At the recent National Machine Tool Remanufacturing Industrial Symposium held in Wuhan, relevant experts and scholars stated that 2012 will be a key breakthrough period for China's machine tool remanufacturing. Domestic enterprises should grasp the market in time and strengthen the development of remanufacturing technology. Improve the competitiveness of enterprises, while bringing great economic value.

Relevant statistics show that China now has about 8 million machine tools, and about 250,000 old machine tools are eliminated each year, with a total weight of over 1.5 million tons of metal. The remanufacturing of machine tools is to renovate the old machine tools so that they can regain the performance of new machine tools, thus realizing a circular economy production method and saving resources.

Industry insiders said that after the old machine tool was remanufactured, most of the machine tool components could be refurbished and used, and the cost of remanufacturing was only 30% of that produced by similar equipment. Through the remanufacturing of this circular economy of machine tools, it is expected to reduce China's metal consumption by 1 million tons annually.

Wuhan Huazhong Automatic Control Technology Development Co., Ltd. and Wuzhong Group are both pilot enterprises of the machine tool remanufacturing department of the Ministry of Industry and Information Technology. In the first 10 months of this year, Huazhong Automation Co., Ltd. obtained 23 sets of remanufacturing orders for heavy-duty and super-heavy-duty machine tools. Wuzhong Group has completed the remanufacturing of 16 heavy-duty and super-heavy-duty machine tools this year, and the annual value of remanufacturing machine tools is expected to reach 100 million yuan. According to relevant persons from the Ministry of Industry and Information Technology, China is a major consumer of electromechanical equipment, and remanufacturing has developed from an industry that is not known to the industry. However, the understanding of remanufacturing by enterprises and users is still quite superficial. Under the current environment of resource allocation in China's market, the key to the development of the remanufacturing industry lies in the market. Relevant departments should actively guide enterprises, support the development of the industry, and expand market capacity in a relatively short period of time.

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