In 2007, China's rubber machinery industry experienced a remarkable boom. Key economic indicators such as output value, sales revenue, and foreign exchange earnings from exports all reached record highs. The overall strength and profitability of the companies in this sector saw significant improvements. According to data collected by the Rubber Machinery Committee of the China National Chemical Equipment Association, the 29 major rubber machinery enterprises across the country reported a total sales revenue of 5.779 billion yuan, marking a 15.4% increase compared to the previous year. Revenue hit 8.1 billion yuan, up 12.5% year-on-year, while export earnings exceeded 100 million U.S. dollars. This marked the fifth consecutive year of substantial growth in sales for the industry.
The surge was driven by a new wave of investment in the tire industry, particularly in radial tires, which led to a sharp rise in demand for rubber machinery. As a result, the rubber machine industry found itself in a rare supplier market, with most manufacturers operating at full capacity throughout the year. Some companies even relied on increasing foreign contract manufacturing to meet the rising demand, making "supply" the top priority for many rubber machinery producers in 2007.
According to the same statistics, the sales revenue of the 29 rubber machinery companies increased significantly last year, with most reporting growth rates around 20%. Notably, companies in southern China and Shaoxing saw their sales double. Yiyang Rubber Machinery, Qingdao College Software Control, Dalian Rubber, Beijing Jingye, and Qingdao Double Star Machinery all recorded growth rates exceeding 40%. The production and sales rate for the industry reached over 99%, with most companies achieving a 100% sales rate. Additionally, companies involved in non-rubber products also made impressive progress, with non-rubber product sales reaching approximately 1.7 billion yuan. Companies like Jiangsu Shuangxiang Group, Double Star Machinery, and Beijing Aviation Manufacturing stood out in this area.
China’s rubber machinery industry had seen rapid development in 2003 and 2004, followed by a soft landing in 2005 and 2006. However, it rebounded strongly in 2007, achieving a leap in development. The industry's overall strength showed a dramatic improvement, reflected in three key areas. First, the ability to generate foreign exchange through exports improved significantly. Export earnings from the 29 rubber machinery enterprises reached 94 million U.S. dollars in 2007, a 24.7% increase from the previous year. Ten companies exceeded 30 million yuan in exports, with Yiyang Rubber Machinery, Dalian Rubber, and Guilin Rubber Machinery surpassing the 100-million-yuan mark. By then, the world’s top ten tire companies were already using Chinese rubber products, and China’s rubber machinery had earned a strong reputation globally.
Second, company profitability increased substantially. According to profit reports, the 29 rubber machinery companies saw a 37.7% increase in profits compared to the previous year. Eleven companies achieved profits over 10 million yuan, with only one experiencing a small loss. Third, the industry's technological innovation capabilities improved. Sales of new products from the 29 companies rose by 24.2% year-on-year. For example, Tianjin Saixiang, Guilin Rubber Machinery, and Yiyang Rubber Machinery saw new product sales exceed 50% of their total revenue. Moreover, the industry began to focus more on patent protection, with over 50 new patents filed during the year. Four companies—Tianjin Saixiang, Guilin Rubber Machinery, Yiyang Rubber Machinery, and Qingdao College Software Control—were designated as state-level technology centers, showcasing the industry’s growing scientific and technological innovation system.
Looking ahead, the Chinese rubber machinery market remained optimistic in 2008, with major companies reporting that their annual orders were largely fulfilled. In 2007, the top 13 rubber machinery companies in China included names such as Tianjin Saixiang Co., Ltd., Guilin Rubber Machinery Factory, Yiyang Rubber Machinery Group Co., Ltd., and others, with sales revenues ranging from 69,600 to 16,500 ten thousand yuan. These figures reflect the robust performance of the sector during that period.
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