INDUSTRY MARKET RESEARCH FOR BUSINESS LEADERS, STRATEGISTS, DECISION MAKERS

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Mining Equipment in China

Industry Study with Forecasts for 2013 & 2018
Study #2571 | December 2009 | $5200 | 217 pages

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Study #2571 December 2009 $5200 217 Pages

Mining Equipment in China

Industry Study with Forecasts for 2013 & 2018

Table of Contents
ExEcutivE Summary markEt EnvironmEnt
General ................................................4 Economic Overview.................................5 Recent Economic Performance ...............5 Economic Outlook ...............................9 Demographic Overview .......................... 12 Population ....................................... 12 Urbanization .................................... 15 Households ...................................... 16 Gross Fixed Capital Formation Outlook ..... 17 Industrialization & Manufacturing Trends . 18 Construction Outlook ............................ 21 Residential Building .......................... 24 Nonresidential Building...................... 27 Nonbuilding Construction ................... 28 Electricity Generation ........................... 30 Mining Outlook .................................... 33 Coal ................................................ 35 Metals ............................................. 37 Minerals .......................................... 38 Pricing Trends ..................................... 39 Mining Equipment Technology Trends ...... 40 Regulatory Environment ........................ 42 World Mining Equipment Market ............. 44 Foreign Trade ...................................... 45 Exports ........................................... 47 Imports ........................................... 48 The Eleventh Five-Year Plan ................... 49

markEtS
General .............................................. 83 Coal Mining......................................... 85 Coal Mining Outlook .......................... 86 Coal Mining Equipment Outlook ........... 87 Metal Mining ....................................... 90 Metal Mining Outlook ........................ 90 Metal Mining Equipment Outlook ......... 92 Mineral Mining .................................... 95 Mineral Mining Outlook ...................... 95 Mineral Mining Equipment Outlook ...... 96

Mergers & Acquisitions........................ 153 Foreign Participation in the Chinese Market ............................ 155 Legal & Regulatory Issues ................ 155 Joint Ventures ................................ 157 Wholly Owned Foreign Enterprises...... 159 Representative Offices ..................... 160

comPany ProfiLES
Atlas Copco AB .................................. 163 Bucyrus International Incorporated....... 167 Caterpillar Incorporated ...................... 170 Changsha Zoomlion Heavy Industry Science & Technology Development...... 172 China Coal Energy .............................. 173 China First Heavy Industries ................ 175 China National Erzhong Group .............. 176 CITIC Group....................................... 177 Guangxi Liugong Machinery ................. 178 Hebei Jinma Mine Machinery ............... 179 Henan Songshan Heavy Industry .......... 180 Inner Mongolia North Heavy Industries .. 181 International Mining Machinery ............ 182 Jiangsu Pengfei Group ........................ 183 Joy Global ........................................ 184 Kobe Steel ........................................ 187 Komatsu Limited ................................ 189 Lonking Holdings ............................... 191 Luoyang Baofeng Heavy Mining Machinery Manufacturing ................... 192 Metso Corporation .............................. 193 Northern Heavy Industries ................... 196 Sandvik AB ....................................... 198 SANY Heavy Industry .......................... 200 Shandong Mining Machinery ................ 202 Shandong Shankuang Machinery ........... 203 Shanghai Jianshe Luqiao Machinery ...... 204 Shanghai Zhongxing Jiqi Chang ............ 205 Shantui Construction Machinery ........... 206 Shanxi Pingyang Industry Machinery ..... 207 Taiyuan Heavy Machinery .................... 208 Tangshan Mining & Metallurgical .......... 209 Terex Corporation ............................... 210 Tiandi Science & Technology ................ 212 Xiamen XGMA Machinery ..................... 213 Xuzhou Construction Machinery ............ 214 Zhejiang Kaishan ............................... 215 Zhengzhou Coal Mining Machinery ........ 216 Other Companies Mentioned in Study .... 217

rEGionaL trEnDS
General .............................................. 99 Regional Demographic/Economic Trends 101 Population Patterns ......................... 102 Economic Outlook ........................... 104 Regional Gross Fixed Capital Formation.. 105 Regional Construction Expenditures ...... 107 Regional Mined Product Output ............ 109 Regional Mining Equipment Demand ..... 111 Central-North ................................. 114 Overview .................................... 114 Mining Equipment Demand ............ 116 Northeast ...................................... 118 Overview .................................... 118 Mining Equipment Demand ............ 120 Central-East ................................... 122 Overview .................................... 122 Mining Equipment Demand ............ 124 Central-South ................................. 126 Overview .................................... 126 Mining Equipment Demand ............ 128 Southwest ..................................... 130 Overview .................................... 130 Mining Equipment Demand ............ 132 Northwest ...................................... 134 Overview .................................... 134 Mining Equipment Demand ............ 135

