Construction Machinery: After the high growth, the leading position of consolidation will win.

Report summary:

Rapid and sustained growth of investment drives the rapid development of the construction machinery industry From 2000 to 2010, China's fixed asset investment grew at an average annual rate of 23.6%, and industry sales revenue increased from 48 billion yuan to 446.7 billion yuan in 2010, an increase from 2000. 8 times, the compound growth rate is 24.7%. Future industry planning By 2015, sales revenue is expected to reach 900 billion yuan, and the compound growth rate will be 17% in five years. The growth of the industry will slow down for a long time.

The industry's booming degree has gradually declined, and the growth rate of sales revenue has gradually slowed. Along with the continuous decline in the sales growth of the industry, the growth rate of the industry's revenue and total profit has slowed down from month to month. From January to September 2011, the above-scale enterprises realized their main income 3 927 billion yuan, an increase of 36.8%; total profit of 38.5 billion yuan, an increase of 26.1%. From the perspective of growth rate, the monthly growth rate has dropped by about 3 percentage points since February 2011, and the rate of decline in industry profit growth appears to be even faster.

The year-on-year growth rate of finished products was as high as 63.2%, and the industry inventory pressure began to ease, but the pressure was still high.

2012 Industry Outlook:

Real estate purchase restrictions and railway construction have returned to normal, and investment in fixed assets has continued to fall.

Under the influence of the continued implementation of real estate purchase restriction and the gradual return of railway project planning, the growth rate of real estate and infrastructure investment will decline. The real estate investment growth rate is expected to fall to 10-15%; According to the current railway development plan, railway investment in 2012 A year-on-year drop of around 20%, the added mileage for the next five years of highway planning is equivalent to that during the “Eleventh Five-Year Plan” period. The investment highlights of rail transit and water conservancy planning are presented, but the proportion of investment in fixed assets accounts for a relatively small proportion. In summary, we expect that the 2012 fixed The growth rate of asset investment is about 18-20%.

The industry's production capacity has expanded dramatically and the future competition has intensified. In 2010, industry sales continued to be hot. Major companies have increased investment and expanded production capacity. Capital expenditures of major companies in the third quarter have increased by 50.6% year-on-year. Take the excavator as an example. In recent years, domestic and foreign construction machinery companies have expanded their production capacity. China estimates that the excavator production capacity will reach 385,300 units in 2012, and the annual domestic excavator production capacity will reach 500,000 units by 2015.

From the demand side, the future industry comes from the rapid expansion of the market is bound to weaken the momentum, the growth rate will gradually return to normal and stable growth. The peak period of the industry is expected to occur around 2020, with an annual demand of around 30,000-30,000 units. Therefore, it is expected that competition in the industry will be extremely fierce in the future.

Unbalanced production and demand, reduced capacity utilization, leading to a slow decline in the industry ROE In recent years, the expansion of major products, diversified development strategy led to the trend of horizontal whole-product chain competition in the industry, the industry will continue to destock inventory circulation process until next year In the quarter, under the imbalance of supply and demand, the industry's capacity utilization rate has dropped, and the industry's ROE will gradually decline at a high level.

As the industry enters the adjustment period and the competition intensifies, the leading enterprises will eventually win. In the future, the industry will face increased competition and downstream demand will slow down. The future competition will focus on product quality, brand, sales channels, after-sales service and comprehensive ability of supporting capabilities. on. Leading companies have strong financial advantages, strong technological research and development capabilities, product diversification, and a global strategic layout. In the midst of fierce competition, the “strong and strong” will eventually emerge.

The industry lacks trending investment opportunities and expects to overshoot and rebound. The short-term prosperity of construction machinery continues to fall, and the imbalance between production and demand reduces the profitability of the industry. It is expected that the industry will lack continuous investment opportunities in 2012.

At the same time, construction machinery is a short-cycle industry, most closely related to the country’s macro-control policies, and the most responsive to policy changes. Next year, the macro economy will face the choice of “guaranteing growth OR controlling inflation” and expects that the policy may shift to the oversold rebound opportunity.

