"In the future we will continue to increase investment in the Chinese market, and continue to do a good job of localization, develop more products for the Chinese market." Yesterday in Stanley (002,588, stock it) Black & Decker professional power tools listed on the conference, Chen Hongze, the company’s global vice president, announced that it will introduce professional electric tools to the Chinese market. Previously, the company's factory in Suzhou reached an annual output value of 1 billion US dollars, but these Chinese-made hardware tools are all sold to Europe and the United States. Today, the company began to focus on the Chinese market, but they are also very strong competitors in China, in addition to Bosch, the world of hardware giants such a world, as well as Jiangsu Hongbao (002,071, stock it), Star Technology (002,444, stock it) This kind of local company.

According to Chen Hongze, at present, more than 90% of the production capacity of the hardware tools market is for export. Due to the poor international economic environment, many export companies have begun to seek change, some have developed new businesses, and others have begun to switch to domestic sales. In the future, the hardware tool market may enter. At a stage of full competition, industry consolidation and survival of the fittest are inevitable. At present, A-share market Jiangsu Hongbao and Superstar Technology are leading players in the industry.