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In order to meet the increasing market demands for fasteners and engineered-solutions, PSM International opened its flagship manufacturing facility in Wuxi on March 1, 2016. This represents the start of a new phase of localization efforts by the company, as well as establishing a foundation in the launch of complex engineered-products and solutions moving forward.

 

Led by Mr. Paul DeMand, Chief Executive Officer of PSM International, the Board of Directors, Executive Leadership team, customers, guests and media all came together to celebrate this achievement.

 

In his speech, Mr. DeMand reinforced the importance of key differentiators such as ‘Global’, ‘Quality’ and ‘Safety’ for PSM International’s success in the global marketplace. With roots as a British-based company with more than 80 years history, PSM International has long ventured overseas with operations globally. The Asia Pacific region is particularly strong, with the establishment of teams in Taipei, Hong Kong and Singapore, further complemented by the flagship manufacturing facility in China. Not only did these expansion initiatives help PSM International establish a foundation in its strategy for globalization; they also set an important milestone in PSM International’s development as a multi-national company in providing R&D, production, supply chain and technical support solutions for key global customers.

 

During the Opening Ceremony, Mr. DeMand also stressed the significance of the Wuxi manufacturing facility to PSM International. He stated, ‘Since the establishment of its first Wuxi factory in 2002, this location has become the hub of China for PSM International. It enables PSM International to continuously provide our customers with high quality and highly engineered-products both in China and globally. Through all of the challenges in the last decade, PSM International has built up long-term partnership relationships with our customers; trusting, supporting and winning together. The new Wuxi plant is equipped with world-class and highly efficient manufacturing and inspection facilities, fully functional laboratory with advanced production and processing capabilities that represents a new chapter in the history of PSM International.’ Mr. DeMand ended his speech by thanking all of PSM’s key partners for working together and winning together.

 

As part of the ceremony, all guests and media were invited to a tour of the entire manufacturing site. Mr. James Wong, Country Manager of China for PSM International introduced guests to the manufacturing facilities as well as professional fastening solutions. He indicated that fasteners have diverse applications. Currently, the demands for automotive applications have continued to increase, comprising over half of the sales revenue in China. He further added that the China market has provided PSM International an excellent opportunity for expansion and growth, due to the ability of PSM International to provide high quality products and optimized solutions, attracting local and overseas customers alike to partner with them. In addition, the establishment of the Wuxi manufacturing plant has enabled PSM International to anticipate and provide timely response to customers’ needs and satisfy their requirements. ‘PSM International guarantees high quality fasteners and engineering solutions. We have confidence that we can meet and exceed customers’ expectations with our products, and our world-class technical and sales support.’

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