For the past three years, China Weapons Industry Group Wuhan Heavy Machine Tool Group Co., Ltd. has grappled with continuous losses, but instead of retreating, the company proactively embraced the new normal. By firmly seizing the initiative for development and focusing on precise supply-side structural reforms, they have successfully restructured their layout and expanded their supply offerings. With innovative measures and decisive actions, the company transformed its losses into profits, experiencing a rebirth akin to the Phoenix Nirvana. Today, Wuhan Heavy Machine Tool Group stands as a testament to resilience and innovation, showcasing remarkable changes in both economic strength and public image.
Optimizing industrial layouts has been central to the company's transformation. By emphasizing the equal importance of machine tools and special machinery, Wuzhong Group diversified its industrial chains and value streams, addressing issues of a narrow industrial structure and low risk resistance. Focusing on market specialization and product differentiation, the company has fostered steady growth and development. Traditional industries were revitalized through high-speed, high-precision, and multi-axis machine tools, aligning with digital, networked, and intelligent trends. This approach has led to significant advancements in machine tool production, management, and marketing models. Targeting sectors like aerospace and shipbuilding, the company completed numerous projects, including gas turbine engine turning and milling centers, and established automated production lines. These efforts have not only solidified their position within the industry but also positioned them as leaders in intelligent transformation.
Innovative ventures have also fueled growth. Seizing opportunities from initiatives like the Belt and Road and urbanization, the company ventured into the special aircraft sector, securing entry into the shield machine market. With robust support from its parent group, Wuzhong established an industrial chain that includes technical collaboration, manufacturing, financial leasing, and maintenance, establishing a strong presence across cities like Wuhan, Chengdu, and Hangzhou. Their efforts have resulted in over 30 sold shield machines, marking a significant milestone in their strategic goals. Additionally, the establishment of specialized subsidiaries in remanufacturing, mining machinery, and railway equipment has spurred growth in emerging sectors. Within just three years, these efforts have driven a dramatic increase in revenue, with special-purpose machine business contributing more than 50% of total revenue in 2016. The company’s dual focus on machine tools and special machinery has become a hallmark of their industrial strategy.
The development of military products has also been pivotal, with Wuzhong Group securing contracts for critical equipment like rocket fuel tank welding machinery and low-temperature wind tunnel devices. These achievements underscore their capability in handling technically challenging military manufacturing tasks.
To extend effective supply and enhance competitiveness, Wuzhong Group has prioritized customer-centric strategies, ensuring product quality and variety meets evolving demands. Innovation has been at the forefront of their efforts, with significant investments in intelligent equipment and system solutions. Collaborations with global leaders like Germany’s Keegan and Herrenknecht, along with partnerships with universities such as Tsinghua and Huake, have propelled technological advancements. The company’s commitment to research and development is evident in its 12 national-level research projects and two national science and technology progress awards. Their breakthroughs include the domestically developed DL250 super-heavy CNC horizontal boring lathe, which resolved critical manufacturing challenges and broke foreign technical monopolies.
In addition to innovation, Wuzhong Group has pioneered new business models, expanding its supply capabilities. Initiatives like financing for shield machines and integrated boring services have seen leasing orders grow from 30 million yuan in 2016 to 170 million yuan in 2017. The development of a “machine tool cloud†platform offers intelligent services such as online monitoring and remote diagnostics, driving the transition towards service-oriented manufacturing.
Human resource optimization has also been crucial, with the “335 Talent Strengthening Strategy†ensuring the right talent is in place. By streamlining operations and enhancing productivity, the company achieved a fourfold increase in labor efficiency over three years.
Institutional reforms have further invigorated the company. By adopting market-driven mechanisms, Wuzhong Group has improved asset utilization and diversified its capital operations. The introduction of private mechanisms in new ventures has bolstered operational scale and quality, achieving significant revenue milestones.
Lean management practices have been instrumental in achieving sustainable growth. The company’s dedication to excellence has yielded impressive results, including completing six shield machines in under five months in 2015 and producing four 8.6-meter large shields in 2016, halving production cycles. Through relentless pursuit of craftsmanship, Wuzhong has transformed into a brand synonymous with quality and innovation.
Today, Wuhan Heavy Machine Tool Group stands as a beacon of transformation and success, proving that adversity can be a stepping stone to greatness.
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