China and Russia join hands to create a "global power tool manufacturing base"

On the afternoon of April 22, (INTERSKOL CROWN GROUP) company settled in Jinyu Development Zone.
At the opening ceremony of the new factory, government officials from Russia and China, 150 dealers from Russia and Ukraine, and representatives from Bosch, B&D, Hitachi and other industry companies watched the wonderful performance of Yongkang Jiushi.
Crown Investment Group is a group company focusing on the integration of power and tools. It has three manufacturing bases in Jinhua, Yongkang and Jinyu Development Zone. Last year, the Group's sales were 1.028 billion yuan. It is currently the largest power tool group company in Zhejiang. The two companies under its jurisdiction have entered the top 100 industrial enterprises in Jinhua. Since 2004, Crown Group has actively developed its own brand CROWN trademark with “urban encircling the city” and has become a well-known brand in the Middle East, Central Asia, South America, North Africa and Vietnam.
INTERSKOL Group is Russia's largest power tool group company, with its own complete manufacturing and sales system, the group has its own chain of sales network - MERIT-LINK company, last year tool sales reached 500 million US dollars. As a famous brand in Russia, INTERSKOL purchased 260 million RMB in Crown Group last year. It is the most important strategic customer of Crown Group. The Russian market is also the overseas market that Crown has successfully developed in the past 8 years.
Under the influence of the financial crisis, although the tool industry suffered heavy losses, Crown Group's own brand business still plans to grow by 50% this year, while actively exploring the domestic market. At the end of 2008, Crown and INTERSKOL began a new strategic cooperation. The two parties jointly created a joint venture ICG. By integrating the production and sales potential of both parties, the new alliance joint venture company will enter the top 10 of the world's largest power tool companies and promote it around the world. "Jinhua made" tool products.
Currently, factories within the ICG framework are producing power tools for dozens of countries under different brands, including OEM orders from world brands BLACK & DECKER BOSCH RYOBI CASALS SPARKY, and ICG's annual sales will reach six or seven million units next year. According to ICG's strategic plan, several other factories in Jinhua area will be transferred to ICG management before 2010, resulting in one of China's largest tool production bases with an annual production capacity of 10 million power tools, accounting for 5% of the world's total output. %.

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