Foreign CNC machine tools are targeted at private enterprises and need to spend 10 billion US dollars per year.

China's high-precision CNC machine tools still rely on imports. China has become the largest consumer of CNC machine tools for four consecutive years. It imports nearly 20,000 high-end CNC machine tools every year, and the annual consumption of machine tool purchases exceeds 10 billion US dollars.

CIM ES2006 (China International Machinery and Equipment Exhibition and China Machine Tool and Tool Fair Exhibition Fair), which will be held at China International Exhibition Center from June 12th to 16th, has expanded its exhibition area to over 75,000 square meters. The second largest international machine tool exhibition after the Chicago show in the United States. Among them, the international exhibition area reached 26,000 square meters, and many overseas exhibitors targeted the target customer base to China's private manufacturing enterprises.

The reporter learned that in recent years, many private enterprises have changed the principle of purchasing machine tools and equipment from “economical application” to “advanced application”. They not only started to purchase medium and low-grade CNC machine tools, but even dared to ask for more efficient and sophisticated high-end CNC machine tools. Due to the obvious competitive advantages in terms of performance and price ratio, Korean machine tools are increasingly favored by Chinese users, including many private enterprise buyers.

Daewoo Machines maintains the No. 1 position in the Chinese machine tool industry in the Chinese market, and has exported 4,000 CNC machine tools to China. A year ago, the shares of Daewoo General Machinery under the name of the former Korean government were transferred to Doosan Group, a large private company in Korea, and the company name was changed to Doosan Invigo. After four consecutive exhibitions in the name of Daewoo, the debut of CIM ES2006 was also the first time that it was exhibited with the new look of Doosan Machine Tool. According to Jin Xiongfan, deputy director of Doosan Invigo Co., Ltd., seven models newly developed for the Chinese market will be launched at the exhibition, and technical exchange meetings will be arranged.

Jin Xiongfan recently announced that he will increase the capital of China by 10 million US dollars to expand the scale of Doosan's Chinese factory. Doosan expects to sell 1,400 precision machine tools in China this year, 400 of which are from Doosan Corporation's Yantai Plant. It is said that the price of Doosan Machine Tools ranges from tens of thousands of dollars to several million dollars. Jin Xiongfan said that it is still 5-10 years for Chinese machine tool manufacturers to catch up with Doosan's level.

According to industry experts, the production of machine tool products, especially CNC machine tools, is an industry with high capital investment, high technology accumulation, long investment cycle and slow effect. Although foreign investors see the huge potential of the Chinese market, they are more cautious about investing in this field in China. There are almost no real joint ventures, and even if they invest and build factories, they all choose to establish wholly-owned enterprises. Although the production equipment of these enterprises has reached the world-class level and the level of information management is also high, it has no research and development capabilities. Therefore, the high-precision CNC machine tools required by China's manufacturing enterprises still rely on imports.

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