Recently, under the guidance of the Zhejiang Provincial Department of Commerce, the Zhejiang Overseas Investment Enterprise Association and the Zhejiang Zhijiang Institute of Multinational Corporations jointly released the "Top 50 Local Private Multinational Companies in Zhejiang in 2021". Hangzhou Juxing Technology Co., Ltd. was successfully selected, ranking ninth.
In recent years, the company has further adjusted its manufacturing divisions around the world and accelerated the pace of investment in the manufacturing base of GreatStar in Southeast Asia. In 2020, the company has formed a production capacity layout in Vietnam and Cambodia in Southeast Asia, and the Thailand manufacturing base is about to be put into operation, which effectively ensures that the company will take advantage of China's manufacturing clusters, and the advantages of manufacturing costs in Southeast Asia in the competition with other international competitors. The advantages of local channel services in the European and American markets create stronger core competitiveness. At the same time, the company spent 41.86 million US dollars to acquire Shop-Vac, the first brand of industrial vacuum cleaners in North America, to fully enter the power tool market, improve the company's own brand system, further enhance the international competitiveness of the company's products, and effectively improve the company's gross profit margin and business. Stability provides a guarantee for the long-term and healthy development of the company.
In the future, the company will continue to implement the overall development strategy of "focusing on main business, based in China, global layout, and long-term planning", focusing on tools as the main business of core products, and building a century-old international enterprise with high-quality development.
