Cyclical growth has significant meaning in mining industry

Descripción

Definition of ‘Cyclical Industry’:A type of an industry that is sensitive to the business cycle, such that revenues are generally higher in periods of economic prosperity and expansion, and lower in periods of economic downturn and contraction.There has been mining since ancient times. The mining industry developed rapidly beginning in the late 18th and early 19th centuries. In 1967 approximately 7 billion tons of minerals were extracted in the world, with a total estimated value of approximately $80 billion. Fuel energy raw materials accounted for over 70 percent (of which 48.8 percent was petroleum and 17.5 percent was coal) and iron ores for 7 percent of the total value of mineral raw materials and fuel recovered in 1967. Sand making equipments mainly include impact crushre, jaw crusher, hammer crusher, cone crusher,roll crusher and vibrating feeder,etc.

Companies in cyclical industries can deal with this type of volatility by implementing cuts to compensations and layoffs during bad times, and paying bonuses and hiring en masse in good times. Cyclical industries include those that produce durable goods such as raw materials and heavy equipment.In 2013, the domestic economy will enter a new round of rise because of the leading of real estate and automobile driven cycle. Over the past ten years, taking into account that the major industrial sectors such as power, coal, cement, iron and steel production have achieved a large-scale expansion, we consider that in the new economic up-cycle, the effect that leading industry pulls major industrial sectors will be weaker, which turns not too strong pulling effect of mechanical industrial services in various industrial sectors. Therefore, we expect 2013 revenue growth of the machinery industry will be about 15%.

In 2013, our eyes will return to the cycle. In the past two years, those strong cycle machinery and equipment company which bear much economic squeeze. For example, construction machinery, machine tools, industrial electrical equipment, mainly used in the industrial areas of energy conservation and emission reduction equipment. The demand of these areas will have varying degrees of recovery, and their leader will also become the focus of our attention.

In sub-sector of machinery industry, because of the slow overall cycle partial, heavy mining machinery face huge pressure in 2013. Henan Hongxing Mining Machinery Co., Ltd will keep going.

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