“We are always on the way to be better,” this short sentence not only shows the determination of Zhengyu staff striving to start business together, but also demonstrates their commitment to being responsible for their customers. In retrospect, Ningbo Zhengyu Fasteners Co., Ltd. has experienced its ups and downs, stride ahead firmly and aggressively in the past decade. It has an excellent team, solidly united, making every endeavor to realize their dream. The current annual output of 10,000 tons and export value of RMB100 million prove the short sentence-“We are always on the way to be better”. Their hard work pays off.

Founded in 1999, Ningbo Zhengyu Fasteners Co., Ltd. is specialized in manufacturing standard parts and exports their products to overseas markets through foreign trade companies. Staffed by 50 people at its early establishment to now 200 people, its core business has been changed from standard part to non-standard parts in 2001 both due to the increasingly fierce competition in the standard fastener industry and to meet the need of its development in the future. In 2004, Zhengyu moved to a new plant, laying a solid foundation for its exploring the international markets. Now 99% of its products are for export and they are mainly used in the embedded part industry and the electric power products. So far, Zhengyu has developed to be a professional Sino-foreign joint venture of manufacturing large fasteners, electric power parts, construction parts and non-standard fasteners.

As Jim Collins, the well-known American management expert, said, “Every enterprise should consider these three issues at regular intervals—what is your company’s strength now? Does it serve as an economic accelerator to the development of your company? Do you have a passion for it? If all the answers are negative, you should give it up at once because you will give it up or be forced to abandon it sooner or later.

Obviously, Boen Lee, the general manager of Zhengyu, did as what his intuition told him to as he decisively choose non-standard parts as it core business instead of standard parts. Equipped with over one hundred sets of devices, including 10-odd sets of detecting apparatus, the company enjoys a yield of 10,000 tons with the export value reaching 100 million annually. Its products, covering an incredible variety of standards involving American standard (ANSI), Germany standard (DIN), British standard (BS), Japanese standard (JIS), National Standard (GB) and other non-standards, are popular with purchasers in America, Europe, Australia and across the world. What’s more, Zhengyu is ISO9001:2000 certified by virtue of its state-of- the-art technical craft, modern management system and strict product detection. All of these have proven that Zhengyu’s original choice is right and wise.

The 21st century is a century for talents. If an enterprise is not backed by talents, its blueprint, no matter how great it is, cannot be implemented, still less will succeed eventually. In addition, if an enterprise doesn’t have its own company culture, it cannot unite all their staff and will lose its competitive edge forever. Therefore, Zhengyu regards "people-oriented" practice as one of their most important missions, and spares no effort to explore and absorb talents, paying much attention to their development by providing enough room for them to realize their full potential. Besides, the company arranges travels for its talents every year, and gives support when they are in need. Zhengyu hopes to grow strong with its staff together.

“This decade we are always on the way to be better, striding ahead step by step with a steady development. Still we have a long way to go, and I hope Zhengyu will develop faster in the future and realizes its goal of Initial Public Offerings,” said Mr. Lee.

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