Caogong Hydraulic Technology. [Photo/WeChat account: txfabu]
Based in Taixing, Jiangsu province, Caogong Hydraulic Technology has specialized in forklift oil cylinders and through six years of precise market positioning and continuous innovation, has developed into a high-tech enterprise.
During its start-up period, the company began producing cost-effective oil cylinders for the forklift industry.
Zhu Kai, general manager of the company, said that through large scale production and undertaking customized small orders, the company won a stable position in market competition in just six months.
Zhu summarized the secrets behind the company's rapid growth. Firstly, the company upgraded its core equipment to inclined rail computer numerical control (CNC) machine tools, which increased machining accuracy more than three-fold and reduced single piece machining time by half. Secondly, efforts were made by the company to deeply cultivate the field of forklift oil cylinders. Thirdly, the company relies on stable cash flow and reinvestment of profits and does not blindly expand.
The factory of Caogong Hydraulic Technology. [Photo/WeChat account: txfabu]
The company's growth also cannot be separated from Taixing's superior business environment. "Timely dissemination of policy information, proactive inquiry into difficulties, and active coordination of issues, allowing our company to develop smoothly," said Zhu.
Last year, the company received 157,000 yuan ($21,862) in special fund support from Taixing's bureau of industry and information technology.