In 2007, with the rise of global raw materials and the increasing number of competitors in the global economy, cutting tool manufacturers are creating competitive products with high quality products and excellent services to create value for customers. Toolmakers are actively looking for future solutions for their own development and for the progress of the entire industry.
From the statistics of the tool industry, we can see that in the future, the proportion of cemented carbide will gradually increase. The rate of high-speed steel products will gradually decrease. According to statistics from the Japan Tool Association, China has become the world's largest consumer of machine tools, followed by Japan, the United States, and Italy. Asia’s economy has grown rapidly. According to the statistics of the Asian Development Bank, GDP growth in 2007 was about 10%, and India was about 8%. In a favorable economic environment, Japan's metal processing industry has continued to grow rapidly in recent years. From the perspective of tool output, the output of cemented carbide tools has continued to increase in recent years, while high-speed steel tools have begun to show a downward trend, and the import and export volume of cemented carbides are both Significant growth, the main export target for Asia, followed by Europe, then North America and other regions.
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