iAbrasive: Three Major Problems Existed in China’s Cemented Carbide Industry

iAbrasive--a professional e-commerce trading platform specifically founded for abrasives industry only--today announces a research has been conducted concerning the development status of China’s cemented carbide, which points out three major problems that the industry has encountered now.

> Enterprise is of small scale and not concentrated. According to statistics, the average annual capacity of 199 cemented carbide enterprises can only reach 176 tons, with average annual output of 86 tons. Moreover, only four companies can output over 1000 tons annually.

> Poor investment in science and technology, the lack of high-end technical personnels, as well as the weakness in research & development capacity.

> Product quality and structure need to be improved. China's cemented carbide production accounts for more than 40% of the world’s output, but the sales income is less than 20% of the world’s. 

With China's rapid expansion in auto industry, the demands for cutting tools from auto parts machining are increasing. Besides, China's also showing a strong demand for cemented carbide  in the fields of iron and steel, transportation, construction and others. 

The leader from iAbrasive shows: “China’s cemented carbide production is projected to reach 30,000 tons till the end of the 12th Five-Year Plan, together with the sales income reaching 30 billion yuan and deep processing products accounting for more than 40% of the total production.” 

It is assured that China’s cemented carbide will develop in the directions of deep processing, forming a complete set of tools. 

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About iAbrasive

Founded in 2012, and headquartered in Zhengzhou, China, iAbrasive has achieved dramatic growth in benefiting overseas abrasives buyers communicating with Chinese suppliers at anytime and anywhere. Positioning itself on the whole abrasives industry only, iAbrasive strives to be most professional abrasives trading platform and supply the best abrasives products for you. Link http://www.iabrasive.com to obtain the first news about abrasives industry.