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The repeat order is significant.
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Jinan Machine Tool win another punch line to the U.S. auto manufacturing-China exports help the U.S. auto industry
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Jier puts stamp on order for Ford line in US
Updated: 2013-07-12 07:40
By Zhao Ruixue in Jinan ( China Daily)
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Jier Machine Tool Group Co Ltd - China's largest maker of metal-forming equipment - has won yet another order to build a high-speed stamping line for a Kentucky-based Ford Motor Co plant.
This will be the sixth stamping line that Jier builds for a US-based Ford Motor plant, and it is scheduled to be completed in April 2015, the company said on Thursday.
The State-owned company, which is based in Jinan, Shandong province, has an 80 percent domestic market share in the field of large-scale and high-speed stamping lines.
"The new order means that our products have been recognized by Ford Motor," said Zhang Zhigang, Jier's chairman.
A line that Jier built for Ford Motor's new plant in Kansas is already in operation, and is the factory's only stamping line.
Another four were installed at a factory in Detroit to replace some 20 stamping lines that were built in 1938. The installation project for the four lines will be completed early next year.
"This order is the largest single export order that Chinese machine tool producers have ever received in the field of high-end machine tools. It also means that for the first time, several complete stamping lines made by Chinese companies are being used by a well-known car manufacturer in a developed country," said Wu Bolin, the vice-president of the executive committee of the China Machine Tool & Tool Builders' Association.
Zhang said that is the first time in two decades that Ford Motor bought complete sets of stamping equipment from a country other than Germany.
"Jier has embarked on China's project of selling high-end machine tools to overseas markets," Wu said.
China has been the world's largest metalworking machine tool consumer for 11 consecutive years and the largest producer for four years in a row.
The country spent $38.28 billion on metalworking machine tools last year, accounting for 45 percent of the global total, according to data provided by the association.
Equipment made by Chinese factories only accounted for 64.3 percent of the domestic market for metalworking machine tools and for 55.6 percent of the computerized machines market.
Most Chinese machine tool companies can only make low-end equipment and rely heavily on imports for high-end computerized machines.
Last year, investment in research and development reached 1.024 billion yuan ($167 billion), accounting for 1.97 percent of the country's GDP, according to figures from the Ministry of Science and Technology.
China's import volume of machine tools registered a year-on-year drop of 15 percent to $2.9 billion in the first quarter, while the export volume was at $960 million, up 8.52 percent year-on-year.
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