CFA to Undertake the Development Planning Research

To speed up the restructuring of Chinese foundry industry and to support the development of manufacturing, the Ministry of Industry and Information Technology (MIIT) has commissioned China Foundry Association (CFA) to carry out the research on the “13th Five-year” Development Planning.  
In 2010, the MIIT had commissioned China Foundry Association with the “12th Five-year” Development Planning Study. The Advices to Foundry Industry brought up by CFA has played an important guiding role for the sector during this period, when every aspect of Chinese foundry industry has made significant progress and narrowed the gap with world developed countries. Till 2013, total casting production has arrived 44.5 million tons in China, which accounts for over 40% of the world. However, there is still large gap between China and the world, primarily in the overall casting quality and some key components for high-end equipment. More, the foundry industry is still following an extensive development mode, by which serious imbalance existing among enterprises and among different areas.