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Tri-Ring Metalforming Machine Tool Company's Export to Create Another Brilliant Foreign Exchange

2007-07-22

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On April 27, 2005, the second batch of 18 plate shears were shipped in Huaxin Company, the export base of Hubei Tri-Ring Metalforming Machine Tool Co., Ltd., and exported to Belgium.

In July last year, Hubei Tri-Ring Metalforming Machine Tool Co., Ltd. and Belgium LVD Company cooperated again, signing a one-time export purchase and sale contract for 42 forging machine tools with a total value of 569000 euros, and selling them in the international market under the LVD- HD joint manufacturing brand. By the end of April, Hubei Tri-Ring Metalforming Machine Tool Co., Ltd. has delivered more than 20 sets twice in succession, and plans to complete all machine tool export contracts by the end of August. Many years ago, Hubei Tri-Ring Metalforming Machine Tool Co., Ltd. introduced product technology from Belgium LVD company. After years of digestion, absorption, improvement and innovation, it has gained a foothold in the domestic machine tool industry and formed its own brand. The cooperation with Belgium LVD company marks a new milestone in the product development of Hubei Tri-Ring Metalforming Machine Tool Co., Ltd. from "technology introduction to product going out.

Tri-Ring Metalforming Machine Tool Company has a number of firsts in similar domestic machine tools: the first in the domestic industry to pass the certificate to enter the EU market; the first to pass the UL certification to enter the North American market. The company has always adhered to: from "bringing in to going out"; from the export strategy of "borrowing ships to sea to shipbuilding to sea", over the years, foreign exchange earnings from exports have been rising year after year. Last year, foreign exchange earnings from exports were more than 460 million US dollars (net worth), an increase of 80% over the previous year. So far this year, more than 1000 million US dollars of export orders have been signed.

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In 2004, the second post-doctoral industrial base in Huangshi City was approved by the Hubei Provincial Personnel Department to be listed in the company.

2007

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07-22

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