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Due to the low threshold of entry into the local equipment manufacturing industry, Xinchang machinery and equipment companies have chosen the road to technological innovation for the sake of better survival. After decades of accumulation, a group of leading enterprises and hidden champions in the mechanical equipment industry have emerged in the direction of refinement and specialization. There is a strong corporate strength and technical support to ensure that the local machinery manufacturing industry, despite the previous year's profit was still negative growth in the same period last year, but now the production and sales rate has risen to 98.6%.
Machinery and equipment industry has become the leader in industrial development in Xinchang
At the beginning of this year, some of the leading enterprises in the local machinery and equipment industry in Xinchang quickly "sniffed" new trends in the revitalization of the country's industries and took the lead in implementing major technological transformation projects. The results are now beginning to show. The Wanfeng Auto Group invested 64.6 million yuan to research and apply new forging processes, and the aluminum alloy wheel strength and other indicators reached the international advanced level. In the first half of this year, Xinchang completed an industrial investment of 2.03 billion yuan, an increase of 7.8% over the same period of last year. The growth rate was 6 percentage points higher than the city's average level. Among them, the machinery and equipment sector has become the leader in many local industries with a 52.2% investment ratio.