Sandvik Coromant R & D Funds Can Beat the China Industry Profits

According to the report on August 16, the 44th World Skills Competition entitled "Skill Olympics" will be held in Abu Dhabi from October 15-18, 2017.

Sandvik (SANDVIK Cornmant) as the contest sponsor, will provide support for CNC machining, CNC lathe, automation technology, manufacturing technology team creative contest, prototype modeling, plastic mold engineering contest a total of 6 sports related processing.

Sandvik Coromant is the global supplier of metal cutting tool industry ranked first, it can provide as many as 25000 kinds of products, the price is high, Coromant tools, good quality, wide range of products, leading technology, the modern manufacturing industry for its high quality products in Chinese plays an important role, its profitability to reach Chinese counterparts.

Due to the importance of China's tungsten and molybdenum, rare earth and other resource advantages and industrial manufacturing development potential, since entering China in 1985, Coromant companies continue to grow and develop in China. At present, there are factories in Shanghai, Wuxi and Langfang in China. Located in Sandvik Coromant Center in Langfang, it is the second world-class center put into use by the company after the Sandviken Center in Sweden, both centers represent the highest technical level of Sandvik Coromant and indirectly cultivate some of the professionals and senior skilled workers in China. 

Because of its focus on research and development, Sandvik Coromant's industry expertise continues to widen its gap with its Chinese counterparts. It is understood that at present more than 160 large-scale carbide plant in China, after years of development has made big progress, but the field of high-end alloy tools are still unable to match with Coromant and other foreign companies. Insiders know that Sandvik Coromant investment in research and development in the industry's premier, the annual tool R & D funding far exceeds the competition, and even some of the year can be worth the entire domestic alloy tool industry profits for the year. 

Facts have proved that the investment made by the Swedes in China has made extraordinary returns. With the overall progress of China's manufacturing industry, China has become the only country in the world with a complete industrial system. The demand for high-end cutting tools is far better than that of other countries, especially the rapid development of the aerospace industry. No matter from the material and structure of parts, the complexity of the quality or the harsh demands, all represent the commanding heights of the tool technology, Coromant in China's high-end tool market sales growth of 30% annual rate, has exceeded the average annual growth rate of domestic knives.

Although China's alloy cutting tools through continuous learning and strategic planning has made the volume of advantages, occupy half of the market. However, the main products are still high-speed steel knives and some low-grade standard knives. The middle and low-end markets are highly saturated with vicious competition with low profits. And with high added value, high-tech high-end tool market is still dominated by foreign companies, China's long-standing alloy tool companies still need to work hard.

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