
With the launch of Stanley (Wenton) Tools Co., Ltd., Power Tools launched a new round of expansion. Aven Motors implemented a desktop power tool project... Nowadays, Wendeng Hardware has grown to more than 400; in 2010, the tool industry annual sales The income reached 31.482 billion yuan.
In recent years, under the leadership of Power Tools, Aowen Electric and other key enterprises, Wendeng's tool companies have continuously changed their development methods, implemented their second ventures, and achieved fissile expansion and upgrading. The high-grade desktop polishing tool products developed by Aowen Electric have enjoyed a high reputation in the domestic and foreign markets, but the production capacity is insufficient. In order to enhance the company's core competitiveness, Aowen Motor has invested 200 million yuan to implement a desktop power tool project. Production of high-grade desktop electric polishing tools 1 million units, new sales revenue of 380 million yuan. On November 11th, 2010, Power Tools Group invested RMB 800 million to build a foundation for the energy-saving and environmental protection industrial park project, and started three rounds of expansion of the company. After the project reaches production, it can increase sales revenue by RMB 2.5 billion annually.
While expanding and upgrading, various electromechanical tools companies also continuously increase investment in technological innovation, and rely on technological innovation to accelerate the pace of transformation and upgrading. Each year, Power Tools Group's technology development accounts for more than 6% of sales revenue, patented products account for more than 70% of total output, and foreign market share reaches 35%, making it the world's largest live wrench production base. Wenlong Battery has set up scientific research workstations in 10 colleges and universities at home and abroad. It has long hired Australian experts to carry out high-tech development, and a number of technologies and products have filled domestic gaps. At present, Wendeng mechanical and electrical industry already has three provincial-level enterprise technology development centers and six provincial-level engineering and technology research centers of Power Tools, Aowen Electric Motors, and Thai Fuxi Ma, becoming an important base for scientific research and development of hardware companies and transformation of scientific and technological achievements.
With the transformation and upgrading of “hardwareâ€, the mechanical and electrical industry in Wendeng has now become a serialized and large-scale development pattern dominated by hand tools, pneumatic tools, power tools, hydraulic tools, and machine tool tools, becoming a “China County Industrial Cluster 100 "Strong" and "Top Ten Influence Industry Clusters in Shandong Province".
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