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Factory of Ningbo Ruyi

(chinadaily.com.cn)
Updated: 2006-07-06 16:10

The largest manual and electric pallet truck maker of the country, Ningbo Ruyi Joint Stock Co Ltd, has been supplying the world market for the past twenty years with latest annual sales of 400 million yuan (US$50 million) in China and US$45 million from America, Europe and Southeast Asia. However, its profit margin has been stripped off little by little through trade barriers imposed by foreign governments. For instance, on the cheapest manual truck, brings back a mere 50-yuan profit on each set sold overseas. Realizing the problem, the company is now devoted to research and development on top class products with most advanced technologies, hoping to get a larger slice of profit from the global market.

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