Mr.Sun, the CEO of Hebei Meishen Technology Co., Ltd, said, “in order to push magnesium oxide to walk out of the predicament, and realize healthy sustainable development, the whole magnesium oxide industry should adjust investment structure, industrial structure and industrial distribution. Under the pressure of excess production capacity, magnesium oxide manufacturers should upgrade supply capacity, improve supply structure, and expand the market through supply.”
Magnesium oxide industry and enterprises should continuously increase innovation resource and general integration capability. Depending on the proprietary intellectual property rights, it should accelerate to set up the technological innovation system which is guided by enterprise, market and R&D. It can enhance the endogenous power of business innovation and development.
It brings development pain to magnesium oxide industry and industrial chain for economic growth, development way and industrial restructuring. Other factors make this industry to speed up the transformation and upgrading. Magnesium oxide suppliers and manufacturers cooperate with each other to stabilize the market through innovation, accelerate structural reforms and increase competitiveness. Only dig new development path deeply can promote the development of magnesium oxide industry.