Machinery Manufacturing in Binzhou
The rise of the Chinese machinery manufacturing industry in the last decade has been exceptional. According to KMPG’s Global Manufacturing Outlook (2010), China is the most important sourcing location for manufacturing capacity, accounting for 35% of global output. The machinery industry is one of the pillar industries in Shandong; it is ranked the second largest machinery industry by province next to Jiangsu province. The machinery and equipment manufacturing industry in Binzhou mainly produces automobile pistons, wheels, crankshafts, other automobile parts and machine tools. The Chinese central government stimulates the import of advanced manufacturing equipment in an effort to upgrade the machinery sector all over China, along with the incentive policies outlined by local government in support of equipment manufacturing industries. The different levels of government support have created monumental growth in the machinery
and equipment manufacturing in Binzhou. With government support, the Binzhou machinery manufacturers have the resources to conduct long-term research to upgrade the quality of products and production efficiency. The manufacturers understand that making a commitment to technological innovation is the only way to win in a highly competitive domestic and global marketplace, and their innovation focuses on applying information technology to achieve greater productivity, efficiency, and sustainability in machinery production. In addition to the manufacturers’ research, numerous Binzhou universities are also engaged in advanced research in machinery and equipment engineering to help contribute to the technology leap in Binzhou’s machinery and equipment industry. Currently, Binzhou has four national level machinery and equipment technology centers, 57 provincial level machinery and equipment technology centers and 118 municipal level machinery and equipment technology centers.
The two most reputable machinery manufacturers in Binzhou are the Shandong MingWei Group and the Shandong BinAo Aircraft Manufacturing Co., Ltd. MingWei was founded in 1951 and the company started the massive production of pistons in 1963. For 24 consecutive years, MingWei has been named China’s No. 1 piston manufacturer. BinAo Aircraft Manufacturing was established in April 2005 and it focuses on the production of the Diamond DA40 aircraft series. The company’s registered capital is USD14 million, with investment totaling up to USD 42 million. The company has an annual production capacity of 500 aircrafts and currently, it produces on average 108 aircrafts each year.