Those days, Jianglong industrial park, Zhuji Jiyang Street, witnesses several vehicle excavators keep extending their arms. Company base construction principal tells us the power is available, only parts of the plot are still stuffing, the main part will be started in the coming year.
This year is full of expectation for Quanxing Group; the branch company Zhejiang Kunyuan invests 1 billion and occupies 200 mu areas, the infrastructure construction is on the way, if it goes smoothly, parts of production line will be put into operation, leading the secondary development in 2013.
For a long time, Quanxing carves out by the idea “seek the best instead of the largest”, never conduct blind investment, never start diversified management, but focus on the development and manufacture of steering pump. Kunyuan project is the biggest project of Quanxing group, the new project adopts electro-hydraulic power and electric power steering system to manufacture 1.5 millions Auto EPS and Agriculture and engineering system assembly which will bring 2 billion salerooms.
Quanxing president says compared to the traditional hydraulic steering system, the EPS electronic power steering system has the advantage of improving the stability, safety, handiness and decreasing the engine power loss, helping oil saving, reducing the pollution. The EPS loading rate in china is less than 20 percent by far, far less than the global average , self-owned brand EPS in domestic market only occupies 8 percent, localization rate is promising, the enterprise will realize a qualitative leap with the new project into operation.
The key motivation for this leap comes from ten years’ primitive accumulation, technical force, and the significant opportunity. For all the time, Quanxing spares no efforts to development input which provides the sufficient motivation for technological innovation. By far, company owns 10 patents of invention and 15 practical patents.
Quanxing Group plans to add the steering pumps to 8 million from the last year 2.3 million and 500 thousand gears within 5 years. The coming 5 years are the significant period, through the Kunyuan project, the company will extend to all the steering system, to form a bigger vehicle parts, electric steering pump, passenger vehicles steering pump, EPS electronic steering system production, and the sales volume will step into a explosive growth period.