Progression In Domestic And Foreign Markets With Excellent Performance
Established in 1994, Shanghai Rivet Manufacture (renamed from Wenzhou Yuanda Standard Components Mfg. Co., Ltd.), with 30,000 sq. meters of factory, specialized in M3 to M16 rivets nut of carbon steel, stainless steel, alloy, and copper, which are applicable to various industries such as automobiles, electronics, machinery, and aerospace. Mr. Chen, manager of Shanghai Rivet Manufacturer, points out, “We have various products in comprehensive specifications to satisfy versatile customers' demand.”
Currently, it sells to global markets; 60% of its sales are delivered to Europe, Africa, America, and Asia. Its capacity in 2012 reached 300 tons per month, approximately 700 million pieces. The enormous capacity gives it a great advantage on cost control. Furthermore, it incorporates the advanced quality management system and equipment to guarantee clients with the best product quality, including mold workshops, electroplating machines, laboratories, four heat treatment production lines, optical sorting machines, and auto-packaging machines.
In the end of 11th five year plan and the start of 12th five year plan, China economic and infrastructure development is continuously on the rise. This is further accompanied by rural-urban integration that drives up fastener demand. In response to this ongoing trend, Shanghai Rivet Manufacture increases investment in factory and production equipment. Mr. Chen said, “The capacity of our company has been at the top in China. Plus, we will make more efforts in developing high-end rivets because China will have enlarging demand for high-end fasteners in the future.” The company has been closely watching the industry environment and made its path into the automobile and motorbike sector.
“We are very optimistic about the economic conditions of the second half of 2012”, said Mr. Chen proudly. Shanghai Rivet Manufacture continuously persists on the “both-way” principle, which is simultaneous progression on both domestic and foreign sales. It has gained outstanding results in expanding the domestic market, while its foreign sales have expanded to Africa and Australia regardless of the effects of Europe economic depression.
In prospect of the future, Mr. Chen points out that China has the largest investment potential with its enormous population of 1.3 billion people and a stable political environment as well as a good economic foundation.” As a metaphor from the company’s Chinese name (which means “Being Progressive and Being Innovative”), Shanghai Rivet Manufacture is no doubt heading toward a better and stronger future.
