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Who laughs best?

By , 2008-07-30 12:00:00

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Recently, fastener industry has confronted with severe challenges from appreciation of RMB, cost rising, new labor law and falling of export tax refund. Under the severe environment, what kind of expression do the fastener enterprises have? Let’s have a brief look.
 
Laugh
The representative is Jiaxing Brothers Fastener Co., Ltd. It adopts the following measures to increase profit: First, to add technology elements to its products. From its products construction we can see that the high strength products increase its ratio to 50% from 30% and the added value of the products increased from 4000 RMB per ton to 9000 RMB per ton. In order to save energy and limit emission, Jiaxing Brothers Fastener has introduced a new set of equipment, which can save the cost of products 3,500 RMB per ton. Also, the company has built a dock near the New Bridge of Hangzhou Gulf, which can make every container save about 100 to 150 RMB. In addition, they adopt the forward settlement of exchange to get away from exchange rate risk.
Now, its profits increase has increased by several times. No wonder it laughs.
 
Smile
Xingtai Ningbo Fastener Company has built an interprovincial industrial chain, with Xingtai Steel Upstream, Yongnian Fastener Market and the under-construction Shahe Machinery Components Market downstream. The industrial chain has advantage in energy, material and mature market. Also the cost of logistic is low.
 
Tears give way to laughter
Shanghai Biaowu High-Tensile Fasteners Co., Ltd. is the best demonstrator. It was a traditional manufacturer of fastener products. The business was trapped by its low value-added products and high labor costs. In 2004, they started to shift to a logistic company. Spokesman of the company says now they face more than 570 distributions and over 200 manufacturers, small or medium-sized every day. Distributors often place small quantity orders but in various specifications; while the orders of manufacturers are quite large. As a medium service provider, Shanghai Biaowu solves the demands by integrating and separating resources. For 5 years' development, the company has become a logistic enterprise that integrates orders, purchase and distribution center, being No.1 fastener exporter in China five years in a row. It is expected that exports by value this year will have reached 200 million US dollars by the end of this year, three times that of 2003.

Cry
Meeting with so many challenges, a lot of small business owners have to close down because of the shortage of capital and material.
 
From the different looks of the enterprises, we can see that industrial upgrade is necessary and inevitable to join the global competition.

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