ProDuctS
General .............................................. 51 Underground Mining Machinery .............. 54 Extraction Equipment ........................ 57 Augers & Borers ................................ 59 Roadheading Equipment ..................... 61 Vehicles & Loaders ............................ 63 Hoists & Other Equipment .................. 64 Surface Mining Machinery ...................... 66 Mining Drills ....................................... 68 Crushing/Pulverizing/Screening Equipment ......................................... 70 Crushing Equipment .......................... 73 Pulverizing Equipment ....................... 75 Screening Equipment ......................... 76 Mineral Processing Machinery................. 78 Parts & Attachments ............................. 80

inDuStry StructurE
General ............................................ 138 Industry Composition ......................... 138 Market Share ..................................... 142 Marketing ......................................... 147 Financial Issues ................................. 148 Cooperative Agreements ...................... 149

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Study #2571 December 2009 $5200 217 Pages

Mining Equipment in China

Industry Study with Forecasts for 2013 & 2018

List of Tables/Charts
ExEcutivE Summary
1 Summary Table ........................... 3

markEt EnvironmEnt
1 Gross Domestic Product of China . 12 2 Population of China .................. 14 Cht Population of China by Age, 1998-2018 ................ 14 3 Households in China by Region ... 17 4 Gross Fixed Capital Formation in China ................ 18 5 Manufacturing Value-Added in China ............................... 21 6 Construction Expenditures in China ............................... 24 7 Electricity Generation by Generator & Fuel Type in China .............. 33 8 Mining Output in China ............. 35 9 Mining Equipment Pricing Deflators in China .................. 40 10 World Mining Equipment Demand 45 11 Chinese Foreign Trade in Mining Equipment .............. 47

7 Hoists & Other Equipment Supply & Demand in China ................ 65 8 Surface Mining Machinery Supply & Demand in China ................ 68 9 Mining Drill Supply & Demand in China ................... 70 10 Crushing/Pulverizing/Screening Equipment Supply & Demand in China ................... 72 Cht Crushing/Pulverizing/Screening Equipment Demand in China by Type, 2008 ....................... 73 11 Crushing Equipment Supply & Demand in China ................ 74 12 Pulverizing Equipment Supply & Demand in China ................ 76 13 Screening Equipment Supply & Demand in China ................ 77 14 Mineral Processing Machinery Supply & Demand in China ...... 80 15 Parts & Attachments Supply & Demand in China ................ 82

rEGionaL trEnDS
1 Population of China by Region ...103 2 Gross Domestic Product of China by Region................105 3 Gross Fixed Capital Formation in China by Region................106 4 Construction Expenditures in China by Region................109 5 Mined Product Shipments in China by Region................111 6 Mining Equipment Demand in China by Region................113 Cht Mining Equipment Demand in China by Region, 2008 .......114 Cht Central-North Region of China ...116 7 Central-North Region of China: Mining Equipment Demand .....118 Cht Northeast Region of China ........120 8 Northeast Region of China: Mining Equipment Demand .....122 Cht Central-East Region of China .....124 9 Central-East Region of China: Mining Equipment Demand .....126 Cht Central-South Region of China ...128 10 Central-South Region of China: Mining Equipment Demand .....130 Cht Southwest Region of China .......132 11 Southwest Region of China: Mining Equipment Demand .....133 Cht Northwest Region of China ........135 12 Northwest Region of China: Mining Equipment Demand .....137

markEtS
1 Mining Equipment Demand by Market in China ................. 84 Cht Mining Equipment Demand in China by Market, 2008 ........ 85 2 Coal Production in China by Type 87 3 Coal Mining Market for Mining Equipment in China ..... 89 Cht Coal Mining Equipment Market in China by Coal Type, 2008 .... 89 4 Metal Production in China by Type .................... 92 5 Metal Mining Market for Mining Equipment in China ..... 94 Cht Metal Mining Equipment Market in China by Metal Type, 2008 ... 94 6 Mineral Production in China by Application....................... 96 7 Mineral Mining Market for Mining Equipment in China ..... 98 Cht Mineral Mining Equipment Market in China by Application, 2008.. 98

