China's tool industry has survived the financial crisis market participants to compete

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The "financial crisis" is a topic that must be mentioned in the "Eleventh Five-Year Plan". It is also the most memorable battle in the past five years, a long-lasting battle. Fortunately, from the perspective of the whole industry, we have survived this crisis and survived the crisis with a qualified record. Since the fourth quarter of 2008, many corporate orders have fallen by 50%. Beginning in October-November 2008, large-scale domestically influential major tool companies have suddenly experienced a significant decline in sales, which has generally declined by 40% to 50%. Sales in January 2009 improved slightly, down 36.7% year-on-year. 2. The situation in March continued to pick up. Orders and sales of some companies have reached 70% to 80% of the same period of the previous year. However, the sales revenue in the second quarter fell by 33.2% year-on-year, and the profit fell by 72.7%. It was only in August that there were signs of improvement. There is a crisis outside, and there are drawbacks in it, and the company is in an unprecedented predicament. The domestic tool industry fell by about 15% year-on-year in 2009. Due to the continuous deterioration of the international market, the international market generally fell by as much as 45%, and the international giants were not spared. In an interview with reporters in October 2009, Lennart Lindgren, executive vice president of global marketing and business operations at Sandvik Coromant, pointed out that from the global market of Sandvik Coromant, “the initial impact on Japan and the US market is deep. With the gradual development of the economic situation, the impact on the European market is more prominent. Asia, especially the Chinese market, is the least affected, and there are signs of obvious recovery.” Shen Zhuangxing, secretary general of the Tool Tool Industry Association of China Machine Tool Industry Association, spoke about this. In the crisis, it was pointed out that “the response and performance of the vast majority of enterprises in the tool industry in the face of the major impact of the global financial crisis show the progress and development of enterprises as market players after more than a decade of market-oriented reforms.” Ten years ago In the Asian financial crisis, many companies have disregarded market changes, hardened the scale of production, and even panicked the way, cutting prices and getting into trouble. In the face of this global financial crisis, most companies face the reality of market changes with a positive attitude, adjust production rhythm in a timely manner, and do a lot of solid and effective work in reducing costs, increasing revenue and reducing market capacity. Moreover, many companies have also learned to "risk" and re-seek "machines", such as taking advantage of the market's low opportunities to focus on internal training and process transformation, seize the opportunity to carry out structural adjustments and industrial upgrading, and win the first round of growth. We have seen that after this crisis, enterprises have become more aware of the need to shift from the development of traditional standard tools to the development of modern and efficient tools, from product-oriented to service-oriented. In the crisis, international big companies are fully promoting their "total solutions" services to users, helping users to reduce costs and increase efficiency. In general, the financial crisis has also given us an opportunity to adjust. Many companies have taken the opportunity to rectify internal management, promote resource conservation, and speed up development. The financial crisis test proves that our company has been honed through the market for many years. Has been able to participate in market competition as a truly independent market entity.

Flat Point Grub Set Screw

The head of a slotted flat end set screw is flat, usually without protrusions or protrusions. There are one or more slots on the head that can be used for fastening and loosening using a screwdriver or other tool. The slotted design provides easy to operate features.
Material: Slotted flat end set screws are usually made of metal (such as steel) to provide good strength and durability. According to specific application requirements, screws may be made of different materials and surface treatments to provide better corrosion resistance.
Application: Slotted flat end set screws are widely used in various fields and industries, including mechanical manufacturing, automotive industry, electronic equipment, furniture, and woodworking. They are commonly used for connecting components that require frequent disassembly or adjustment for maintenance, replacement, or adjustment.

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