CMPMA reports renewed growth in PM production in China in 2016
May 25, 2017
Following a drop of over 6% in PM component production in China in 2015, the China Machine Powder Metallurgy Industry Association (CMPMA) reported that PM production was again on the increase in 2016 albeit at a modest 3.3%.
PM component production at the 45 reporting PM companies reached 187,165 tonnes in 2016 whilst sales of PM components increased at a higher rate of 5.6% to 184,536 tonnes. The total sales value of structural PM part production at the 45 reporting companies was claimed to have increased by 3.5% to Yuan 6461 million ($937.6 million) of which 10.3% represented new PM products.
Exports of PM products increased by 13.5% to Yuan 818 million ($118.8 million) in 2016. Total profits reported by the PM companies increased by 26.1% to Yuan 627 million ($91.1 million).