Transformation and upgrading of fastener enterprises hold

Coming into the golden autumn in September and ushering in the harvest season, the traditional Golden Nine is the peak season for sales. However, since entering 2011, most Chinese fastener companies have faced difficulties in rising raw material prices, rising labor costs, RMB appreciation, and energy restrictions. As a result, corporate profits have been shrinking. Industry and outside companies are talking about upgrading and transformation. It is the way out.

Business transformation and upgrading, from where to talk about? It's easier said than done! If the failure of the transition will lead to a failure, but not transformation and upgrading, the road to enterprise development will sooner or later come to an end. Enterprises encounter bottlenecks in their development, of course, they are brave enough to win in the narrow road, but it is also difficult to achieve sustainable development. Although in the past year, China's fasteners have achieved remarkable results in production, sales, and exports, market demand will continue to rise. However, we still need to look far ahead, and the transformation of fastener companies is imminent!

Stable foundation <br> <br> so-called "wreck as well as three nail", not to mention a number of successful businesses. Each enterprise has its own more or less advantages such as: high quality products, perfect services, advanced management, and talent cultivation. These are intangible assets of the company and must not be ignored. We should Make full use of their own advantages, to carry forward the advantages of the company, and transform the basic advantages into a development pedal. On the basis of stabilizing existing businesses and profits, we will develop other new products, new technologies, and new markets.

Technological improvements <br> <br> Currently, raw materials, crude oil, a sharp rise in labor costs, the fastener production costs continue to rise, profit margins were severely compressed. In addition, since China's accession to the WTO, the government has continuously promoted enterprises to carry out low-energy, low-pollution, high-yield, and high-efficiency production. As a traditional machinery industry, high energy consumption and high pollution are difficult to avoid. For these enterprises with high energy consumption, high pollution, low efficiency and low profits, this is undoubtedly an opportunity for transformation and upgrading. At present, many domestic companies are developing high-tech, low-energy, and low-pollution products by advocating scientific and technological progress and technological innovation. This will not only effectively increase the technological content and added value of products, but will also be upgraded to an environmentally friendly, energy-saving enterprise. It is advocated and supported by the sustainable development of the national economy.

Under <br> <br> create their own brand in the domestic fastener enterprises gathered in the fierce competition of the big bad environment, in addition to business through mergers, joint and other channels continue to expand the scale, many companies have begun to realize that the structure of the product must Make reasonable adjustments, create independent brands, fill gaps in the market, and produce products that are marketable. Improve product differentiation, meet the needs of the market, in order to master the initiative of the market, in order to stand out in the fierce market competition!

Inside and outside of the pin <br> <br> past, China's fastener enterprises suffered EU trade protection doctrine, precarious living conditions, the enterprise hanging by a thread. At present, the demand for fasteners in Europe continues to increase, and it is gratifying that the EU’s anti-dumping case, China’s prevailing case, forced the EU to cancel its unfair anti-dumping duties, which prompted European buyers to return to China to purchase again. It is an opportunity not to be missed for the export of fasteners in China. Chinese companies should try and build more on exports, and achieve internal and external sales.

Although the development of the fastener industry in China is irresistible, it still faces difficulties and obstacles. As Feng Jinjun, president of the Fasteners Branch of the China Machinery General Components Industry Association, said at the inaugural meeting of the Anhui Fasteners Association, although we face many difficulties, we still insist that development is the mainstream. We must strengthen industry planning, industry planning and management, and organization and coordination. In this way, the acceleration of the upgrade and transformation of the fastener industry will eventually have a day that will keep the promise of success!