The annual increase rate of CNC grinding machine import amount and value were 13.6% and 33.1% respectively in China from 2001 to 2005, in which the annual increase of the cylindrical grinding machine import volume was 31.7%, and the share was about 20%; and the value rose 63.1% annually, and the share was 32.55%.
It is forecasted that the overall increase pace of China plastic machinery industry was above 8% from 2006 to 2010, and the annual output value of plastic machinery will amount to RMB 14 billion by 2010, in which, the hollow molding machine will account for 5%, whose total output value will be RMB 700 million.
The annual revenue of plastic machinery business of Qinchuan Machinery Development Co., Ltd will be RMB 60 million in 2006, maintaining the annual increase pace of 15%.