Petrochemical equipment manufacturing is an industry that is highly related to petrochemical investment, and the investment boom is both demanding and demanding. In the first year of the “Twelfth Five-Year Plan”, the operating status of petrochemical equipment manufacturing industry can be summarized as “the overall trend is relatively stable, the growth rate has decreased compared with the previous year, the industrial structure has been further optimized, and high-end development has been highlighted”. According to experts, in 2011, the investment in fixed assets of the petroleum and chemical industries was 1.43 trillion yuan, a year-on-year increase of 23.4%. Among them, the chemical industry invested 960.126 billion yuan, an increase of 28.1%; refining investment was 147.2 billion yuan, an increase of 14.7%; oil and gas exploration investment was 272.305 billion yuan, an increase of 12.2%. As the investment in the petrochemical industry maintained a steady and rapid growth, it drastically stimulated the demand for equipment and provided the soil for the healthy development of the petrochemical equipment manufacturing industry. The structural adjustment and optimization of the petrochemical equipment manufacturing industry has steadily progressed and many important achievements have been achieved. The pace of product upgrades to high-end has been accelerated, and a number of major core equipments with high-tech content have been domesticated. For example, breakthroughs have been made in the localization of long-distance pipelines for natural gas pipelines, and before that, the equipments for the first-line and second-tier pipelines of the West-East Gas Pipeline all depended on imports; the supporting compressors, drag motors, frequency converters, and pipeline valves were also used. All have been successfully developed, achieved localization, and entered the trial operation stage. At present, the machinery industry is facing the pressure of development: the growth rate has generally fallen; the cost has soared; the growth rate of profits has declined significantly faster than that of production and sales; the demand has slowed down, the production capacity has expanded, the vicious competition has intensified; the external demand is sluggish; the export growth rate is declining month by month; Foreign capital has entered a fierce rush and domestic orders have been diverted. This shows that the extensive development environment for the survival of the machinery industry in the past few years is disappearing. Only by adhering to the structural adjustment and accelerating the transformation and upgrading can the machinery industry continue to achieve stable growth for a longer period of time. In the period to come, we must implement five strategies that focus on high-end, solid foundations, innovation-driven integration, and integration of green and green, and strive to improve the quality and effectiveness of development, focusing on high-tech, high-quality, high-value-added Breakthrough, and strive to achieve a leap from big to strong.

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