In recent years, according to the difference of the buried depth of the ore and rocks and the requirements of the technical and economic rationality, mining is divided into two patterns: open mining and underground mining. Mining refers to the exploitation to natural mineral resources with use of value by using artificial or machinery methods, and the most important part is ore and rock crushing, and the finished product processing ores can be used in metallurgy, construction, chemical, etc. The expansion of domestic demand and infrastructure construction increase the demand for stone and sand material and the relevant crushing equipment. The cone crushing machine manufacturing industrial market in our country is very wide, including mine, construction, water conservancy, chemical industry, metallurgy, coal and glass, etc. In China's most important application fields are cement industry, paving and mines, the number of crushers applying in these industries accounts for around 31% of the whole industry.
For now, because of the wide cone crusher application range, the future of the market is wide, so the investment environment is excellent. Now a project subject to tender has almost no vacancy, so many companies have seen this market prospect. Crusher is widely used in mining, building material, highway, railway, water conservancy and chemical industries. The rapid development of economy cannot realize without the above the industry's development. In mine applications, in the next few years, with the reorganization of the coal industry, and closing of the small coal mine, but above scale coal mine coal production increases at the same time, the rise of jaw crusher output all increases demand. In the next few years, in China's western region, the development of mining industry is particularly fast. The geological exploration proved the mineral reserves mineral has 161 kinds. The broad mining market will provide opportunity for the rapid development of the mining machinery, thus increasing demand for crusher market.
With the fast development of dryer machine industry, in order to scramble for higher market share, most manufacturing companies in our country take the initiative to invest in innovation and research and development, which drives the development of this industry to the highest degree. The famous domestic mining machinery brand Hongxing Machinery broke the highest innovation record in 2012 and many crushing equipment innovated, researched and developed by our company has been launched into the market.
At present, our crushing machines are mainly exported to Eastern Asia, Africa and Oceania. China has become a powerful manufacturer of breaking machines, and because of some advantages of our products, their entering into the international market has become the inevitable trend. Because the high-end products and the basis spare parts configured with the export products mainly rely on importing and the domestic development is very weak, the investment opportunities for companies on basis technology and spare part is very big.
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