Recently, a significant milestone was achieved as Wendeng Power Tools Group Co., Ltd. was officially designated as the first-ever national-level enterprise technology center in China’s hardware and tools sector. This prestigious recognition came following a joint decision by five key national authorities: the National Development and Reform Commission, the Ministry of Science and Technology, the Ministry of Finance, the General Administration of Customs, and the State Administration of Taxation. These organizations released an official list naming the newly accredited centers, highlighting Wendeng Power's commitment to technological advancement.
The National Accredited Enterprise Technology Center represents the highest echelon of technological innovation platforms within China. It serves as a critical hub for fostering corporate innovation and enhancing R&D capabilities. As part of this initiative, companies like Wendeng Power can benefit from various incentives, such as exemptions on import taxes for scientific equipment and support from the State Development and Reform Commission's innovation fund. The award ceremony took place on November 16 during the Shenzhen High-Tech Fair, where representatives from the five ministries gathered to celebrate this achievement.
Wendeng Power Tools Group holds the distinction of being China’s largest manufacturer of hand tools and the global leader in adjustable wrench production. The company specializes in developing, manufacturing, and marketing hardware tools, industrial fans, and environmental protection equipment. Over the past few years, Wendeng Power has consistently prioritized innovation, leveraging its provincial-level technology center as a foundation. This year, they successfully elevated their status to a national-level center, further solidifying their position as a trailblazer in the industry.
Their efforts have resulted in the completion of over 20 research projects at the national, provincial, and ministerial levels. They’ve also played a pivotal role in drafting 13 national and industrial standards while securing 15 patents across multiple product categories and receiving 17 provincial and municipal science and technology awards. Notably, new product sales now account for more than 30% of the company’s total revenue annually.
This certification underscores Wendeng Power’s robust R&D capabilities, which encompass advanced technological expertise and a highly skilled workforce. As a national-level enterprise technology center, Wendeng Power is poised to drive industry-wide technological collaboration, accelerate product upgrades, and bolster independent innovation. Moving forward, these advancements will undoubtedly strengthen their competitive edge and contribute to long-term growth within the global hardware tools market.
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