Ningbo Customs Helps Transformation and Upgrade of Fastener Enterprises

Xu Pengfei, general manager of Ningbo Jinding Fasteners Co., Ltd., a leading exporter of fasteners in Ningbo, showed a happy smile. “Without the help of Ningbo Customs, there is no glory today.”

At present, Ningbo Fasteners has formed an industrial system with relatively complete categories, large scale, and certain competitiveness, and has become China's most important fastener production and export base. At present, there are 168 fastener manufacturers above designated size in the city. Last year, sales reached 17.1 billion yuan and output was 1.6 million tons, accounting for about 27% of the country. According to the latest data from Ningbo Customs, from January to April, Ningbo exported 136,000 tons of steel fasteners, valued at US$220 million, an increase of 25.8% and 51.7% year-on-year respectively.

With the active support of Ningbo Customs, currently Jinding has successfully opened up markets in the United States, Japan, Brazil, and South Korea. It is expected that the output value in 2011 will reach 750 million yuan. "Customs service is really intimate. We are anxious about what we lack. They all look in their eyes and keep in mind, and serve the heart of the enterprise." Xu Pengfei said.

In the first four months of this year, Ningbo Jinding Company exported a total of 30.675 million US dollars worth of fasteners, an increase of 80.4% year-on-year.

Xu Pengfei, General Manager of Jinding Company, said that the company suffered heavy losses in the EU's anti-dumping case in the previous year. The annual production value has dropped sharply from 850 million yuan to 380 million yuan. The orders have dropped sharply, and it has been reduced by 80%. Most of the equipment is idle. Faced with production suspension.

In addition to dispatching staff to provide on-site service, Ningbo Customs has also deepened its production of fasteners, publicized the customs' intellectual property protection policies, helped companies create their own brands and increased their output value.

One small, inconspicuous gadget such as screws and nuts became a big industry in Ningbo. Recently, with the "China Fastener Capital" awarding ceremony, Ningbo has added a national gold industry card.

After the Ningbo Customs learned of this situation, it specially organized personnel to collate the relevant legal provisions of the anti-dumping incident into a booklet. The door-to-door company conducted a face-to-face policy advocacy to guide the company to actively explore new markets, especially the surrounding Asian markets such as Japan and Southeast Asia. In addition, the "Guide to Customs Policy" was prepared to expand the company's vision with practical case studies and provide enterprises with the latest customs policies and regulations.