Growth in China’s Powder Metallurgy production stalls in 2011
April 3, 2012
The state-controlled slowdown in the growth of China’s automobile and motorcycle production in 2011 has impacted negatively on Chinese PM part production.
Vehicle production grew by just 0.84% to 18.149 million units in 2011, and there was also just 1.3% growth in motorcycle production to 26,927 million units.
These two sectors combined consumed around 64% of PM part production in China in 2010 but this is said to have declined to 56% in 2011.
According to statistics from the China Powder Metallurgy Machine Association (CMPMA) full year PM production among the 53 reporting PM enterprises declined by 1.5% to 161,205 metric tonnes with most of the decline attributed to a slowdown in demand from the transportation sectors in the final quarter of 2011.
This is the first recorded decrease in the volume of Chinese PM production, however, the sales value of PM products managed a 7.4% increase in sales value to Yuan 5.431 million ($863 million) but with profits shown to be down by 16.5% to Yuan 636 million ($101 million).
There was a 21% increase in the production of new PM products in 2011. Exports of PM products from China, which account for around 10% of total PM production, declined by over 9% in 2011.
Posted by: Paul Whittaker, Editor ipmd.net, [email protected]
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