Recently, the fastener industry in Leqing has welcomed significant good news, with five industry standards including "Composite Groove Small Pan Head Screws, Spring Washers, and Square Washers Assembly" being publicly announced by the Ministry of Industry and Information Technology. This is of great importance for the high-quality development of Leqing's 100 billion yuan electrical industry and the creation of a world-class advanced manufacturing industry cluster.
Fasteners, known as the "grains of industry," are widely used in manufacturing, construction engineering, and other fields, ranging from eyeglasses to airplanes. The fastener industry in Leqing originated in the 1970s and has developed over 50 years, especially with significant growth in the past five years. Last year, the production of fasteners reached 30,000 tons, 7 billion pieces, with an annual output value of over 4 billion yuan. Behind these numbers lies the transformation of Leqing's fastener industry from "manufacturing" to "smart manufacturing."
Innovation in science and technology has turned small screws into a significant industry. At Zhejiang Jida Metal Co., Ltd., a 10mm long adjustment screw, after 25 years of research and development upgrades, has become a leader in the industry. This screw, weighing only 0.55 grams, is specifically designed for small circuit breakers, with an annual production of 3.5 billion pieces, capturing 80% of the national market share. Zhejiang Jida has partnered with domestic brands like Zhengtai, Delixi, Shanghai Liangxin, and Ningbo Bull, as well as international brands like Panasonic, Legrand, and Schneider.
Zhejiang Tailong Precision Parts Co., Ltd. is also tirelessly pursuing robust new quality productivity. The company's product showroom features innovative products such as mining screws, new energy vehicle parts, charging pile copper contacts, and 5G base station accessories, with tens of thousands of different specifications. In the past three years, the company has invested over 40 million yuan in equipment and research and development funds. Thanks to its focus on R&D, it has moved towards the mid-to-high-end industry through technological innovation and transformation, and now has thousands of quality customers.
The creation of smart factories is driving the intelligent transformation of the industry. Wenzhou Jujin Hardware Products Co., Ltd., one of the first to introduce MES, ERP, and WMS smart systems, has significantly improved its production and management efficiency through the construction of a smart factory. The company focuses on the automotive parts market, providing fasteners for new energy companies like BYD, Tesla, and Li Auto, as well as international automotive parts brands like Autoliv and Faurecia. According to Lin Feng, Secretary-General of the Leqing Fastener Industry Association, the industry has focused on "digital transformation" in recent years, promoting the intelligent technological transformation of the fastener industry and introducing MES smart systems. Most enterprises have now completed the transformation.
Currently, Leqing has over 300 fastener companies, covering all types of modern industrial standard parts, including screws, bolts, rods, nuts, and more than 5,000 specifications. Leveraging the advantages of Leqing's electrical accessories industrial cluster, these companies have formed a renowned national production base for specialized electrical fasteners.
In the new competitive arena, Leqing's fastener companies are transforming and upgrading. Zhejiang Jinghua Fastener Co., Ltd. has introduced advanced equipment to position itself for the future market. Wenzhou Jujin Hardware Products Co., Ltd. has seized the opportunity of the new energy vehicle market, maintaining an annual sales growth rate of 30%, with an expected output value of 1.8 billion yuan this year, doubling its value from four years ago.
Zhejiang Tailong Precision Parts Co., Ltd. has taken the lead in layout, increasing its R&D efforts, and becoming a partner of industry leaders like Huawei, BYD, CATL, and Zhengzhou Coal Mining Machinery Group, riding the wave of scientific and technological innovation to reach new heights.
Facing the severe economic environment, Lin Feng stated that the Fastener Industry Association will work with enterprises to continue to increase R&D investment, strengthen the R&D team, promote the upgrade of the industrial ecosystem, and push Leqing's standard parts industry towards the mid-to-high end of the value chain.
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