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Jiangsu Qidong power tool industry is facing new opportunities

Jiangsu Qidong power tool industry is facing new opportunities


Recently, a container drove Chujiang SU Guoqiang Tools Co., Ltd., worth 80,000 U.S. dollars of these power tools will be sent to India. Only in January, the country strong company exports 16 containers full production company. Qidong the financial crisis hit the power tool industry back to life this year.

In recent years, Qidong Lusi town to the center of power tools and machine parts manufacturers quickly gather, rapid development, formed a relatively complete industrial chain of electric tools. Currently, power tools Qidong more than 400 manufacturers in the domestic power tool industry as "third world, there are one" in the world. However, single-scale enterprises generally small, uncompetitive compared with foreign famous enterprises.

Global outbreak of the financial crisis to the power tool industry Qidong a huge impact, some SMEs difficult, Qidong power tool industry reshuffle is inevitable. The face of financial crisis and low-cost expansion opportunities, and a number scale enterprises through mergers, joint, and other forms of restructuring, the implementation of strategic expansion, expanding the scale, to expand, but some limited by funding, the scale of difficulties, "small and complete" cottage-type businesses, is joined by leading enterprises to achieve a "BUTTERFLY" and "big aircraft carrier" of integration, in the fierce market competition foothold.


Last year in July, Jiangsu Peng Electrical Co., Ltd. receive up to a new business license, which is a power tool in Qidong City of Enterprise "aircraft carrier." Jiang Su Wanpeng its subsidiary companies, including Mechanical & Electrical Co., Ltd., Nantong Pengda Tools Co., Ltd., etc., both in the internal division of labor and collaboration among companies, research and sales to achieve a smooth stop.

Jiangsu Dong Cheng Electric Tools Co., Ltd., Jiangsu Guo Qiang Tools Co., Ltd., to set up enterprise groups on their agenda. Currently, the country strong and the company is speeding up construction of "supporting business focus area", the original focus on supporting enterprises focus more than 10 over, not only reduce costs but also improve efficiency. By combining, in 2011, the country strong and strive to achieve annual sales 500 million yuan. As the largest power tool Qidong enterprise, the East into a company supporting businesses is more than 30, the company completed last year, sales of 740 million yuan, up 56% over the previous year, firmly firmly installed in the domestic sales of the Mother of power tools location. This year in January, the company's "East into a" mark to become well-known trademarks in China and realized the power tool products in Jiangsu famous trademark breakthrough and become the new national brand power tools leader.

In the process of large enterprises, the number of medium and small power tools business quickly reborn. Hua Yu aluminum, raw power tools into a complete business last year, after Eastern, has expanded rapidly. Hua Yu aluminum storage revenue last year, two million yuan, 10 times that of previous years. According to statistics, Qidong power tool industry contrarian growth achieved in 2009, the annual taxable sales revenue increase of more than 25% over the previous year.
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