Company News

Good start! Sales in the first quarter of 2021 increased 160

The year 2020 will be a huge challenge for all industries. Affected by the COVID-19 epidemic in 2020, the market size of the foundry industry has decreased.Due to the necessary and effective measures taken by the Chinese government, the market size of China's foundry industry is expected to rebound in 2021, which is expected to reach 51.3 million tons.After the overall recovery of the industry, the outbreak of the epidemic once again led the industry into a new round of adjustment period, all of which tested the adaptability of enterprises.
In the face of the epidemic, we should not only focus on the present but also focus on the future. With advanced technology and modern machinery and equipment, the level of the epidemic is gradually improving.Enterprises with advanced technology and modern machinery and equipment will gradually eliminate backward technology and equipment enterprises, through multiple rounds of survival of the fittest, and eventually bring the improvement of the technology and equipment level of the entire industry.
In the past year, Shanghai Xinyan kept up with the development trend of the foundry industry, and in the first quarter of 2021 after the outbreak resumed, it set a historical record -- the sales in the first quarter of 2021 increased by 160% year-on-year!Under the premise of ensuring a good market order, we have accomplished the sales target in the first quarter of this year ahead of schedule.This good news greatly boosted the confidence, the new research institute will continue to adhere to the quality-oriented, leading technology, customer first, excellence policy, to help the foundry industry a new spring.