New data confirms stalling of Chinese PM production in 2012
May 1, 2013
Additional consolidated data issued by the China Machine Powder Metallurgy Association (CMPMA) for a larger number of reporting PM enterprises, confirms our report on April 15, 2013 that the output of PM products in China flatlined in 2012.
Total production tonnage for the 53 reporting PM enterprises was stated to be 161,144 tonnes, which is level with the 2011 figure, whilst sales were also flat at Yuan 5.420 billion ($878.7 million).
The CMPMA reported that there were falls in total profits from the Yuan 636 million ($101 million) reported for 2011 to Yuan 478 million ($77 million) in 2012. There was also a fall in the production of new PM products year-on-year to Yuan 725 million. 11.5% of PM production was exported in 2012, an increase of 9.8% year-on-year.