General Machinery Archives - MacroPolo General Machinery Archives - MacroPolo

General Machinery

The general machinery industry has been an important pillar of China’s rise as a manufacturing powerhouse. These private machinery companies have numerous specializations, ranging from component and precision tool makers to producers of heat exchangers and gearboxes. Their products are used in a diverse array of sectors from agriculture to logistics.

The industry’s growth has outpaced China’s economic growth. In 2016, the industry’s value-added output grew by 9.6%, compared to 6.9% for the overall economy. However, the industry is still replete with low-end manufacturers—fewer than 40% of the core components and materials for general machinery products are made domestically.

As China still relies on imports for high-end machinery, it wants to climb the value-added ladder and find partners and technologies to bolster its domestic machinery industry.

As China’s factor costs, such as labor and raw materials, continue to rise, downstream manufacturers are being forced to acquire machinery with higher efficiency and technological sophistication. The changing environment will incentivize Chinese companies to further venture abroad and acquire know-how from advanced markets with best industry practices.

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Nanfang Zhongjin Environment Co., Ltd.

Nanfang Zhongjin Environment Co., Ltd.

Nanfang Zhongjin Environment specializes in producing and selling stainless steel centrifugal pumps. The pumps that the company manufactures can be used in mining, water systems, farming, pharmaceuticals,...

Luoyang Longhua Heat Transfer and Energy Conservation Co., Ltd.

Luoyang Longhua Heat Transfer and Energy Conservation Co., Ltd.

Luoyang Longhua primarily manufactures heat transfer and condensation equipment. The company designs tailored cooling systems for petrochemical, electric power, and mining projects. In 2016, 6.2% of its...

Canny Elevator Co., Ltd.

Canny Elevator Co., Ltd.

Canny Elevator manufactures and installs elevators. The company's products are designed for residential and commercial projects, railway stations, and shopping malls. Canny's products are exported to over...

Taier Heavy Industry Co., Ltd.

Taier Heavy Industry Co., Ltd.

Taier Heavy Industry primarily manufactures transmission machinery products, including industrial universal shaft, gear coupling, shear blade, sliding plate, mandrel, compactor, auto transmission shaft,...

Bosun Tools Co., Ltd.

Bosun Tools Co., Ltd.

Bosun Tools is primarily engaged in manufacturing power tools. Some of its products include diamond blades, diamond core bits, table saw, floor grinder, and core drill machine. The company has six subsidiaries...