Shanghai Enhances Producer Services-China Fastener Info

Shanghai Enhances Producer Services

| Exhibition Info

Exhibition Name: Shanghai Enhances Producer Services

| Exhibition introduction

In recent years, Shanghai has shifted its economic development strategy to enhancing its service-oriented industrial structure. A large number of traditional manufacturers gradually transform from manufacturing to producer services. This new trend has become a main force that triggers the upgrade of Shanghai industrial structure.

Several years ago, Shanghai Biaowu High-Tensile Fasteners Co., Ltd. was a traditional manufacturer of fastener products. The business was trapped by its low value-added products and high labor costs. In 2004, they started to shift to a logistic company. Spokesman of the company says now they face more than 570 distributions and over 200 manufacturers, small or medium-sized every day. Distributors often place small quantity orders but in various specifications; while the orders of manufacturers are quite large. As a medium service provider, Shanghai Biaowu solves the demands by integrating and separating resources. For 5 years' development, the company has become a logistic enterprise that integrates orders, purchase and distribution center, being No.1 fastener exporter in China five years in a row. It is expected that exports by value this year will have reached 200 million US dollars by the end of this year, three times that of 2003.

Translated by Alice
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