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Prospects for development

Prospects for development

There are huge business opportunities in the global insulating material market. Take China as an example, the production value of insulating materials rose sharply to 11.9 billion yuan in 2007, an increase of 72.0% compared with that in 2006. With the continuous improvement of China's economy and the increasing number of precision electrical appliances produced in China, the consumption of insulating materials has increased, which is an important factor driving the rapid growth of China's insulating materials market. South China is a famous production base of various types of electrical appliances. With the increasing demand for household appliances in the mainland, the domestic demand for household appliances in China increased from 473.6 billion yuan in 2003 to 866.5 billion yuan in 2007, with a compound annual growth rate of 16.3%. As for the overseas market, the total value of Chinese made household appliances and kitchenware imported to the United States grew strongly, with the import value increasing from US $4.6 billion in 2003 to US $9 billion in 2007, with a compound annual growth rate of 17.8%.

In addition, in China, the total market value of silicone components used in cables was less than 50 million yuan in 1998, but by 2007, the relevant amount had increased to 1.3 billion yuan, with an average annual growth rate of about 40%. By 2010, the annual output value of silicone insulation materials in China is expected to reach 1.94 billion yuan. It can be seen that silicone insulating material is the latest generation of insulating material used in high-voltage power transmission equipment, and its application scope in main high-temperature parts and components such as wires, signal cables and protectors will be greatly increased.

At the same time, the demand for glass fiber insulation materials mainly used for household appliances rather than large precision power devices is stable. The annual growth rate from 2008 to 2010 is expected to maintain at 12% to 16%, and the annual output value will reach 7.3 billion yuan by 2010. Many factors will benefit the development of insulating material market.

As the leader of glass fiber and silica gel insulation materials, Wahchangwei has accumulated the most advanced production technology, the latest production equipment, high-quality management personnel and the largest industrial base in the industry. Wahchangwei has gone through various tests in the market. Wahchangwei has always adhered to the people-oriented talent policy. The company tries to make the best use of its talents. Since its establishment in 2002, Wahchangwei has accumulated a lot of employees with theoretical basis and practical experience in a short period of ten years. With concerted efforts, Wahchangwei has developed to a company with three production bases and an annual output value of over 100 million.