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Chun Yu Gains Orders from Railway and Special Vehicles Industry
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2013-06-28
General Manager Lee of Chun Yu said 70% of Chun Yu’s orders are from the supply chains of multinational corporations. The production and product delivery distribution keep growing steadily. Although the market exists negative viewpoints to the second half of 2013, Chun Yu has a different viewpoint of it. The current undelivered orders in the company can last to the following 3 months and the company has gained the orders from 4 out of the 5 global largest railway systems. One railway construction will be commenced in July or August. Chun Yu is also going to sign the contract with the largest excavator manufacturer in July. Lee said that the procedure has to be processed step by step and cannot be completed instantly. However, he added that the efficacy will be shown gradually on the financial report.
Lee said that the company exports to at least 57 countries. Because they care about the combination with multinational supply chains, their orders on hand can last to the next 3 months, even the domestic orders are not enough at this moment. In recent years, the company cares marketing very much and has transformed itself from manufacturer to manufacturing service provider.
Lee said that it is really hard working and the factors of languages and cultures should be taken into account. With everything being settled well, you can thus enter the supply chains. Lee added that it will take a long period of time to build relationships with these big companies, so does the upgrades in the company. Chun Yu has been in operation for 60 years and it will continue to learn and upgrade itself. Chun Yu is expected to go forward under the leadership of newly elect General Manager.
To look upon its factories in China, the factory in Anshan still needs more time to make profits. However, the loss of its investment in China this year is expected to be lower than the previous year. The large factory in Dongguan shows the potential of value increase and the company is now arranging development projects.
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