From May 25 to 26, 2012, a high-level meeting of China's compaction machinery industry was held in Luoyang, Henan. The meeting analyzed the current road and railway construction and investment situation, and reported the sales of main products of construction machinery from January to April 2012.
Wu Jingwu, secretary-general of the China Construction Machinery Industry Association’s Sub-committee on Pavement and Compaction Machinery, pointed out in his speech that in 2011, funds for the construction of highways were RMB 1.064894 trillion. Compared with the amount of investment completed, the fund's arrival rate was 84.5%. In 2011, the investment in railway infrastructure contracted sharply to only 461 billion yuan, down 34% year-on-year. From January to April 2012, the transportation sector completed a fixed asset investment of 285.79 billion yuan, a decrease of 5.2% year-on-year (3015.1). In 2012, the Ministry of Railways will coordinate arrangements for investment in fixed assets of 500 billion yuan, of which infrastructure investment will be 400 billion yuan, and the new line will be put on production to 6,366 kilometers, which is a further decrease from 2011. He said that from the cumulative sales of major construction machinery products from January to April this year, there has been a substantial decline, of which road rollers, paver fell by more than 50%, in particular mechanical roller sales fell 56.6% year-on-year; Sales of excavators, bulldozers, and truck cranes fell by more than 40%, and loaders fell 26.3% year-on-year.
He emphasized that it is expected that the investment in highway construction in 2012 will be at the level of 1,000 billion yuan. In the situation where the total volume shrinks, the procurement of construction equipment is limited. Therefore, all companies in the industry must base themselves on the actual situation of the company. While constantly developing the market, they must strengthen internal management, work hard to practice internal strength, reduce consumption and increase efficiency, and improve the economic operation of the enterprise.
Wu Jingwu, secretary-general of the China Construction Machinery Industry Association’s Sub-committee on Pavement and Compaction Machinery, pointed out in his speech that in 2011, funds for the construction of highways were RMB 1.064894 trillion. Compared with the amount of investment completed, the fund's arrival rate was 84.5%. In 2011, the investment in railway infrastructure contracted sharply to only 461 billion yuan, down 34% year-on-year. From January to April 2012, the transportation sector completed a fixed asset investment of 285.79 billion yuan, a decrease of 5.2% year-on-year (3015.1). In 2012, the Ministry of Railways will coordinate arrangements for investment in fixed assets of 500 billion yuan, of which infrastructure investment will be 400 billion yuan, and the new line will be put on production to 6,366 kilometers, which is a further decrease from 2011. He said that from the cumulative sales of major construction machinery products from January to April this year, there has been a substantial decline, of which road rollers, paver fell by more than 50%, in particular mechanical roller sales fell 56.6% year-on-year; Sales of excavators, bulldozers, and truck cranes fell by more than 40%, and loaders fell 26.3% year-on-year.
He emphasized that it is expected that the investment in highway construction in 2012 will be at the level of 1,000 billion yuan. In the situation where the total volume shrinks, the procurement of construction equipment is limited. Therefore, all companies in the industry must base themselves on the actual situation of the company. While constantly developing the market, they must strengthen internal management, work hard to practice internal strength, reduce consumption and increase efficiency, and improve the economic operation of the enterprise.
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