This is our first time participating in an exhibition outside of Qingdao, and I found that there were more foreign companies at the exhibition. There were fewer abrasive and grinding tool companies at this exhibition, but it's good that there was less competition, "said Leng Yanbo with a smile. In his opinion," coming out is always better than not coming out, and coming out can always discover new business opportunities

For this year's market situation, Leng Yanbo can clearly feel the saturation of the market. In addition, he stated that the proactive reduction behavior of manufacturing plants has forced grinding tool companies to lower prices, which has made grinding tool companies very sad.

Most abrasive and grinding tool enterprises in Shandong Province are engaged in exports, but the current export market is not good, with decreasing order volumes and profits. In terms of domestic sales, due to the downturn of the domestic real estate industry, the related industry chains are also sluggish. So, it's best if the company can persist in the future. ”

In addition, Leng Yanbo believes that the low threshold and insufficient research and development energy in the coated grinding tool industry are also important reasons for the industry's downturn. Therefore, in the future, taking the path of differentiation and branding is the main focus of enterprises.