On 5th, November, China International Import Expo (CIIE) 2018 is held in Shanghai. A German “Taurus Gantry Milling Machine” with mass 156 tons has attracted much attention.
Though, it is the undeniable fact that high-end machine tools in China still rely on import, with the United States, Germany and Japan are the dominant forces in CNC devices including industrial development, design, manufacturing, applications as well as experience. In contrast, China is facing numerous challenges such as irrational industrial structure, poor innovation, etc.
However, it is also a fact that cannot be ignored that in the past 40 years since reform and opening up, a large number of Chinese CNC enterprises are growing quickly and becoming the most vigorous body of the market economy in China. They grew up from the scratch, from small size to giants, from poor innovators to R & D experts, from a domestic company to a global company. Today, we are proud to say that WEIHONG Company has been one of them.
Since its foundation in 2007, WEIHONG Company (stock code 300508), based on independently-owned industrial automation CNC technologies and by unswervingly upholding the corporate philosophy of "Concentrated Focused Specialized", has grown into a R & D enterprise who can quickly respond to customers' demands and realized shared development of both enterprise value and customer value.
Reform and opening up in 1978 is a decisive choice for China in recent decades. And 2018 is the 40th anniversary of this policy. In this year, from 5th, November to 10th, November, the first China International Import Expo is held in Shanghai. As the first expo that is themed with import, this Expo attracts more than 2800 enterprises and companies from more than 130 countries and regions. In the past 40 years, we have witnessed remarkable changes and development in CNC industry in China:
• In 1979, machine tools in China were only 692.
• In 2007, market share of CNC machine tools that were manufactured in China exceeded 50% for the first time in the history.
• From 2000, annual output value of Chinese machine tools has made a significant breakthrough. And China has become the most largest country of CNC machine tools builders.
To build up the core competence featuring Intelligent Manufacturing in China, the development of CNC industry in China relies on the development of key and innovated technologies including servo drive, servo motor. Since its foundation, WEIHONG Company devotes herself to continuous exploration and innovation in motion control products. We are proud to say that we have successfully made some achievements.
On 19th, April, 2016, WEIHONG Company was publicly listed, which will benefit all stakeholders, R & D innovations and company development, as well as talents recruitment, by fully taking advantage of capital market.
Up to now, WEIHONG Company has achieved the following: software copyrights 43, patents 102, registered trademarks 19. All of these will be the favorable foundation for further technological innovation and be important part of core competency of the Company.
At the same time, R & D development and innovation in WEIHONG Company has helped the take-off and development of domestic CNC industry. Today, WEIHONG CNC systems have been widely applied to industries such as mold making, metal manufacturing, glass cutting, panel furniture cutting , solid wood carving, advertising, laser cutting, waterjet cutting, to name but a few.
Thanks to stable and reliable software and hardware products, WEIHONG brand has successfully entered into many countries and regions around the world, and gained the trust and accomplishment of more and more international customers. At present, there are dozens of agents in India, Vietnam, Russia and other places.
From the reform and opening up to China International Import Expo, current trend provides a broader space and more opportunities for China's CNC development. WEIHONG Company will continuous to improve its products and services, seize the opportunity and try to obtain another leap forward.