After many years of development, the powder metallurgy still has a big gap with foreign countries, like small scales of most enterprises, low profit. Intense price competition and technological backwardness, lack of competitiveness. These problems, after these years of investment and technical improvement, has been significantly improved.
Through continuous introduction of foreign advanced technology and independent development and innovation, China powder metallurgy industry and technology presents a rapid development trend. Which is one of the fastest growing industries in the general machinery industry.
Global manufacturing is transfer to China, Automotive industry, machinery manufacturing, metal industry, aerospace, instrumentation, hardware tools, engineering machinery, electronic appliances and high-tech industries, get rapid development.In addition, the powder metallurgy industry has been included in the priority of China's development and encourage foreign investment projects, which will get a rapid development.