The current adjustment of the investment strategy is a normal revision to the high-speed growth of the industry, while China's urbanization, new rural construction, and regional economic development support the industry's steady growth over the medium to long-term. From the perspective of the long-term value of the industry, it is suggested that Zoomlion pay attention to Zoomlion, Sany Heavy Industry, and Liugong 528), and the Hengli Oil Cylinder, which has obvious advantages in the key components field and benefits the rapid development of import substitution.

Standard Plastics <80℃

Some of the plastic variety that people will produce large, low price, wide use and wide influence is called standard plastic.Its connotation often changes with the development of time and science and technology.Important standard plastics are polyethylene, polypropylene, polyvinyl chloride, polystyrene and other varieties

standard plastics including polyethylene, polypropylene, polystyrene, PVC, acrylic - butadiene - styrene), poly (methyl benzene acid methyl ester and amino plastics and so on, its production accounted for more than 90% of the whole plastic production, so it is also called the large plastic varieties.

Merits and demerits

Compared with wood, metal, cement, glass and other materials, standard plastics have the following advantages and disadvantages.

Advantages: (1) easy to form, high degree of freedom of design;(2) easy coloring;(3) stronger than metal;(4) lighter weight;(5) easy to modify, easy to obtain required performance;(6) good electrical insulation;(7) good water resistance and no rust;(8) good chemical resistance;(9) production consumes less energy than metal;(10) as long as the waste plastics are treated well, the environmental damage and pollution will be less than other materials.

Disadvantages: (1) poor weatherability, especially in ultraviolet light, aging easily under uv light;(2) generate static electricity;(3) large thermal expansion coefficient and poor dimensional stability;(4) low surface hardness, easy to produce scratches;(5) poor durability and poor environmental stress cracking.

But with the continuous development of blending technology progress, as well as the standard polymer high-performance achievements, some of its insufficient gradually improved, broadens the application field of standard plastic, made of plastic in the position in the national economy more and more important.

Standard plastics has excellent performance, variety and versatility.Standard plastics can replace metal materials, cellulose materials and silicate materials with three traditional materials, and as the most powerful competitor of traditional materials.Standard plastics has been widely used in agriculture, light industry, textiles, electronic appliances, machinery, building materials, packaging and transportation and other departments, profoundly influences the whole development and the progress of science and technology, industrial and agricultural production in social development and national economic development, people's material and cultural living standards improve all aspects such as occupies very important position.

The purpose of standard plastics can be covered in the following aspects:

(1) Agriculture: various kinds of agricultural film, sheet materials, holding irrigation pipes, sprinkling irrigation pipes, fishing nets, breeding boxes, floating materials.

(2) industry: due to the electrical insulation of plastics, standard plastics are already used in the electrical industry to make insulating materials and packaging materials.Manufacturing parts and shells in electronic and instrumentation industries;Transmission gears and bearings in the mechanical industry;Chemical industry of various anti-corrosion containers, pipes, slots, tanks, etc.

(3) construction industry: Plastic doors, Windows, ceilings, floor leather, plumbing and pipe fittings, gas pipes and fittings, etc. are made from traditional materials such as wood and metal.

(4) Packaging: Various woven bags, packaging films, composite films, hollow containers, revolving boxes, corrugated boxes, packaging belts, foam plastics, etc.

(5) daily supplies: all kinds of plastic toys, toothbrushes, soap boxes, raincoats, tableware, utensils, slippers, etc.

(6) medical and equipment industry: all kinds of artificial organs, medical use infusion bags, one injection supplies, degradative medical materials.

(7) electric appliance industry: All kinds of office appliances and household appliances insulation, heat preservation, anticorrosive, moisture-proof housing, resistance to the tang, precise military components and so on.

Divisor in the above areas,standard plastics apply more extensive, at present, some standard plastics by modification to expand the application field, in the defense cutting-edge industry, transportation and aviation industry used as structural materials a lot.


Production:

(a)PE Plastic Sheet

(b)PP Plastic Sheet

(c)PMMA Plastic Sheet/Acrylic Plastic Sheet /ESD PMMA Plastic Sheet/ESD Acrylic Plastic Sheet

Standard Plastic,PE Plastic,PP Plastic,Acrylic Plastic

Dongguan Noegem Plastic Products Co.,Ltd , https://www.noegempLastic.com

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