Fast Witley: It is now the best time for rejuvenation

Li Dakai, Chairman and General Manager of Shaanxi Fast Automotive Transmission Group Co., Ltd., recently shared his insights with reporters, highlighting the company's response to the ongoing financial crisis. "The next year will be the most challenging one," he said. "In the past year, we have been preparing ourselves in all aspects, trying to adapt and stay resilient." He acknowledged that the global economic downturn has had a direct impact on the company. "China’s reform and opening up, along with its accession to the WTO, brought Chinese products to the global market. However, under the pressure of the financial crisis and the appreciation of the RMB, exports are inevitably affected." Li emphasized that the company is not avoiding the reality but is actively addressing it. "Sales in the first quarter of next year may decline, but we are ready for it." Despite the challenges, Fast Group showed strong performance in 2008. In the first 11 months of the year, the company achieved sales revenue of 6.441 billion yuan, a year-on-year increase of 18.4%. Production and sales of heavy-duty transmissions reached 460,370 units, up 18.91% compared to the previous year. However, export figures dropped significantly, from 40 million U.S. dollars in 2007 to 30 million in 2008—a decrease of about 25%. Li welcomed the government’s policy of expanding domestic demand, calling it a wise move for the automotive industry. "The 400 billion yuan investment by the state is very encouraging," he said. "Projects such as high-speed railways, highways, and airport construction will require a lot of heavy trucks, which aligns well with our strengths in heavy-duty transmission parts." Facing the crisis, Li remains confident about the company’s future. "We have a solid financial position and no break in the capital chain," he said. Although the company hasn't considered layoffs yet, it is focusing on cost-cutting measures, such as optimizing energy usage during off-peak hours. "With the support of various national policies, we believe things will gradually stabilize after the second quarter of next year. By the second half, we expect more tangible results." However, he also admitted that the full impact of the financial crisis on the auto industry is still uncertain. "We need to wait and see how it unfolds." Looking ahead, Li emphasized the importance of product innovation. "Products are the most important aspect of our business," he said. The company plans to adjust its product structure to be more market-oriented and invest 7% of total sales in R&D next year. Additionally, they are working on upgrading their production lines and enhancing employee training to improve quality. "In my view, the financial crisis is also an opportunity for Fast," Li concluded. "This is the best time for us to innovate and transform. Our ultimate goal is to shift from a manufacturing-based enterprise to a research and development-driven, innovative company."

Lamp Sealed And Waterproof Adhesive

Lamp Sealed And Waterproof Adhesive,Permatex Silicone Adhesive Sealant,Hi Temp Silicone Sealant,Lamp Tube One-Component Translucent Silicone Sealant

Guangdong Shengtang New Material & Technology Co.,Ltd. , https://www.shengtang-silicone.com