Wuyi Power Tools Industry Development Report

Abstract In recent years, Wuyi has focused on building an advanced manufacturing base and actively developing advantageous industries. The power tool industry has gradually become a characteristic industry of the county. In the "China County Economic Development Report (2015)" recently released by the Chinese Academy of Social Sciences, Wuyi was selected as a national county economic competitiveness...
In recent years, Wuyi has focused on building an advanced manufacturing base and actively developing advantageous industries. The power tool industry has gradually become a characteristic industry of the county. In the "China County Economic Development Report (2015)" recently released by the Chinese Academy of Social Sciences, Wuyi was selected as the county's county economic competitiveness and the most potential development of the top 100 counties, ranking 42nd and 50th respectively, and the economic development is full of stamina. . At present, Wuyi has 528 complete sets of power tool production and supporting processing enterprises, 82 enterprises above designated size, including 14 export enterprises with an annual output value exceeding 100 million yuan, and 11 enterprises with annual export volume (customs) of more than 10 million US dollars. The number of employed people is 56,000. In Wuyi County with a population of 340,000, the total output value of electric tools reached 9.08 billion yuan, and the export delivery value was 4.96 billion yuan, accounting for about 15% of the country's exports of similar products. The output and output of electric hammer have been in place since 2001. Ranked first in the country, accounting for more than 70% of national production and exports. In 2008, Wuyi County was awarded the title of “China Power Tools Manufacturing Base” by China Electrical Equipment Industry Association; in 2012, it was recognized as “Zhejiang Power Tools Export Base” by the Provincial Department of Commerce.

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