Recently, an impressive milestone was achieved when Wendeng Power Tools Group Co., Ltd. became home to the very first state-level enterprise technology center in China's hardware and tools sector. This significant achievement was announced by a joint document from five key ministries and commissions—namely 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 the list of accredited state-level enterprise technology centers for 2012, marking a major breakthrough for Wendeng Power Tools.
The National Accredited Enterprise Technology Center represents the pinnacle of technological innovation platforms in China. Jointly awarded by these high-profile government bodies, it serves as a crucial platform for fostering corporate innovation. Companies receiving this accreditation gain access to benefits such as tax exemptions on scientific research supplies and support from the State Development and Reform Commission’s innovation capacity-building initiatives. During the recent Shenzhen Hi-tech Fair on November 16, a formal ceremony was held to honor recipients of this prestigious title.
Wendeng Power Tools Group currently stands as China’s leading manufacturer of hand tools and proudly holds the distinction of being the world’s largest producer of adjustable wrenches. Their core business spans the R&D, manufacturing, and marketing of hardware tools, industrial fans, and environmental protection equipment. Over the past few years, the company has significantly ramped up its focus on innovation. Building upon its existing provincial-level technology center, Wendeng successfully attained national-level status this year. This advancement has enabled them to take on 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 for diverse products and receiving 17 provincial and municipal science and technology awards.
In recent financial years, new product sales have consistently contributed over 30% of the company's total revenue. This year, their recognition as a “National Certified Enterprise Technology Center†by top ministries such as the National Development and Reform Commission and the Ministry of Science and Technology highlights their robust R&D capabilities. By leveraging their extensive technological and human resources, Wendeng Power Tools can now play a more active role in developing and disseminating industry-wide common technologies. Furthermore, they are well-positioned to enhance product upgrades, promote independent innovation, and build a solid foundation for future technological advancements.
This accomplishment not only underscores Wendeng Power Tools' leadership in the hardware tools industry but also strengthens its commitment to driving innovation within the sector. As they continue to push boundaries, the company remains dedicated to maintaining its status as a trailblazer in technological excellence.
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