In 2008, both the global and Chinese economies were expected to maintain steady and relatively rapid growth, providing a strong macroeconomic foundation for industrial development. Key industries driving economic progress include advanced sectors such as metallurgy, machinery, and light industry, which serve as fundamental pillars for industrial and civil applications. Meanwhile, high-tech fields like precision instruments, transportation, electronics, and aerospace represent the leading and cutting-edge industries that significantly influence national economic development. These sectors are experiencing rapid growth globally and in China, and the grinding industry plays a vital role by supplying essential products and services to them. For example, the development of China's steel industry, automotive sector, and foreign precision machinery is closely linked with the growth of the grinding industry. As a result, with the continued expansion of both the global and Chinese economies, the grinding industry was anticipated to maintain robust growth throughout 2008.
In an effort to meet market demands, the company planned to introduce two new product lines in 2008: corundum P-sand for coated abrasives and high-grade fine powder for precision grinding. These additions aimed to enhance the company’s product portfolio and better serve its diverse customer base.
Regarding pricing, the average unit price of brown corundum P-sand included tax, while the average unit price of white corundum micro-powder also accounted for tax. This ensured transparency and compliance with local regulations.
From a technological perspective, Henan Yilong High-tech Materials Co., Ltd. focused on improving three key areas in 2008: 1) refining the energy-saving technology used in brown fused alumina smelting; 2) enhancing post-processing techniques for brown corundum abrasives; and 3) conducting research and development on high-grade consolidated abrasive products. These efforts were aimed at increasing efficiency, quality, and competitiveness.
The company also anticipated that the cost of raw materials such as bauxite, iron filings, coal, and electricity would rise during the year. Consequently, adjusting product prices became necessary. The company planned to implement appropriate price increases based on specific cost fluctuations, ensuring sustainability while maintaining customer satisfaction.
In terms of market strategy, the company focused on optimizing its presence in the brown corundum sector. With environmental protection policies being implemented nationwide, major production bases were expected to have stable supply chains, leading to increased market competition. The national “two high and one capital†policy further regulated the industry, maintaining order but also introducing challenges due to rising input costs. As a result, brown corundum prices were expected to increase, though regional differences meant the extent of price changes varied across locations.
Domestic sales of brown corundum were projected to grow faster than exports, as export growth remained stable under the influence of national trade policies. Additionally, the company expanded its product specifications to meet the specialized needs of different application areas, thereby reducing market competition and improving overall market positioning.
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Jiangyin Yida Machinery Manufacturing Co.,Ltd. , https://www.yidamachinery.com