Made in China 2025" has risen to the height of national strategy. Last year, China's macroeconomic situation was tight, difficulties in the operation of the machinery industry increased, and downward pressure was great. Improving the innovation capability of enterprises and realizing the transformation and upgrading to high-end machinery manufacturing industry are the long-term development strategies of Chinese machinery manufacturing enterprises.

   In the development process of entering ASEAN, Chinese enterprises have not only the geographical advantage, but also the policy advantage of the China-ASEAN Free Trade Area. On the one hand, the investment of Chinese enterprises is conducive to the adjustment of the industrial structure of ASEAN countries and the industrial upgrading of the machinery industry. On the other hand, investment in mechanical equipment and complete sets of equipment in ASEAN can also drive the export of my country’s mechanical parts and components. Trade and investment will interact positively and increase the added value of trade. The China-ASEAN Business Council is assisting Chinese machinery companies to develop new Silk Road ASEAN business opportunities. 


  Company purpose: We can design and manufacture all kinds of fastener machines for our customers. With the business philosophy of "quality first, customer first", we will provide you with the best products and services.

Cold forging machines currently include one-die two-punch, two-die two-punch, two-die three-punch, two-die four-punch, three-die three-punch, open and close die, etc., to make all kinds of screw products, such as woodworking screws, self-tapping screws, Fiberboard nails, drywall screws, various rivets, axle parts, etc., from simple types to various types with complex structures-the head and shank can be formed by a cold heading machine.

   You are welcome to visit our company site and purchase.

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