Hardware industry resilience growth

In 2010, the hardware industry experienced a retaliatory rebound with the change of the big economic environment. Some hardware companies also saw some turning points and even had an unprecedentedly good situation. In 2008, Wendeng Power Tools Group Co., Ltd. sold in the domestic market. Only 10 million yuan, by 2009, this figure increased to 36 million yuan; and in the first half of 2010, the power tool to achieve domestic market sales of nearly 50 million yuan.

In August 2009, Wendeng Power Tools Group Co., Ltd. launched a brand new hand tool brand—“MAXPOWER—Maipo Tools”. According to Wen Weibing, sales manager of Wendeng Power Tools Group Co., Ltd., there are more than 30 Maxwell tool brands in the world. A country registered, is an industrial grade thing, has been sold abroad for many years, the taste of the current domestic market demand is getting higher and higher, Dengweili Tools Group Co., Ltd. pushes this brand to the domestic market, due to the quality of the tool of this brand Well, the price is not high, "MAXPOWER-Maipo Tools" will give the profit margin to consumers, the same grade, the same quality of the product is 20% lower than the competitors; so the introduction of the new tools will be welcomed by customers.

At the time of the financial crisis, companies did not dare to pick up goods. In 2010, there was a retaliatory rebound. The number of all products would be much, and orders for Wendeng Power Tools Group Co., Ltd. were all placed in September. Wendeng Power has ushered in a good momentum of development.