In the face of the global financial crisis, the heavy truck market experienced a downturn, with overall weakness evident across the industry. Despite these challenging conditions, Shaanxi Fast Group managed to achieve strong and steady growth in 2008. The company reported total annual sales revenue of 6.592 billion yuan, with 467,500 units of heavy-duty transmissions produced and sold. This marked a significant increase of 9.08% and 8.68%, respectively, compared to the previous year. These results not only set new records for key performance indicators but also reinforced the company's leading position within the industry.
From the second half of 2008, the Fast Group successfully navigated the sharp declines in both domestic and international markets. In response to the crisis, the company actively adapted and met challenges head-on. The introduction of multi-speed and high-speed transmission products effectively addressed the evolving needs of the domestic heavy truck market. Products such as 12-speed and 16-speed transmissions quickly gained market traction, securing a competitive edge. The company also launched the 10-speed series, which was well-received by customers. These multi-speed transmissions earned the trust of original equipment manufacturers (OEMs) and end-users due to their optimized configurations and cost-effectiveness, resulting in over 50,000 units sold annually for 12-speed and 16-speed models.
In response to changing market dynamics, Fast Group leveraged the time gap created by market adjustments, transforming pressure into motivation and turning challenges into opportunities. The company carried out comprehensive improvements in operations and management, laying a solid foundation for future growth. At the same time, the pace of technological innovation and product restructuring accelerated. Significant progress was made in new product development, including mass production of small 8-speed transmissions. The 6DS series achieved major breakthroughs, and successful lightweight testing was completed. Research and development of new synchronizers yielded impressive results, while the 10-speed transmission was fully developed and equipped with an innovative plate-type shifter. Additionally, the company made notable progress in other sectors such as buses, light trucks, and construction machinery. New product sales grew substantially, rising from 17.66% in 2001 to 65.35% in 2008.
For more information: Fast: Heavy-duty transmission production and sales worldwide.
Galvanized Steel Coil
Galvanized steel coil is a material produced by continuous hot-dip galvanizing process with hot-rolled steel strip or cold-rolled steel strip as the substrate. Hot dip galvanized coil supplied in coil form after coiling. Therefore, galvanized steel sheet (coil) can be divided into hot-rolled galvanized sheet coil and cold-rolled hot-dip galvanized sheet coil. They are mainly used in the fields of construction, household appliances, automobiles, containers, transportation and household industry. Especially in steel structure construction, automobile manufacturing, steel warehouse manufacturing and other industries. Their main characteristics are: strong corrosion resistance, good surface quality, benefit from deep processing, economy and practicality, etc.
Galvanized Pipe,Galvanized Steel Pipes,Diameter Galvanized Tube
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