In the following years, increase in labor costs will be a problem the manufacturing industry will have to face, and a trend that is not likely to change. If the price of production equipment declines with time, equipment costs and labor costs will form a golden intersection. Then, manufacturing enterprises and factories will employ a large number of automation equipment in order to reduce expenses on labor. Mainland China has gradually transformed from a world factory; no longer having the advantage of possessing a large number of cheap labor, coupled with safety regulations and environmental consciousness, producers tend to consider automation in their development strategies. In the near future, we are likely to see that producers will employ a large amount of automation equipment in the production process....
1. Foreword
2. Considerations on Investment in Automation Equipment
3. Investment Amount and Investment Project Analysis
4.IEK Perspectives
Table 1 Investment amount of domestic producers in 2012
Table 2 Expected investment projects of domestic producers in 2012 – multiple choice
Table 3 Machinery equipment purchase of domestic producers in 2012 – multiple choice