By convention, January 15th is the day of each year to make annual report at Tianjin Ruiyuan Electrical Wire Co., Ltd. Annual meeting of 2022 was still held as scheduled on January 15, 2023, and Mr. BLANC YUAN, general manager of Ruiyuan, presided over the meeting.
All data on the reports at the meeting comes from the year-end statistics of the company’s financial department.
Statistics: We traded with 41 countries outside China. Export sales in Europe and the United States account for more than 85% among which Germany, Poland, Turkey, Switzerland, and the United Kingdom contributed over 60%;
The proportion of silk covered litz wire, basic Litz wire and taped litz wire is the highest among all exported products and all of them are our advantaged products. Our advantage comes from our strict quality control and efficient follow-up services. In the year of 2023, we will continue to increase investment on the above products.
Guitar pickup wire , another competitive products at Ruiyuan, has been continuously recognized by more European customers. One British customers made purchases of more than 200kg at one time. We will strive to improve our services and provide better services to customers in pickup wires. Solderable polyesterimide enameled wire (SEIW) with a super fine diameter of 0.025mm, one of our new products was also developed. Not only can this wire be soldered directly, but also it has better characteristics in breakdown voltage and adhesion than ordinary polyurethane(UEW) wire. This newly developed product is expected to be occupy more proportion in market.
The growth of more than 40% for five consecutive years comes from our accurate projection on market and our keen insight into new products. We will make use of all our advantages and reduce disadvantages. Although current international market environment is not ideal, we are in the progress of growth and we are full of confidence about our future. Hope that we can make more new progress in 2023!
Post time: Feb-01-2023