The value of imported machine tools in Shaoxing 2011 increased by 246% over the previous year

According to the news from Shaoxing Customs, in 2011, the city imported more than 400 various types of machine tools, with a value of more than 45 million US dollars, an increase of 246% from the previous year. According to statistics, the machine tools and equipment imported by Shaoxing City in 2011 mainly included machining centers, machine tools, and grinders. Among them, the average price of the combined machine tools reached US$ 190,000, and the import volume of medium- and high-speed machine tools increased significantly. The import ratio from Germany, Japan, and other developed countries witnessed the most significant increase.

According to analysis by industry insiders, there are mainly three main reasons for the significant growth of imported machine tools in Shaoxing this year. First, the shortage of labor forces companies to increase automation. Second, the continued appreciation of the renminbi will help reduce the cost of purchasing imported equipment and the country’s support for importing electromechanical products. The third and the most important reason is that companies improve product quality, increase product quality, expand production scale, and reduce production costs.