Longwan valve industry average annual increase of 30%

With the ever-increasing brand promotion efforts of the Longwan “China Valve City” regional brand, Wenzhou’s two major pump and valve bases have gained unprecedented reputation at home and abroad. In the past three years, the Longwan valve industry has grown at an average annual rate of 30%.

As of the end of 2010, there were more than 5,000 companies involved in the machinery industry in the region, employing as many as 120,000 employees and setting up more than 5,500 distribution offices nationwide. There are two enterprises with output value over one billion yuan in the machinery industry, four national high-tech enterprises, and three well-known trademarks in China. It has obtained four national gold cards such as "China Valve City", "China Stainless Steel Seamless Pipe Production Base", "China's Hardware Sanitary Ware Capital" and "China Food and Drug Machinery Industry Base". Longwan District, the machinery industry in 2009 private survey shows that the actual output value has reached more than 400 billion yuan. It can be seen that the machinery industry in the region has unique development potentials and leading positions, and it has become increasingly prominent for the region’s industrial economic growth. In particular, under the international financial crisis, turning the crisis into a machine has maintained a positive economic growth.

Longwan District machinery industry after 40 years of development, has a valve, stainless steel, food and drink machinery manufacturing, hardware and sanitary ware, fasteners and other five pillar industries. Among them, the valve products have been expanded to 2000 categories, with more than 30,000 specifications, and the domestic market share has reached more than 25%. It has become an important support for the construction of an advanced manufacturing base in Longwan District, forming a set of research, development, sales, and testing. One industry group.