Molybdenum News Center

Molybdenum industry makes survive under the financial crisis

“Financial crisis came, my feet do not know where to take a step up, "this is the chairman, Wang Shuping from Siping City, Northern Westchester Molybdenum Industry Co., Ltd. describe the tangible feelings when the moment enterprises’ export zero order.

At the end of 2008, the company loss about 2.1 million yuan, it is undoubtedly suffered the most fatal blow for this just set up four years’ company. Due to the spraying molybdenum wire, molybdenum electrodes products are mainly exported to Europe, which makes the enterprise becomes difficult when the arrival of the financial crisis.

The loss-making enterprises so the workers lack confidence. Face the same industry have suffered the same blow, Wang Shuping acted decisively, the enterprise inventory below cost sales, which made her a loss of more than 400 million yuan.

In the most severe financial turmoil at the first half of this year, Wang Shuping want most is to take advantage of this opportunity to do some equipment maintenance. Many workers, however, at this time lost confidence entirely and indicated a wish to leave.

Wang Shuping said many of her corporate re-employment of laid-off workers, their life is inherently difficult, , she is unwilling their workers leaye at this time: "no worker can go!" Wang Shuping decided to round out their savings 200 yuan floating wages rose to give workers a month at the most difficult time. More than 200 workers were moved by Wang Shuping ‘s righteous cause.

The corporate cohesion enhanced. Wang Shuping focus the sights on the technological transformation of the equipment, the workers also make plans for her through several technical innovations, and save a lot of money for the enterprise. "Although the products are still not sold abroad, but in the country has maintained good sales momentum." Wang Shupin gradually receded as the financial turmoil, her business is expected to be able to bail out in December, 2009.

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