News 

Learning from the successful results of leading Grainger and Fastenal, Gem-Year now has its long term strategic plan for building a hardware sales & logistics system. In addition to the focus on fastener production, development of high-end fasteners, auto fasteners, and railway fasteners, Gem-Year is also aggressively integrating the profit making downstream sales approaches, building the hardware sales & logistics system, and setting up chain stores offering modern fastener supply service and MRO, which supports the continuous development of the company.

So far, 3 projects to build the hardware sales & logistics systems in Jiashan, Shenyang, and Quanzhou have been in the process as scheduled and are almost finished. The advantage of Gem-Year to adopt the modern hardware logistics is that it has 4,000 direct customers and 2,000 distributors. The future of the fastener industry (incl. the hardware industry) depends on the ability to supply service (like sales, warehousing & delivery, and one-stop service), rather than the ability to produce. If one can offer the sales & service network with the widest coverage, own the ability to achieve effective warehousing & delivery, and have the ability to provide one-stop service, he wins.