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Sun Ruyi, general manager of Shanghai Eurodia Superhard Materials Application Co., Ltd., said that diamond tools are widely used in the production of auto parts companies and textile machinery companies. With the recovery of domestic automobile production and sales since last year, the demand for diamond tools has further increased. At present, many auto parts manufacturers in Shanghai, including Huizhong, use Eurodia diamond tools. At the same time, the continued popularity of textile machinery has also brought a huge market for diamond tools. Many domestic universities and research institutions are also a fixed source of demand for diamond tools. Faced with strong market demand, Sun Ruzhen expects that the company's output value will increase by one-third this year, reaching more than 4 million yuan.
It is reported that the diamond processing industry in Shanghai was previously controlled by three state-owned enterprises. With the adjustment of Shanghai's industrial structure, the three state-owned enterprises have withdrawn from the market or chose to transform, which has created conditions for the entry of SMEs. Sun Ruyi said that diamond processing is a high value-added industry, with a profit margin of up to 50%, and the entry barrier is not high, attracting many small and medium-sized enterprises, but most small and medium-sized enterprises produce low-end products, homogenization. The competition is fierce, and the current industry profit of low-end products has dropped to around 20%. He revealed that high-quality diamond tools are more profitable, and the company plans to increase the design and production of high-grade diamonds this year.
“With the rapid development of the domestic manufacturing industry, the prospect of the diamond processing industry is promising. Eurodia was established in 2000, mainly engaged in the design, production, processing and sales of diamond and superhard material tools, tools, equipment and accessories. It reached 3 million yuan.