A Brief Introduction on the Current Situation and Major Problems Existing in Abrasive & Abrasive Tools Industry—iAbrasive Report

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iAbrasive released on Wednesday a brief introduction on the current situation and major problems existing in Abrasive & Abrasive tools Industry.

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Centered on improving the quality and efficiency in economic increase in 2014, abrasives industry made the best of the opportunity of economic restructure to accelerate enterprise integration, speed up equipment upgrading and put automation intelligent equipment into use, which received considerable economic benefits. Meanwhile, in response to the government, abrasives industry adopted the energy-saving and emission reduction policy to develop market-oriented economy, which improved the overall economic situation. However, influenced by the industry of steel and iron, some companies are faced with a tough task.

1.The Overall Economic Situation
Abrasives and abrasive tools industry provides raw materials and tools for relevant industries, whose state of play have a direct influence on it. According to statistics of appropriate authorities, the output of crude steel was 779,000,000 tons in 2013, a year-on-year growth of 7.5 percent; the output of non-ferrous metal last year was 40,290,000 tons, a year-on-year growth of 9.9 percent; major products in building material industry hit another record, with cement witnessing an output of 241000000 tons, a year-on-year growth of 9.6 percent; Automobile industry also saw marvelous output increase. In short, the situation can be summarized as: a slight decline in product sales revenue and an increase in the total value of profits.

2.The Existing Problems in Abrasives Industry
On one hand, what we have always informed of is the severe over-capacity problem, among which brown-fused alumina, white-fused-alumina and silicon carbide bear the brunt. The demand for these products is slumping that many companies suffer from production halts. This has been mentioned by Chairman Xi, who pointed out that over-capacity problem is the source of rat competition by means of dumping.

On the other hand, an important factor has been the huge gap between the standard of energy-saving and emission reduction and how far most abrasives industry goes. Smelt industry often produces dust, exhaust gas and waste water doing great harm to local environment. The focus of the two sessions mainly deals with environmental pollution. Although a number of companies have embarked on governance program and received considerable effects, two-third of the corporations still have little control over pollution. Three reasons contributing to this are: some corporations pay little attention to the problem; small firms lack of funds to resolve the problem and dealing with pollution will increase costs.

iAbrasive reported.
To get more information about abrasive and diamond tools, please visit: http://www.iabrasive.com/.

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since: 08/2012
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