Double-digit growth in Powder Metallurgy production in China reported for 2013
April 1, 2014
According to figures issued by the China Machine Powder Metallurgy Association (CMPMA), production of structural Powder Metallurgy (PM) parts in 2013 reached 180,242 metric tonnes, an increase of 11.9% over 2012. The CMPMA report states that these figures are based on 51 responding PM structural part producers.
In terms of sales value the CMPMA reported an increase of 8.9% for 2013 to Yuan 590,448 million ($951 million) of which Yuan 79,641 million ($128 million) represented new PM products, an increase of 9.8% over the previous year.
Exports of PM structural parts decreased in 2013 by 2.9% to Yuan 60,617 million ($97.6 million). Total profits after taxes soared by 40.4% to Yuan 37,684 million ($60.7 million). The 51 reporting PM companies employed an average of 15,804 people over the year, representing a slight decrease (0.9%) over the previous year.
