Industry Activities 

Chong Cheng Fastener Corp - Factory Expansion and Sprint at the Operation

2012-02-02

Under the influence of European debt crisis and the slowdown of U.S. economy recovery, the global economy is staggered and so is the fastener industry. The fastener industry normally keeps a cautious attitude for the future economic development. However, the developed plan of Chong Cheng Fastener Corp is not affected by the current economic situation at all. On the opposite, they expand the factories to improve the operating performance. They pursue their dream step by step, heading to become an international and professional large nuts manufacturer.

Big Investment in Automatic Inventory
SystemsMaking Customers Receive Orders Soon

“Without 100% confidence and trust, any investment cannot be determined,” said President Sandy Yu. He always participates in anything and does it carefully. He added that favoring the growing demand for high value added products, the company spent USD5 million dollars for land, factories, and machines, especially for the establishment of automatic inventory systems. Yu emphasized, under the current competitive environment, time is money. How to help customers reduce their inventory and make them get the orders quickly are very important. As a result, suppliers having sound automatic inventory systems play a very important key. This proposal is expected to complete in the second half of this year. When it is complete, Chong Chong can expand its inventory system from 2,200 to 5,000 tons. “At that time, Chong Cheng can have enough inventory for customers.” Yu pointed the reason of investing automatic inventory systems. Its care about customers is clearly aware.

Best at Customized Products
Hoping to Be in High-Valued Fastener Supply Chain

Chong Cheng is a professional nuts manufacturer, focusing on developing special high-valued nuts. Its production volume amounts to 1,000 tons per month. Of all the materials of products, carbon steel represents 60% and stainless steel represents 40%. The market centers on three large markets including Europe, America, and Japan, occupying 1/3 of the turnover respectively. On top of that, major products in different areas are not all the same. For instance, European markets take the DIN standard products, automobile products and special customized products as the major products. American markets have automobile plants and customized products as the largest. But in Japanese market it takes JIS standard products and construction-use fasteners as the priorities.

Continuous developing new products to satisfy the customized needs of clients and making good market segments are the only two ways in the current market toward success. Yu also knows this point very well and he said, “ If we want to seize the business opportunities in the market, the best way is to avoid competition. How to do that? To develop products other companies can’t make it.” Yu also said that in the development of special products, Chong Cheng only needs 45 days from design to mold making. It’s undeniable to say that Chong Cheng has robust skills in its professional development department. Chong Cheng will keep developing high-valued fastener products, comprehensively upgrading the abilities and speed of products development and being ready to raise the operating performances in order to making Chong Cheng one of the high-valued fastener supply chain.