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The unfair long-term payment method of casting enterprises at present makes it difficult for them to collect payments.

Since the beginning of the year, many foundries have gone bankrupt and closed down due to a broken capital chain.

The problem of difficult payment collection has been transmitted downstream, coinciding with the continuous decline in casting prices. Most end users are unwilling to stock up and have been adopting a wait-and-see attitude.

The foundry itself is difficult to ship, and now it is difficult to collect payments, making life increasingly difficult.

This week, my friends of Laotie came to me one after another, saying that they could not survive, and the foundry was closed. But if you owe a lot of money, you can't pay it back, and the money owed by the customer won't come back. “Can you help me sell the factory and buy all the machinery together.”

After listening to it, I didn't feel good about it. I'm middle-aged and have lost all my money. The future is about paying off debts. When will I be able to turn things around?

Currently, strict environmental inspections are being carried out, especially in areas such as Shandong, Hubei, and Hebei, where production is basically suspended for rectification.

The orders received can only be returned, which is unbearable for the bosses.

Waiting for industry reshuffle, transformation is a dilemma. Don't wait for death through transformation, seek death through transformation. I'm lost now, and in the blink of an eye, it's the end of the year again. What I'm most afraid of is going in the wrong direction.

Workers cannot keep up with the pace of industrial upgrading, and now the equipment in foundries has been replaced with new types, requiring young people to learn. Nowadays, most foundries are middle-aged and elderly people in their forties and fifties, and young people are not willing to leave the factory. The contradiction between workers, production equipment, and production technology is becoming increasingly prominent.

So now the casting industry has fallen into a dilemma, continuing to wait for production may result in losing the bottom, closing the door directly, and all the newly invested money being wasted, losing the bottom. Where do you want us to go to reason?
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