Modern high-efficiency cutting tools favored

The tool industry is developing rapidly. Today, due to the high frequency of tool replacement, the demand is still large. In recent years, the manufacturing industry in developed countries has adopted a large number of modern high-efficiency cutting tools to improve labor productivity and save costs. With the development of the manufacturing industry, all countries take the development of modern high-efficiency tools as an important means to improve the competitiveness of the manufacturing industry.
According to statistics published by multinational groups, the annual cutting cost of the global manufacturing industry reaches more than 400 billion US dollars, of which the tool cost is about 20 billion US dollars. In recent years, the manufacturing industry in developed countries has adopted a large number of modern high-efficiency cutting tools to improve labor productivity, saving the manufacturing industry up to 100 billion US dollars each year, which is far higher than the investment in tools. Therefore, all countries regard the development of modern high-efficiency tools as an important means to improve the competitiveness of the manufacturing industry. The concept that cutting tools are productivity, not consumables in the processing process, has formed a consensus in developed countries, and the proportion of cutting tool consumption in manufacturing costs has reached 3~4.
At present, various enterprises in our industry have established research and development centers, engineering centers, etc. under various names, but few of them can research and develop the basic technology of modern high-efficiency tools.