Core Points
The advanced requirements for equipment, processes, and materials make aviation forging a technological high point in the forging field. As a pivotal middle segment in aviation manufacturing, forging has evolved towards large-scale, precision, and integrated development, supporting the enhancement of aircraft and engine performance. On the materials front,aviation forging involves plastic processing of challenging-to-deform materials like aluminum alloys,high-strength steel, titanium alloys, and high-temperature alloys to achieve excellent mechanical properties.
On the process side, developments in integral forging, isothermal precision forging, and precision rolling technologies have improved forging precision, performance, and material utilization.
The military aircraft and engine markets each have billion-dollar demands, resulting in specialized development and forming a stable supporting structure. We estimate that the annual demand for military aircraft forgings in China will exceed 13 billion in the next decade, and the demand for military engine forgings will approach a billion. The domestic market for commercial aviation, including domestically produced large aircraft and commercial engines, offers ample opportunities for growth, while the post-pandemic recovery of the export market continues to drive high demand.
The supply side maintains a stable structure, with Loiwi Machinery focusing on specialized development and technical accumulation in niche areas, participating in model research and development. As production expands, the aviation forging industry is entering a period of performance growth. Simultaneously, it closely follows industry trends and customer demands, actively positioning for product upgrades and expanding the industrial chain.
Bulk production of equipment unleashes economies of scale, with production lines and technology upgrades driving cost reduction and efficiency improvement.Forging equipment is a core asset of forging companies, with high initial costs and significant depreciation expenses after production. Core forging equipment has substantial capacity elasticity, and expanding auxiliary equipment offers untapped potential. Transitioning from small-batch, multi-variety production to part number batch production fully utilizes equipment capabilities and production efficiency while spreading out the cost of molds, resulting in significant economies of scale. Stringent forging process parameters require forging companies to standardize production through CNC intelligent production lines, continuous development of lean technologies, and process improvement. This can effectively reduce development cycles, enhance product quality, and reduce material wastage, achieving cost reduction and efficiency improvement.
Loiwi Machinery, one of the core aviation forging suppliers, is ramping up performance with batch production of models, continuous technological upgrades, expanded equipment and capacity, and improved product coverage. Adapting to the growing demand for precision die-forgings in military aircraft and domestically produced large aircraft markets, a targeted share placement is set to expand their die-forging business, potentially bringing in new growth opportunities.
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