China says rubber machinery industry is suffering

ERJ staff report (DS)

Beijing -- China's rubber machinery makers are expecting a slowdown, despite double-digit growth in the first six months, according to Chen WeiFang, General Secretary of the China Rubber Manufacturers Association.

Chen wrote a report in the China Chemical Industry News tracking the development of 27 companies who supply rubber machinery, in the first six months of 2011. .

In the first half sales revenue reached 39.1 billion yuan, up 14.6 percent over the previous year. However, forecasts for the second half are less optimistic, with certain orders being cancelled, said the report.

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Article by Chen WeiFang from CIN.com.cn

Above article auto-translated from Chinese