The foundry industry is closely related to the machinery industry, and the development of the machinery industry will directly drive the development of the foundry industry. In particular, several pillar industries currently supporting the rapid development of the machinery industry – automobiles, power generation equipment, machine tools, etc., are closely related to the foundry industry, and have an obvious driving effect. Therefore, in the long run, the development trend of China’s foundry industry is very good, and there are many opportunities.
Looking back at the late 1990s, the annual output of castings in China was about 10 million tons. Since 1999, the annual output of castings in China has continued to rise. 12.65 million tons in 1999, 13.95 million tons in 2000, 14.89 million tons in 2001, and 16.26 million tons in 2002. However, from the current point of view, China is only a big country in the foundry industry, not a strong country. “Large” is mainly manifested in many factories and high output; “not strong” is manifested in many aspects such as management, product quality, process equipment, production efficiency and energy consumption, environmental protection and production concentration. Therefore, Chairman Guo believes that the key to revitalizing China’s foundry industry is to work hard in these areas. In particular, we must take the export of castings as a breakthrough to revitalize the foundry industry.