Huaxing Fasteners Successfully Transformed Output Value of 18 Million Yuan in the First Half of the Year

The financial crisis has come rapidly. Huaxing, an old company with more than 20 years, is facing a critical moment of survival. In the face of difficult times, Huaxing resolutely embarked on the transformation process and strived to improve the quality of its products.

Huaxing is a foreign trade-oriented enterprise. Screws, nuts and bolts are leading products and are mainly exported to the United States, South Korea, India and other countries. In September 2008, the international financial crisis broke out and Huaxing, which was dominated by low-end products, was strongly impacted. Foreign trade orders were basically canceled, and the company suddenly fell into a state of semi-stop production.

As a small business located in Tashan Village, Qianchuan County, how can we survive the financial crisis? Zhu Shaogen, chairman of the company, said that relying on technological innovation, Huaxing achieved a successful transformation.

In order to improve product quality, Huaxing's production raw materials are transformed from 45 to steel alloy steel to improve the material strength. Due to the higher requirements for heat treatment of alloy steels, Zhu Shaogen updated the heat treatment equipment. Not only that, he also added manual grinding procedures after the product was set to improve product precision.

From the semi-cessation of production when affected by the international financial crisis, the output value will be restored to more than 20 million yuan by 2010, and the output value will be more than 1800 million yuan in the first half of this year. The annual output is expected to exceed 40 million yuan. Huaxing Fastener Co., Ltd. ushered in Nirvana. .

In this regard, Zhu Shaogen recalled that at that time it was felt that enterprises must be transformed to have a way out. When the economic situation of a company is not good, it is a technological improvement machine. All costs are relatively low, and production is not delayed. The economy may be gradually restored after the change. Now.

Huaxing's new products were welcomed again in the United States and South Korea. Orders began to increase in the second half of last year, and sales value rose back to more than 20 million yuan, reaching 25 million yuan. Since the beginning of this year, the sales situation of China Star has been better. At present, orders have been scheduled for September and October. In the first half of the year, the sales value of Huaxing reached more than 18 million yuan, and it is expected that the annual sales value could exceed 40 million yuan.

From 2009 to 2010, China Star has spent more than 5 million yuan to complete the technical transformation. More than 5 million for large companies such as China Star is not a small number. After the technical reform, the screws, nuts, and bolts produced by Huaxing were mainly used in power generation, oil extraction, and other related equipment. The added value of the product was nearly doubled. After the machinery and equipment were updated, the degree of automation was improved. The original one worker could only control one machine. Now it is possible to operate two machines, and labor productivity is greatly improved.