ProDuctS
1 Mining Equipment Supply & Demand in China ................ 53 Cht Mining Equipment Demand in China by Type, 2008 ........... 54 2 Underground Mining Machinery Supply & Demand in China ...... 56 Cht Underground Mining Machinery Demand in China by Type, 2008 57 3 Extraction Equipment Supply & Demand in China ................ 59 4 Auger & Borer Supply & Demand in China ................ 61 5 Roadheading Equipment Supply & Demand in China ................ 62 6 Vehicle & Loader Supply & Demand in China ................ 64

inDuStry StructurE
1 Revenue Data: Selected Mining Equipment Companies in China, 2008 .....................141 Cht Mining Equipment Market Share in China by Company, 2008 ....143 2 Selected Cooperative Agreements .........................151 3 Selected Acquisitions & Divestitures ......................154

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Study #2571 December 2009 $5200 217 Pages

Mining Equipment in China

Industry Study with Forecasts for 2013 & 2018

Gains will be stimulated by growing demand for mined products from downstream industries such as steel, construction, agriculture, chemicals and the coal-dependent electric utilities.

Demand in China to grow 7.1% yearly through 2013

Demand for mining equipment in China is projected to increase at a 7.1 percent annual rate through 2013 to 150.5 billion. Gains will be stimulated by growing demand for mined products from downstream industries such as steel, construction, agriculture, chemicals and -- most notably -- the coaldependent electric utilities. Trends favoring increasing mechanization in Chinese mines will also spur new sales of mining equipment through the forecast period. In addition, the harsh work environment and limited lifespans of mining equipment will support sales of aftermarket parts and attachments, further fueling market gains.

Coal Mining 44%

Mining Equipment Demand in China

(107 billion yuan, 2008)
photo: China Coal Overseas Development Co., Ltd.

Metal Mining 33%

Mineral Mining 23%

Crushing, pulverizing, screening equipment to see most rapid increases

Sales of underground mining machinery are forecast to rise 6.4 percent annually to 44.9 billion in 2013, preserving its status as the largest mining equipment segment in China. However, crushing, pulverizing and screening equipment will see the strongest gains over the forecast period. Advances will be driven by robust increases in demand for preprocessed mined products and growing domestic consumption of key commodities such as coal, steel, clay and cement. Surface mining machinery will also achieve fast sales growth through 2013 due to expanding mineral and metal output.

Northwest China to post strongest gains by region

The resource-rich Central-North is the largest regional market for mining equipment, accounting for 33 percent of total national demand in 2008. Demand for mining equipment in the CentralNorth is forecast to grow 7.3 percent per year through 2013 to 51.0 billion, with gains boosted by further expansion of mining activity in the region. Demand for mining equipment in the Northwest is expected to increase 8.5 percent annually through 2013, posting the strongest gains in China. Advances will be spurred by strong growth in the exploitation of regional coal reserves over the forecast period.

Metal mining to be fastest growing market

Coal mining will remain the largest equipment market through 2013, benefiting from increasing demand for coal resources as raw feedstock for electricity generation and energy for heating and other industrial usages (e.g., steel production). However, demand for mining equipment used in metal mining settings will see the strongest gains over the forecast period. Advances will be stimulated by increasing metal mining activity spurred by rising demand from downstream industries such as steel and nonferrous metals.
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Study #2571 December 2009 $5200 217 Pages

Mining Equipment in China

Industry Study with Forecasts for 2013 & 2018

sample Text, Table & Chart

Item

TABLE III-9 MINING dRILL SUPPLY & dEMANd IN CHINA (million yuan) 1998 2003 2008 2013 2018

Gross Fixed Capital Formation (bil ) 2773 5308 12365 19650 32050 mining eqpt/000 GFCF 0.7 0.7 1.7 1.6 1.4 PROdUCTS Mining Drill Demand Air Powered Rock Drills Crushing/Pulverizing/Screening Equipment Diesel Rock Drills Demand for crushing, pulverizing and screening equipment in Hydraulic Drills China is expected to rise at a 7.8 percent annual rate through 2013 to Electric Drills 21.8 billion, the fastest growth among all mining equipment types. Other Mining Drills Advances will be stimulated by solid growth in mining output to keep pace with rising demand for key commodities such as coal, steel and cement. + exports In addition, increasingly demanding requirements (e.g., higher levels imports - of product purity) from downstream processors will also contribute to sales of related equipment going forward. Mining Drill Shipments 1955 3835 21450 30500 44050 725 1525 8260 11050 14800 465 960 4955 6855 9640 365 645 4055 6180 9565 250 420 2575 4005 6350 150 285 1605 2410 3695 105 130

saMPLE TExT

saMPLE TabLE

245 2290 4040 5150 295 2390 3540 3900

1930 3785 21350 31000 45300 70.8 74.7 118.3 145.5 175.9 2725 5065 18050 21300 25750

