South Korean machine tool companies have increased orders and the industry has good prospects for development

According to the Seoul Economic News of South Korea, the Korean machine tool industry recently pointed out that despite the recent global economic downturn, the Korean machine tool industry has entered a good state. The outlook should be quite positive in the short term. Among them, South Korea's Doosan Infracore received orders for machine tools alone as high as 2,200 units in April this year, setting a new record, more than twice the monthly average order volume of 1,000 units last year, which has made South Korea prosperous. The operating rate of the original factory is as high as 130%. In addition, due to the recent substantial increase in the production of automobiles in China, the demand for machine tools has also been driven, and the operating rate of its factory in Yantai, China has also exceeded 100%. Another well-known company, Hyundai-Wia, has also increased its production plan this year by 50% compared with last year due to the significant increase in the number of orders it has received so far. It has increased the production line of its Changwon plant, and plans to increase the production volume of orders from OEMs from the second half of the year. From August, its machine tool 2 plant in Zhangjiagang, China will also start full-scale construction.