Yantai Dongxing Group Co., Ltd. has been forging ahead in the past more than fifty years.
In the late 1960s, the company was founded in the mountain of Panshi County, Jilin Province. In specialized production of cannonball fuse for minor-caliber antiaircraft artillery, it was a “third-tier” military enterprise directly subordinate to Ministry of Ordnance Industry. Its code name was “State-owned No.324 Factory”. In 1988, the factory was incorporated into Shougang Group in unified national plan. In 1993, the factory and more than 7000 staffs in spirit of self-dependence and arduous struggle relocated to Yantai development zone in extremely difficult situation.
At present, the group company covers area 800 thousand square meters in total. Its factories are located in Yantai development zone and Fushan District, Fanyu District of Guangzhou and Henan Yuxin. The subordinate 6 operational entities and 6 joint venture enterprises have more than 4000 staffs. The advanced management, top-ranking equipment, complete quality system and talent team with cohesive force and fighting capacity converge to push forward the upgrade, transformation and development of Dongxing Group. The company grows from an enterprise on verge of bankruptcy to be a large group in diversified development that gives first place to high-tech products.
The development of Dongxing Group attracts the attention and gets high evaluation from all sectors of society. It has been awarded with many titles, including National Top-100 Mechanical Enterprise, National Top-100 Electronic Enterprise, Shandong Excellent Enterprise of Reform and Opening-up for 30 Years, Shandong New and High-tech Enterprise, Shandong Contract-Observation and Promise-Keeping Enterprise, Yantai Backbone Star Enterprise and Yantai Development Zone Excellent Enterprise of Social Responsibility Fulfillment. Dongxing Group always insists on the cooperation with open vision, attaches importance to ability cultivation and construction, develops its particular enterprise culture, extends industrial chain of the enterprise and improves its comprehensive strength and core competitiveness. The company has established Dongxing brand in a few fields depending on the excellent quality of products, including vehicle air conditioner, high-performance NdFeB permanent magnet material, powder metallurgy parts of vehicle, engineering machinery parts, auxiliary equipment of metallurgy, stamping products, high-voltage and low-voltage electrical equipment etc. The company has had high-end clients including Caterpillar, GE, Toyota, Honda, Sony, Panasonic, Yaskawa, Behr, Valeo, Hyundai, Samsung, LG, Doosan Manufacturing, TUNYO, the First Automobile Group, Shanghai Automotive Industry Corporation, Guangzhou Automobile Group Co., Ltd., Beiqi Foton, Shougang Group, Bao Steel, Anshan Iron and Steel Group Corporation, Baogang Group etc.
Looking into the future, Dongxing people with full confidence are seizing opportunities, striving to reach higher target, creating brilliant achievements continuously and making positive contribution for social progress and people&rsquo's happiness.