Pengchin Industry (HK) Co., Ltd. lays out global market, accelerates overseas business expansion

Recently, Pengchin Industry (HK) Co., Ltd. (Pengchen Industrial (Hong Kong) Co., Ltd.), a well-known precision manufacturing and industrial parts solution provider in Hong Kong, officially announced the launch of the global strategic upgrade plan, marking its transformation from a regional Supplier has taken a key step towards an international industrial service partner. The company has completed the first batch of localized service outlets in Southeast Asia, the Middle East and Eastern Europe, and signed long-term technical cooperation agreements with 12 core customers in Germany, Vietnam, the United Arab Emirates and other places, covering precision processing of auto parts, customized component supply of intelligent equipment and industrial automation system integration services.

According to the company's official website and the South China Morning Post in July 2024, the compound growth rate of overseas revenue of Pengchin Industry in the past three years reached 38.6 percent, and export orders in the first half of 2024 increased 52% year-on-year. Among them, new energy vehicle supporting structural parts, high-precision CNC processing parts and corrosion-resistant industrial fastening systems have become the main growth categories. The company's intelligent production base in Dongguan has completed the second phase of expansion, the new AI visual quality inspection line and ISO 13485 medical-grade clean workshop, can simultaneously meet the automotive, medical equipment and high-end equipment three areas of strict delivery standards.

In order to strengthen its global response capability, Pengchin Industry has set up an Asia-Pacific regional logistics center in Singapore, an Eastern European technical service center in Warsaw, Poland, and launched a multilingual customer support platform (supporting English, Arabic, German and Vietnamese) to achieve 24-hour technical consultation response and 72-hour cross-border direct delivery of samples. Mr. Kelvin Wong, chief operating officer of the company, said: "We not only export products, but also export the reliability and flexible delivery capability of China's intelligent manufacturing. In the next three years, the goal is to increase the proportion of overseas business to 65% of total revenue, and establish joint laboratories in key markets to promote localized collaborative research and development. '

worth noting that Pengchin Industry continued to increase R & D investment. In 2023, R & D expenses accounted for 9.2 percent of revenue, and 37 invention patents and utility model patents have been obtained, of which 6 involve lightweight alloy structure optimization and micron surface treatment technology. Related technologies have been applied to BYD, Bosch (Bosch) and Siemens energy supply chain systems. The company has also passed SGS-certified carbon footprint verification and promised to use 100 percent of green electricity in its core production lines by 2026, demonstrating its commitment to sustainable development.

With the deepening implementation of RCEP and the 'Belt and Road' infrastructure cooperation continues to heat up, Pengchin Industry is reconstructing the global industrial supporting ecology in a three-dimensional model of 'technology + services + localization. Its solid financial performance, vertically integrated supply chain capabilities and rapid iterative engineering service capabilities are winning the strategic trust of a growing number of international head manufacturers. Industry analysts pointed out that this invisible champion company rooted in the Guangdong-Hong Kong-Macao Greater Bay Area is becoming a new benchmark for China's high-end manufacturing to go overseas.