Tech companies record rapid growth for brighter prospects

(chinadaily.com.cn) Updated: 2018-09-20

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Wechai Power, which is based at Weifang Hi-tech Industrial Development Zone, is famous as a leading Chinese manufacturer of engines for heavy-duty trucks and construction machinery. [Photo provided to China Daily]

Shandong BeBright Semicon-Tech in the Weifang Hi-tech Industrial Development Zone is a high-tech company specializing in the development, production and sales of light-emitting diodes, or LEDs.

In recent years, the company reported rapid growth because of its strong research and development capacity and quality control. However, the company still faces major pressure because the market has become more competitive.

"We only have testing and design departments. Packaging was outsourced, which caused many problems such as delayed feedback and longer production periods," said Zhang Chengqiang, a deputy department head from BeBright.

To better adapt to changing market conditions, BeBright has invested 30 million yuan ($4.38 million) to launch a packaging project. It built the top workshops and purchased the advanced production equipment to build a complete industrial chain, according to the company.

During the upgrading process, the zone government provided BeBright with strong support.

"The approval process was completed in a week with support from the zone government," Zhang said.

Before that, it was usual to take 10 to 15 days to finish the process.

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