| | Zhenjiang Fengmang Grinding Tools Co., Ltd. was wholly invested by Usaha Marina Company from Indonesia in Aug.1995. The registered capital of the company is USD 2,300,000. The management of the company consists of General Manager Office, Marketing Department, Financial Department, Production Department, Quality Control & Assurance Department and Research & Development Department. There are 265 employees including two Korean senior experts, three senior engineers, twelve engineers and fifteen technicians. The workers have passed the operation skills training and examination and have at least a five-year working experience.
Our company covers an area of 261,000 square meters, with a construction area of 12,000 square meters and a green area of 6,000 squre meters. The company has a net fixed assets of USD2,100,000. Now there are four automatic abrasive paper production lines, five automatic abrasive cloth production lines, one laboratory and one test office. Our FM11-89 series of abrasive paper and cloth fall into 4,855 kinds. The total export (conducted by ourselves or agents) adds up to USD16,500,000 during the past eight years, which occupies 60% of total output. Particularly in 2002, our export reached USD6,100,000 and our total output USD10,500,000. We have 32 main business customers including Black&Decker from U.S.A. Our main trade areas are Southeast Asia, North America, Middle East, East and West Europe, Southwest Africa and South America. Our company is superior to our counterparts in that our price is preferential and our trade practice is flexible.
Our company persists in carrying out the quality policy of "Client and quality first, continuous improvement and steady development" in order to attain the quality target of "98% of acceptance rate, 100% of handling clients' complaints rate and 98% of client satisfactory rate". The company is ISO9001 certified. We have got Product Test Acceptance Certificate issued by China Abrasive & Grinding Apparatus Quality Supervising & Testing Center, Process Test Certificate issued by China Quality Test & Quarantine Organization, and Credit Grading Certificate of Class AAA issued by Financial Institution of China. Our company was one of the "Thirty Strongest Enterprises" in Yangzhong in 2002.
At present, our company is being faced with an opportunity for quick development. We have decided to make our company one of the five most important producers of abrasive paper & cloth in China in 2003. Mr. Wang Rongsheng, General Manager, looks forwards to cooperating with all friends at home and abroad for mutual development.
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