Joint Venture Formed by ZWZ and THK Become More and More Strong

In the first two months of 2005, various economic norms of Dalian THK-Wazhou Industrial Co., Ltd kept on increasing. The sales and export increased by 53.2% and 38.3% respectively from the same period in 2004. Dalian THK-Wazhou Industrial Co., Ltd(DTWIC) was formed by ZWZ Group and THK(Japan). Since the joint venture founded 8 years ago, the company has grown stronger and stronger. The output of roller screw has increased from 10 thousand sets per year at the beginning to nowaday's 70 thousand sets per year. And the growth rate increased year after year. In 2004, sales of DTWIC up 53% from 2003, export sales up 55%, operating margin up 28%, all of which due to the mutual effort of all the staffs. Now their products has reached international standard, can be mounted on various of machine tools and become popular around the world. In 2004, to meet the daily increasing orders, DTWIC invested more to introduce the cold rolled screw product line. Meanwhile, they paid more attention to open domestic market and kept on expanding export sales. In China, DTWIC has established long-term relationships with some key machine tools manufacturers, the coverage rate of their products has reached 83% in China. During the production of DTWIC, they set value creation, energy and material conservation and providing high performance/price ratio products as their principles.