Manufacturer Jiangsu Pacific Precision Forging Co Ltd, a company based in the Jiangyan Economic Development Zone – in Taizhou city, East China's Jiangsu province – is aggressively expanding its production and moving into overseas markets.
The company is known for being a "hidden champion" company in the field of automotive gears.
The term "hidden champions" refers to small but highly successful companies in specialized markets.
Jiangsu Pacific Precision Forging's lead product, the automotive differential bevel gear, ranks first in China and second in the world for market share.
Despite the global epidemic, the company's strong reputation and advanced production has helped it maintain a steady increase in overseas orders.
"The orders have been scheduled until the end of the year and we have already completed 30 percent of our yearly target for orders, scheduled for the end of the year," said Zhang Jun, who works in the company's machining workshop.
Zhang added that with the aid of automation transformation in production lines, its production capacity had increased, providing a guarantee for order deliveries.
Production gets into gear at Jiangsu Pacific Precision Forging's factory in the Jiangyan Economic Development Zone. [Photo/zhjjwx.jsjjw.cn]
Over the past few years, the group has focused on its transformation and upgrading. As a result, it is continuously strengthening its production capacity and R&D efforts, in order to pave the way for its development.