When quantitative change accumulates to a certain degree, qualititative change naturally occurs. Since 2007, many fastener manufacturers have expanded their factory buildings one after another. For example, Shanghai Tianlong, Zhejiang Qifeng, Hangzhou Huaxing, etc. And new changes also happen for Haiyan Yida this year.

As the name suggests, Haiyan Yida Standard Fasteners Co., Ltd. is located in a renowned standard fastener industrial city—Haiyan. They produce various shapes of bolts, such as anchor bolts, U-bolts, eye bolts, and special stamped parts.

According to Mr. Dai, General Manager of Yida, the company started to prepare for buidling new factories last year, in order to meet the needs of productivity. As the old factory buildings are too small to satisfy with the increasing orders. By painstaking efforts, the new factory buildings are situated in Hardware Standard Fastener Industrial Zone of Haiyan Huangqiao, with a total area of more than 12,000 square meters. They have introduced some sets of advanced equipment, including 23 sets of thread rolling machines, 3 sets of wire drawing machines, 10 sets of press machines, etc. The total investment values over 8 million RMB. The number of employees increases to more than 100. It is apparent that Yida has made a great progress no matter in terms of hardware or in terms of software.

"Now, our monthly output reaches over 2,000 tons." Mr. Dai proudly said .

Indead, over 2,000 tons is not a small amount.

Yida has exported their products since its establishement in 2001. Although it has rights of import and export, many of their exports are still operated by experienced trading company.

What is Mr. Dai's response towards the newly-launched policy on the drop of export drawback rate?

Mr. Dai thinks, there is no doubt that the drop of the export drawback rate will make the small and medium-sized fastener enterprieses with low profits even worse. He says, "As some foreign buyers do not accept the sudden rise in price, in order to keep profits, many foreign traders have to reduce the price from their suppliers. However, it is very difficult for us to reduce the price, which will influence us a lot."

Mr. Dai says they have not taken any measures to it. All they have to do is to control in terms of quality and cost. It is hoped that the buyers can gradually accept this fact after a period of time.

Translated by Alice
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