Crane Industrial Transformation and Upgradation in Chinese Crane Hometown

Gantry crane

Despite the economic downturn globally, Crane industry of China is challenged by the transformation and upgradation. On 14th April, journalist from Henan Daily witness the starting of the transition in Changyuan, the crane hometown of China.

During the interviewing, the journalist gets to know the annual turnover of Dongqi Group has been increased by scores of percent for years successively, which is a great achievement. In order to find out the reasons behind the growth, the journalist interviews Wang Lijian, the chairman of Dongqi Group.
“ We have been tried our best to make our equipment better and better while other companies are still using the old way to improve market share.” Quality is always the top priority of an enterprises, for which is always the top concern of customers. China crane industry has done greatly in 2014. The income in Henan alone has been up to 45 billion RMB, with the tax revenue up to 58000 million, providing 81300 jobs. The annual production capacity of crane machines is 300,000 sets and 1,650,000 crane parts in Changyuan, the hometown of crane.

CEO of Dongqi Crane

Despite the huge crane industry here in Changyuan, we have to take measures to meet the global challenge. Transformation and upgradation is needed,” said, Mr Xia, the Executive Deputy Director of Changyuan Crane Industry Park. 20 million yuan is provided by Changyuan government as the restructuring guarantee fund and 10 million RMB is offered as the funds for transformation and upgradation. The working capital for Changyuan crane industry is 50 million RMB.
With the government support, crane enterprises are trying their best to upgrade technology and quality of machines. Dongqi group puts huge investment on technology innovation and new products development, etc.

Now Chinese crane industry is taking new situation with the effluence of transformation and upgradation nationwide.