Jiangsu Taifu Welding Technology Co Ltd, located in the Taixing Huangqiao Economic Development Zone in Taixing city, East China's Jiangsu province, is ramping up efforts to boost production as it now has orders scheduled until the end of this year.
The company's automated welding wire production lines have been running at high speed recently. Established in 2021, the firm specializes in the production and sales of welding wire.
An exterior view of Jiangsu Taifu Welding Technology Co Ltd. [Photo/WeChat account: txfabu]
Thanks to the diverse range and high performance of its products, the company has quickly gained an initiative in the market, showing explosive growth in production and sales. It is expected to achieve a year-on-year doubling of invoiced sales this year.
"The increasing sales this year can be credited to our efforts in research and development, and the company's output value is expected to hit 300 million yuan ($41.73 million)," said Wang Chunyan, general manager of the company.
From January to May, Taixing's industrial output value of industries above designated size reached 80.34 billion yuan, an increase of 2.3 percent year-on-year. From these figures, the same index in May alone increased by a remarkable 12.3 percent.