Development of automotive castings manufacturers

With the development of automotive industry,the automobile products for automotive castings manufacturers have become in recent years one of the fastest growing export industrial products since 2003 to achieve a CAGR of 56.67%.In 2007,China's automobile engines,components total export value of nearly $ 30 billion,is expected in 2008 and 2009 export growth is expected to remain above 35%.
Although the appreciation of the renminbi,the U.S. recession,rising oil prices and the export tax rebate policy adjustment and other factors,automobile parts enterprises will affect exports,but because of China's automobile parts export in the global market share very little of these factors on automobile parts export impact is still relatively limited.The next few years, with comparative advantages,the automobile parts of China exports will still maintain growth.
Many products of auto parts,casting products occupy a pivotal proportion,such as: automotive engine block, cylinder heads,gearbox housings, intake manifold, exhaust manifold,crankshaft,camshaft,wheel hub,etc., are casting products.According to statistics, the U.S. automotive castings castings accounted for 33% of total production,while the automotive castings of China are only less than 20% of total production.
The automobile manufacturing industry of automotive castings China is a major downstream industries,a vehicle part is about 10.5% iron castings,6.4% aluminum castings,these castings not only in large quantities, but the quality Demanding. From 2000,China began casting production has been ranked first in the world, has become a veritable casting manufacturing country. According to statistics,over the past 10 years,the automotive industry has maintained rapid growth An average annual increase of 24 percent from 2000 's 2000000-2009 China's automobile production and sales volume exceeded 13.5 million,automotive castings output reached 10.33 million tons,in 2010 China's auto demand is 18370000 , production reached 18 million , automotive castings production reached 11.48 million tons.Annual GDP growth of the national economy over the same period was 10.5% higher than the average annual growth of the automotive industry GDP growth.

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