Future development of China’s foundry industry

Foundry industry is a basic industry related to the national economy and the people’s livelihood. After China’s entry into WTO, China’s foundry industry will participate in international competition to a greater extent and in a wider range, which is both an opportunity and a challenge. On the one hand, the casting industry is an industry with high pollution and high energy consumption. In recent years, the casting output of industrial developed countries such as the United States, Japan and Britain has been decreasing, and casting production and supply bases have been built in developing countries. The outward transfer trend of the casting industry is becoming more and more obvious, which provides a good development opportunity for China’s casting industry. On the other hand, China’s foundry industry is still facing some problems, such as poor economic benefits, low casting quality, high energy and material consumption, poor working conditions, serious environmental pollution and so on. Facing the embarrassing situation of good market development prospect and low profit, China’s foundry enterprises must choose reasonable market positioning, actively expand market share and strengthen institutionalized management in order to remain invincible and achieve long-term and efficient development.

With the transfer of manufacturing center to China, industries that strongly depend on casting industry, such as machinery industry, automobile industry and aerospace industry, urgently require casting production to develop in the direction of high quality, refinement, high performance, multi variety, low consumption, low cost and low pollution. China’s foundry industry should stand at the height of the world, look forward to the future, seize the opportunity, find the right position, seek development, solve the key problems restricting development, give full play to the advantages of China’s abundant labor force, make China’s foundry industry adapt to the requirements of WTO as soon as possible and drive the development of China’s manufacturing industry.

Foundry industry is a typical labor-intensive industry. To improve its economic benefits, it is not only a problem of technological progress, but also a correct development strategy. In foundry production, the only way to maximize the output and benefit of foundry industry is to maximize the use efficiency of labor, capital, resources and technology and realize intensive production.