With the development of the world industry, the application of cutting tools is increasingly widespread. The cutting tools are productive in the process of processing. The concept of not consumables has reached a consensus in developed countries. The proportion of cutting tool consumption in manufacturing costs is 3%-4. %, while China's manufacturing tool consumption level only accounts for 1%-2% of manufacturing costs. In Germany, the United States, Japan and other manufacturing powers, the annual tool consumption scale is about 1/2 of the machine tool consumption, while the tool consumption in the Chinese market is only 18% of the machine tool consumption.
In the past 10 years, the consumption of machine tools in China's manufacturing industry has taken the lead, but the tool consumption has been left behind. This strange phenomenon has become a feature of the development of China's machine tool industry. For example, in 2010, China's machine tool consumption reached a record level of 28.5 billion US dollars. In the same year, tool consumption was 5 billion US dollars, and tool consumption was much lower than that of developed countries by about 50%. The huge gap in tool application levels is what a high-end tool manufacturer can do.
In 2019, we will deepen our customers and help our customers improve efficiency and reduce costs. We will focus on aerospace, energy, medical equipment and other fields to help customers reduce costs; we will fully implement the agent training upgrade program. Milling process, product expertise, application technology, efficiency improvement, and agents to help customers reduce costs.
2019, we are ready to meet the inspection of our customers.