Export of 3rd Quarter

Due to financial crisis in 2008, the market worldwide is limited and the overall situation is not good, leading to the needs of machine tool smaller. In the third quarter, the batches of machine tool export is 79, amounting 7 million US dollars, down 35% and 25.4% separately, and the main markets is India, Russia and Vietnam.

The main reasons affect the consumption of machine tool as follows,

1/financial crisis resulted the loss of orders from manufacturing department
2/small milling machine companies could not get loans from bank to buy machine tool
3/end users are not confident with the market performance
4/currency exchange fluctuation make the import not so cost-effective
5/The new market will not buy machine tool due to this crisis

Thus we must insist the quality products and expand the solutions to export more and more.