The “Twelfth Five-year Development Plan for the Machine Tool Industry” organized by the China Machine Tool Industry Association, commissioned by the Ministry of Industry and Information Technology, has been reviewed and demonstrated by experts from industry and informatization organizations. The Department of Equipment Industry of the Ministry of Chemical Industry officially released it and began to implement it in the entire industry.

The "Twelfth Five-Year Development Plan for the Machine Tool Industry" discusses six aspects of the industry's current situation, facing the situation, development ideas, key products and technologies, major tasks, and safeguard measures, emphasizing the "12th Five-Year Plan" for the machine tool industry. The tasks that should be completed during the period and the goals that should be achieved.

The “Twelfth Five-year Development Plan” of the machine tool industry has important guiding significance for the development of China's machine tool industry during the “Twelfth Five-Year Plan” period.

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The tensile strength of ductile iron casting far exceeds that of grey cast iron and is comparable to that of steel. Therefore, for parts subject to static loads, the use of ductile iron saves material and is lighter than cast steel. The performance of ductile iron with different bases is very different, and ductile iron has good fatigue strength.

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