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Russia Strongly Develop Machine Tool Industry

time:2011-09-04

Data showed that from 2008 to 2009 due to the financial crisis, Russia's milling machine tool industry was in severe decline, and began to pick up in the seco1nd half of 200. In 2010 with the full recovery of Russian economy, the automotive industry growth increased by 27%, machine tool by14% .Russian government had given great support to the industrial sector, GDP growth in 2011 is expected around 35% to 40%.

Analysis reports that the Russian government introduced two policies playing a positive role in promoting the development of machine tool: first, from 2011 to 2016, the government will invest $ 1 billion into machine tool industry, with 7.5 million for product development,$ 2.5 million for technological innovation, to improve Russian  milling machine tool existing manufacturing capacity with the development of 50-60 products. For the newly developed products, the similar machine tool competitors will be banned to import. The second is within the five years since 2011, the Russian government will invest $ 300 billion for the construction of power facilities and nuclear power plants, mainly for the purchase of equipment. At the same time $ 900 billion will be put into the military equipments, of which $ 400 billion will be used for basic equipment and technological innovation. we can see that Russia machine tool industry will brace unprecedented government support and huge market pull.Russian  Vertical milling machine tool industry will undoubtedly have an important role in the rise, the global milling machine tool industry will also see the corresponding business opportunities.