Fastener Shanghai
fastener
fastenerHomefastener
fastener
fastenerNewsfastener
fastener
fastenerfastenerBuyers' Guidefastener
fastener
fastenerStandard Searchfastener
fastener
fastenerFor Buyersfastener
fastener
fastenerFor Suppliersfastener
fastener
fastenerMagazinefastener
fastener
fastenerTrade Showsfastener
fastener
fastenerMy Officefastener
fastener
fastenerPost Inquiriesfastener
Home->Fastener News->Export Value of Zhejiang Minmetals Increased by 25...You are the 489354 visitors
Views:4411   |   recommendation:fastener   |   Votes:1   |   Discuss:0
Export Value of Zhejiang Minmetals Increased by 25% Year-On-Year

"Established in 1980, Zhejiang Minmetals is the biggest hardware trading company in Zhejiang Province. It has won many awards, such as 'AAA Enterprise', 'Advanced Export Enterprise of Mechanical-Electrical Products', and 'Grade A Management Enterprise'. Its trademark 'CK' is famous in China."

In 2007, problems like frequent fluctuation of steel prices, increasing ocean freight, cut of export rebate rate and appreciation of RMB exchange, etc. heavily squeezed the profit margins of many enterprises.

However, Zhejiang Minmetals Huaxing Import & Export Co., Ltd. created a new record in terms of import and export value last year. According to Sales Manager of Zhejiang Minmetals Mr. Chen Aoshuang, its import and export valued 270.68 million US dollars, a year-on-year increase of 17.04%. The export value was 191.65 million US dollars, a gain of 25.07% year-on-year; the import value was 79.03 million US dollars; domestic trade increased by 28% to 990 million yuan, while export value of fasteners increased by 25% to 25 million US dollars.

Established in 1980, Zhejiang Minmetals is the biggest hardware trading company in Zhejiang Province. It has won many awards, such as "AAA Enterprise", "Advanced Export Enterprise of Mechanical-Electrical Products, and "Grade A Management Enterprise". Its trademark "CK" is famous in China.

CFI: Does your company produce fasteners?

Chen: We establish business relations with a fastener factory. With long term cooperation, they have become an important part of our Zhejiang Minmetals.

CFI: How did you overcome such difficulties as the rise in steel price and the cut of export rebate rate? How did you achieve export growth under this situation?

Chen: We maintained our growth in export last year because many of our regular customers were satisfied with our products and services. Then they increased orders. In fact, we overcame the difficulties in many ways: We finished some orders before the policy was launched; for some orders, we negotiated with customers on price; for the depreciation of US dollars, Euros were required for the settlement; and some orders were priced and quoted by bank's forward deal. For those hard-to-change orders, we'd rather lose profits than break our word. It's certain that we are concerned about the problem on the depreciation of US dollars. The real growth rate of our export volume last year is a little lower than the figures showed.

CFI: Any new plans for the New Year?

Chen: We have advantage in circulation. We collect much information and have many sales channels at home and abroad. We have storage center in many places, such as Hangzhou, Ningbo, Jiaxing, Wenzhou, etc. and learn from the large Japanese company. Our plans include: To develop clients in Africa, Middle-East and South-America. Moreover, we will expand the domestic market and increase our market share. Certainly, we will keep in touch with our regular customers when exploring new ones. In terms of products, we will develop more special fasteners and plastic products. We notice the fierce competition in standard fastener market and get to know the non-standard market is of high potential. We hope to develop more non-standard products to meet customers' needs. In addition, we will strengthen the cooperation with our factories. We will promptly transfer customers' requests and market trend to them and help them introduce new equipment and develop new products, so that the product levels and quality will be further improved.

Translated by Alice
www.chinaFastener.biz
www.chinaFastener.info

2008/2/29 15:47:00

Related Company:  ZHEJIANG MINMETALS HUITONG IMPORT & EXPORT CO., LTD.

Previous:    Chinese screw-makers urge EU to drop duties case
        Next:    Search for iron ore accelerates

Recent Related News
PENNENGINEERING WINS $14M JUDGMENT AGAINST PATENT AND TRADEMARK INFRINGER--2018-08-30
WüRTH GROUP CLOSES FIRST HALF OF 2018 WITH SALES OF EUR 6.8 BILLION--2018-08-29
Bossard Sales Grew 13% in 2018 First Half--2018-08-15
July Marked Fastenal's 14th-Straight Month With At Least 12% Daily Sales Growth--2018-08-09
Dongtai Huawei Standard Component Corporation Develop New Products, Target on Mid and High-End Markets--2018-07-13
Yuxin Fastener System: Dedicated to Becoming the Leading Manufacturer of Anchors in China--2018-06-29
Dongguan STL: Practice Brand Concept By Setting up Fatigue Test Center--2018-06-08
Germany's Billionaire 'Screw King' Tightens the Screws on the U.S.: No More Investment Until Trump Goes--2018-06-08
Fastenal To Build New Mississippi Distribution Center By 2019--2018-06-06
Sundram Fasteners Q4 standalone net up 8.62%--2018-05-15
NORMA Group to acquire water management company in India--2018-05-09
Large Customers Power Fastenal's Continued Strong Growth In April--2018-05-08

Vote for this news?

fastener(Very Good)
fastener(Good)
fastener(Normal)
fastener(Bad)
fastener(Very Bad)


Discuss
More Discuss...
Your Name: Anonymous

Enter the code shown:fastener3fastener

Fastener Shanghai


China Fastener Directory
Get it FREE!
fastener
Get your CFD at the following shows:

•Vietnam Manufacturing Expo, Aug 8-10, Hanoi, Vietnam

•Fastener Shanghai 2018 - Shanghai Fastener & Tech Show, Sept 26-29, 2018, Shanghai, China

•M-Tech Osaka, Oct 3-5, 2018, Osaka, Japan



Show Room



Offer Product

Latest News
• China will buy 7,690 planes over 20 years, Boeing says

• Taiwan's Fastener Exports Set Record High in H1

Buyers' Guide
Company News

• Dongtai Huawei to Attend Korea 2017 Metal Week, Booth No. 8a103, Welcome to Visit Us!

• In Pursuit of Excellence in Quality—ZHEJIANG CHAOBOER HARDWARE CO.,LTD.

The Way to Enter Chinese Market
The Way to Enter Chinese Market


fastener