Crushing, pulverizing and screening equipment is widely used price deflator (2007=100) in coal, metal and mineral mines to smash, grind and sort mined ores, Mining Drill Shpts (mil 2007) which is important for further processing. Shipments of crushing, pulverizing and screening equipment are projected to grow 7.6 percent per annum to 20.8 billion in 2013. Chinas trade deficit in these products will continue to widen, due to the increasing domestic demand for highend equipment. Crushing equipment is the largest type in this segment and is expected to remain so through 2013, with new sales fueled by its wide applications throughout the mining industry. However, demand for pulverizing equipment is expected to see the fastest gains going forward, an outcome of rapidly increasing consumption of mineral commodities (especially those used in producing building materials).

Leading domestic suppliers of crushing, pulverizing and screening CHART VI-1 equipment include China Coal Energy, China First Heavy Industries, Northern Heavy Industries Group, Shandong Mining Machinery Group, MINING Shanghai Jianshe Luqiao Machinery and Tiandi Science & Technology. EQUIPMENT MARKET SHARE IN CHINA BY COMPANY (107 billion, 2008) Other Chinese manufacturers of these products include CITIC Group, Hebei Jinma Mine Machinery Group, Henan Songshan Heavy Industry, Jiangsu Pengfei Group, Luoyang Baofeng Heavy Mining Machinery, 70
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6.9% 5.5% 4.4% 4.0% 3.5% 3.3% 3.1% 3.0%

Xu z h o u C o n st r M

O th e rs 6 6 .3 %

M a rke t L e a d e rs 3 3 .7 %

saMPLE CharT

N o rt h ern H eav y In C at erp illar

C h in a C o al E n erg Z h en g z h o u C o al Jo y G lo b al T ian d i S ci & T ech

In t en at n l M in in g M

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Study #2571 December 2009 $5200 217 Pages

Mining Equipment in China

Industry Study with Forecasts for 2013 & 2018

sample Profile, Table & Forecast

CHART V-1

MINING EQUIPMENT dEMANd IN CHINA BY REGION, 2008 (107 billion)

COMPANY PROFILES
Shanghai Jianshe Luqiao Machinery Company Limited 480 Bansongyuan Rd Shanghai, 200011 China 86-21-6313-9054 http://www.shanbao-china.com Annual Sales: 1.6 billion [US$237 million] (verified by company) Employment: 1,200 (2008, verified by company, 8/09)

saMPLE Key Products: hydraulic drill rigs, shearers, shield supports, crushers, PrOFILE pulverizers, feeders, vibrating screens and conveyors
International Contact: Mr. Yongwen Weng, Foreign Trade Manager Shanghai Jianshe Luqiao Machinery manufactures mining, metallurgy, construction, environmental protection, industrial and other equipment mainly sold under the SHANBAO brand name. The Company is a state-owned enterprise. The Company participates in the Chinese mining equipment industry through the production of such mining machinery as hydraulic drill rigs; shearers; shield supports; crushers, including jaw, cone, impact, hammer and roller models; pulverizers; feeders; vibrating screens; and helix and belt conveyors. In particular, hydraulic drill rigs, shearers, shield supports and certain types of crushers are used mainly in coal mines.

saMPLE CharT

TABLE IV-5 METAL MINING MARKET FOR MINING EQUIPMENT IN CHINA (million yuan) 1998 2003 2008 2013 2018 65 41.4 108 54.4 665 53.3 770 1170 66.5 64.4

Item Shanghai Jianshe Luqiao Machinery maintains a production complex in Shanghai, China. The Company serves customers throughout Metal Mining Shipments (bil ) China and 50 other countries and regions in the Asia/Pacific region, mining eqpt/000 shpts North and Latin America, and Europe. 204
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Metal Mining Market Ferrous Common Nonferrous Precious & Other % metal mining Mining Equipment Demand

2690 5880 35450 51200 75400 2285 4970 30050 43200 63300 300 670 3970 5960 9150 105 240 1430 2040 2950 25.5 25.9 33.1 34.0 34.9 10550 22700107000150500216000

saMPLE TabLE

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INDUSTRY MARKET RESEARCH FOR BUSINESS LEADERS, STRATEGISTS, DECISION MAKERS

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