Machinery Basic Parts Industry Revitalization Program Released

Recently, the Ministry of Industry and Information Technology has issued the Implementation Plan for the Revitalization of the Mechanical Basic Components Industry, and plans to increase the supporting capacity of China's major equipment basic components to more than 70% through three years of efforts. Encourage enterprises to cross-industry, cross-ownership mergers and reorganizations, and strive to form a number of enterprise groups with international competitiveness and annual sales of over 5 billion yuan. The implementation period of the plan is from 2010 to 2012.

Mechanical basic components mainly refer to: bearings, gears, molds, hydraulic components, pneumatic components, seals, fasteners, etc., are an indispensable part of the equipment manufacturing industry, directly determine the performance of major equipment and host products, Level, quality and reliability.

The "plan" proposes to adopt a three-year effort to break through the bottleneck in the development of a number of key components and components in areas such as energy development, transportation, new rural construction, new material preparation, energy conservation, environmental protection, and comprehensive utilization of resources.

The "Proposal" also proposes to cultivate 100 enterprises with large scale, high professionalism, distinctive characteristics, and well-known brand products. Attract multiple capital investments in the basic components industry. Relying on existing resources, it has increased support and guidance for existing industrial agglomerations such as bearings, gears, hydraulic parts, seals, and fasteners, and has guided enterprises to gather in industrial parks to strengthen the concentration of castings, forgings, and heat treatment in clusters. To produce and nurture a group of special industrial agglomerations with specialized division of labor, industrial chain coordination, and sales revenue exceeding RMB 10 billion. Support provincial and municipal construction of provincial bases for new types of industrialization demonstration bases, and encourage the construction of a number of state-level basic parts and components “a new type of industrialization demonstration base” in a conditional agglomeration area.