Wenzhou lock industry financial crisis flying in Adversity

In the depressed market environment, enterprisesSecretary-General Li-Xin Jin, Deputy
often weak, lack of confidence, some reports haveSecretary-General Lu Chi-Ying, China Daily, deputy
even claimed that a large number of manufacturingdirector of hardware technology development center
enterprises in China in a crisis after another in transition,Bizhi Tao, Zhou Heping, Secretary General of Zhejiang
when the news of bankruptcy, though aware of suchhardware went south line of Wenzhou, one thing
reports are exaggerated, But whether it is locked inWenzhou Hardware Association to participate in the
Wenzhou have re-evaluation research, we see asecond-fourth General Assembly and, more
piece in the new plant construction is still workingimportantly, is the inspection and study of Wenzhou,
overtime to produce a commodity of workers or"China's locks are" industrial base for
members of the General Assembly of Wenzhoure-evaluation.
Chamber of Commerce lock together hundreds of    Wenzhou Light takes time, and locks in the local
members of the boisterous scene - these arehistory is a unique position. Since 2002 the Award, lock
Paradox in the legend of the scene or to reportersindustry has developed into a local leather industry
surprised.following the second largest pillar industry, year, and
    Wenzhou City LockShandong, Guangdong combined output accounts for
    Hard to be strong in face of crisismore than 60% of the country.
    January 8, Wenzhou International Hotel 1    However, after 6 years of development,
spacious meeting room, filled with veterans fromWenzhou lock industry and 2002 has been quite
Wenzhou lock industry, executives, a warmdifferent. Wenzhou Chamber of Commerce, according
atmosphere make this 39 day of winter seem not soto information provided by locks: Wenzhou currently
cold. The meetings on both sides of the correspondingengaged in a certain lock manufacturing and large
slogan "anti-winter confidence to forge ahead toenterprises a total of 400, 183 above-scale enterprises,
bring Chinese locks brilliant," "Seize theof which more than 50 million yuan annual output value
Opportunity to be concerted efforts to seek commonof more than 60 scale enterprises, practitioners 5.6
Wenzhou enterprises interactive hardwaremillion workers and annual profits and taxes turned
development," the two words to make peopleover to state and local more than 600 million yuan. The
remember trance, the financial crisis impact has beenmain products are mortise lock ball lock, bicycle lock,
deep into export-oriented industries in Wenzhou locks,motorcycle lock, and in recent years, development and
and two with the encouraging nature of the bannersproduction of high-grade mechanical and electrical
and the surrounding atmosphere, but people have tointegration, IC card lock, key lock, inductive lock, keypad
think of Wenzhou "pressurizing not bend,"and so on. Enterprises mainly in Ca Mau sea, Lucheng,
"Hard to even Strong, "the unyieldingLong sewage, water Peggy Ryan, etc, according to
characteristics.incomplete statistics, in 2007 sales of 9.51 billion yuan
    In fact, the financial crisis there is indeed alock the city and foreign trade export volume of 40
challenge brought in Wenzhou, especially in real estate,billion this year despite the global financial crisis, lock is
under the influence of auto industry downturn,expected to remain more than 10 billion yuan sales,
export-oriented door locks, car locks and otherannual output of nearly 500 000 000 locks, bike locks
products are facing reduced orders, the profit declinewhich accounts for more than 83% yield, sales,
situation. But bearing that in mind, with clear fluctuationsexports and production rank first in the country.
in oil prices, the automotive market malaise of theProducts are mainly exported to USA, Japan, Europe,
people to exercise and healthy pursuit, so thatAfrica, Southeast Asia, the Middle East more than 130
consumers in their daily travel and began to choosecountries and regions all over the country, are
convenient, low power bicycles, followed by , that is aChina's major production base of locks.
large demand for a bike lock.    From the brand perspective, is now in the lock
    Bike lock is one of the characteristics ofindustry in the country, General Lock was a
Wenzhou lock products to general, neutral to the twowell-known trademarks in China; China National
leading manufacturers of related products andHardware Association, chaired by China's
promote the local industry chain flourish. It locks in"Top Ten Lock King", Wenzhou accounted
Wenzhou Chamber of Commerce, for-ming, chairmanfor 4. In addition to a number of "National"
of Universal Group, currently part of the world'sbrand products, Wenzhou, Zhejiang Province also has
great bike locks are from Wenzhou, and even Japan,a famous, famous trademark of Zhejiang 9, city many
Europe, several top international brands have theirmore brands.
production lines to a few large enterprises in Wenzhou,    In terms of scale, since September 2002 was
in particular, is a universal, neutral and two groups, andawarded the "Chinese locks are" title, the
now have high-end products, most orders at homeWenzhou lock output from 6.0 billion in 2003 to 9.5
and abroad.billion last year, an increase of 58.3%, exports from 20
    "We are still working overtime to makebillion by 2003 42 billion by last year, an increase of
every effort to produce, but even so, orders or more110%, and emergence of a group of 100 million yuan in
drive over." Ming Zhang for his workshop lookingoutput value, a good reputation in the lock business.
at are going all the workers assembled products, theFrom the impact point of view, had Wenzhou lock
full swing of the scene, many struggling business"no reputation", with progress will eat
owners may feel envy. "While the financial crisis"cold shoulder", is now involved in the
to impact on many sectors, but at least on the bikeformulation of national standards lock industry ... ...
lock is not the case this year we have maintained a    Wenzhou, a welcome change of locks in the
20% growth, sales remained at 4.3 billion." Neutral,base re-evaluation workshop, executive vice president
too, its new factory located in Wenzhou, the local nowof China National Hardware Association, Monk Shi Lan
completed, equipment staff has also been put in placeis pleased to announce: Wenzhou locks are after 6
the logistics planning to be done only after, you canyears of development, industry structure is reasonable,
immediately put into production - in this marketa complete industrial chain matching system, formed
environment, able to do this generous investmentseveral companies as the leading brand of industrial
company, can be described as rare.clusters, has an impact in the country, lead by example,
    Although the pressure, but the lock'spassed the re-evaluation!
performance as Zhang Wenzhou, as Ming said:    Polish the gold standard once again locked in
"Our member companies in the crisis, not aWenzhou are exciting, the crisis into the experience,
closed, closed down." In this regard, China Nationalbrand building of the road are worth across the
Hardware Association executive director feldsparcountry. In summing up these findings, the stone monk
Monk Lan said: the more the dilemma, the more itsorchid revealed to us a message - the current local
explosive power, is the characteristics of thegovernment and the Wenzhou Chamber of
enterprises in Wenzhou, in this crisis, but enterprises inCommerce is planning a lock on the lock industry
Wenzhou are more likely to trip the lock out a newforum, will have industry experts and practitioners will
development.gather in Wenzhou, and discuss the crisis before
  Shi Liang, "Chinese locks are" signsindustry trends and the future - and the experts
    The China National Hardware Association, Blueexpect will bring us the voices and the successful
Monk, executive vice president of Stone, theexperience of Wenzhou.