On November 21, 2024, Qingdao Wivo Valves Co., Ltd celebrated its 20th anniversary with a grand ceremony. Over the past two decades, the company has grown from a small enterprise into a renowned valve manufacturer, both domestically and internationally. This celebration was not only a summary of past achievements but also a starting point to look forward to the future and continue to lead the industry. The event attracted guests from various sectors, employees, and partners who gathered to mark this significant milestone.
During the ceremony, each department presented their achievements over the past year, laying a solid foundation for the company's future development.
The representative from the international trade department highlighted the company's remarkable growth in international markets, especially in Southeast Asia, the Middle East, and Europe. Leveraging new marketing strategies, the company successfully established partnerships with several major international clients, achieving a 20% year-over-year increase in sales. In particular, the establishment of a dedicated service department for the Vietnamese market has strengthened local customer support.
Meanwhile, the domestic trade department focused on deepening the domestic market and maintaining strong customer relationships. By participating in numerous major industry exhibitions and conducting regional promotional activities, the company further enhanced its brand visibility and market share. This year, domestic sales grew by 15%, and several long-term cooperation agreements were signed with major domestic enterprises.
The factory production department underwent multiple technical upgrades over the past year, introducing the latest CNC machinery and automated production lines, significantly boosting production efficiency. The factory director reported that, through process optimization and enhanced employee training, the product defect rate was reduced to below 1%. Additionally, the factory strictly adheres to the ISO 9001 quality management system, ensuring that every batch of products meets international standards. This year, production capacity increased by 30%, strongly supporting the market expansion led by the sales department.
The procurement department provided a detailed account of how it has strengthened supply chain management and optimized sourcing channels, ensuring a stable supply of high-quality raw materials. Over the past year, the department introduced several new suppliers, broadening the channels for material procurement and effectively reducing costs by 10%. The department manager highlighted the strategic partnerships established with several raw material suppliers in Southeast Asia, ensuring price stability and supporting quality improvements.
The assembly department has made significant progress in technical innovation. By introducing new assembly techniques and automation technologies, assembly time has been reduced by 15%. The department manager noted that the new techniques have not only enhanced production efficiency but also minimized errors in manual operations, increasing the consistency and stability of the products. In addition, multiple internal technical training sessions were conducted, improving the skills of the staff and laying a solid foundation for future capacity expansion.
At the end of the celebration, the General Manager of the company expressed that Qingdao Wivo Valves Co., Ltd will continue to uphold the principle of “Quality First, Customer Foremost,” with a focus on increasing investment in research and development to enhance product technology and innovation. In the future, the company plans to further expand into international markets, strengthen cooperation with renowned global companies, and maintain its leading position in the domestic market. The company will also continue to promote green manufacturing and sustainable development, striving to become a global leader in valve solutions over the next 20 years.
Qingdao Wivo Valves Co., Ltd's 20th anniversary is not only a significant milestone but also marks a new beginning. The entire company is united, ready to continue its dedication to excellence in the valve industry, and committed to providing better and more efficient products and services to customers worldwide.
