European machine tool giants set the Chinese road map in full swing

Nicola Leibinger-Kammüller, the chairwoman of TRUMPF Group, Europe's leading manufacturer of sheet metal processing equipment, laser applications, and medical devices, recently stated her intention to "increase investment in China," though she declined to provide specifics, citing ongoing discussions and uncertainties. According to the national 12th Five-Year Development Plan for the machine tool industry, it’s projected that by 2015, China’s machine tool industry will reach an industrial output value of 800 billion yuan, with over 250,000 CNC machines produced annually, capturing at least 70% of the domestic market share. This vast market potential has reignited interest among老牌 European companies already established in China. Horst W. Garbrecht, chairman of power tool manufacturer Metabo, founded in 1924, announced plans to expand the company's subsidiary in Shanghai. He noted that the new subsidiary will serve as a hub for Asia, focusing not only on product development and manufacturing but also on customer relations across the region. Metabo isn't alone in targeting China; other European firms like TRUMPF, EMAG, INDEX, and GF AG have all outlined clear "China strategies." Meanwhile, Luo Baihui, CIO of Jinmo Machine Tool Network, disclosed that Tongfa Group, known for aggressive expansion in China, has acquired Jiangsu Jinfangyuan CNC Machine Tool Co., Ltd. However, when questioned about similar activities, a representative from TRUMPF Group confirmed they are in talks with a Chinese machine tool company but offered no further details. This surge in activity reflects the growing importance of the Chinese market for global manufacturers seeking to capitalize on its rapid growth and technological advancements.

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