China’s rubber machinery industry post 20.6% of profit decrease in 2014
China’s mainly 28 rubber machinery companies posted 20.6% of profit decrease in 2014, compared to the same period of 2013, and one of them was in red, according to statistics accounted by Chemical Industry Equipment Special Committee of China Chemical Industry Equipment Association.
Since 2014, many new producers trooped into rubber machinery industry, which caused fierce price competition between regular rubber machineries.
Meanwhile, tire manufactures refused or delayed delivery time and payment, especially happened in the second half year of 2014, which were heavily affected on rubber machinery manufactures’ annual profit last year.
With labor cost rising year by year, rubber machinery manufactures will prefer enhancing intelligent technology during produce line, and reducing labor using.
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