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Mobile WebSiteIn the early stage of the epidemic, various companies in the forging machine tool industry delayed their start-ups and severely blocked their production capacity. For the needs of epidemic prevention and control, forging machine tool companies in many places were affected by the notice of postponement, which disrupted their production plans and delayed the delivery of orders. Also during the epidemic period, logistics in many parts of the country was basically stopped, and the procurement and transportation of raw materials and spare parts were not timely, making production impossible; machine tools that had already been produced were also unable to be transported and delivered. Installation and commissioning and after-sales service personnel cannot reach the customer site. The halt of production and sales resulted in the inability to withdraw funds, but time would not stand still. Companies still need to pay wages, insurance and interest on bank loans, and bear huge burdens and risks. During the epidemic, there are many forging machine tool companies shutting down everywhere.
In March, under the guidance of the Party Central Committee and the State Council to coordinate the prevention and control of the epidemic and the restoration of economic and social order, the forging machine tool industry has accelerated the resumption of work and production. The resumption rate of key enterprises has risen to 66%, and machine tool enterprises in some regions have resumed work. Production progress has been faster, and the resumption rate has exceeded 70%. After March, the overall operation of the forging machine tool industry is gradually recovering. Subsequently, relevant national and local government departments issued a number of support and rescue policies, which played an active role in boosting the forging machine tool market and corporate confidence. This is also a good result of the national epidemic prevention and control. If the epidemic has not been effectively controlled before this, it is expected that forging machine tool companies will find it difficult to resume production and operation in the second quarter.
From April to May, my country’s economy developed in a neat and stable manner, releasing market resources for the forging machine tool industry, and also bringing opportunities for structural adjustment, transformation and upgrading of the forging machine tool industry. The main economic indicators of the forging machine tool industry have narrowed slightly compared to the same period in 2019, but market demand has shown a recovery growth, and imports and exports have gradually stabilized.
After June, the main economic indicators of the forging machine tool industry stabilized and improved, but the overall trend was still at a low level. In addition to the global spread of the epidemic, the world economy is seriously regressing, trade and investment are shrinking, and the political environment is complicated, and the uncertain factors in the export of forging machine tools are increasing. China Machine Tool Network believes that the import and export situation of the forging machine tool industry in the second half of the year Still grim.
As of August, my country’s epidemic prevention and control situation continued to improve, and the fundamentals of the economy were also stable. Restorative construction and investment after the epidemic could release more opportunities for the forging machine tool industry. At the same time, the second half of the year may be affected by uncertain factors. The annual economic indicators of the forging machine tool industry are expected to be basically the same as the previous year.
