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Fujian Wideplus Precision Instruments Co. Ltd

Fujian Wideplus is a large, Hong Kong owned company established in 1991 to produce quartz analog timepieces, including watch and clock movements. Total sales for all of its products amounted to US$20 million last year.

Fujian Wideplus started increasing its watch output in 2003, the same year it started assembling watch movements. Last year, the ISO9001:2000-certified company sold US$4million worth of watches, all of which were exported.

Export sales grew 200 percent in2004, with Europe and the US as main markets. OEM work takes up 100 percent of export business.

Products
Quartz movements are the company's main product, which accounted for about 80 percent of its total sales in2004. Because of its focus on movements, Fujian Wideplus offers mostly quartz analog watches although analog-digital models are also available. The company does not make mechanical watches.

Classic models account for the majority of watch output. Because the company makes movements in-house, Fujian Wideplus can offer watches priced as much as 30 percent lower than those available from other makers in the province.

Fujian Wideplus only offers low end watches. Apart from quartz analog movements, all components such as straps and cases are outsourced.

Even with the focus on low end, the company invests heavily in R&D, spending as much as US$3 million annually. This, however, is used mainly to develop or improve movements.

Its 15-member R&D team can produce watch samples in 10 to 35 days. To strengthen its R&D capability further, Fujian Wideplushas hired two designers and plans to add more highly skilled staff to this department within the year.

Alloy, stainless steel and plastic are the preferred materials for cases while PVC and PU are used for straps. Watches are packed in cartons, bubblebags and metal boxes.

Manufacturing
Fujian Wideplus operates a 30,000sqmfactory run by more than 1,200workers. The factory has six watch assembly lines on the fourth floor, each with around 600 workers.

Main production processes are plastic injection and molding, watch assembly, quality control and packing. Most of the processes are done by hand with the exception of plastic injection and molding.

Fujian Wideplus follows a strict quality control system and uses timing machines imported from Germany and Japan to check whether products pass the company's standard rate of ~+mn~ 1 second. The company's 35-memberQC team inspects the watches following AQL 1.0 and 1.5. Its defectrate is one watch per batch of 100.

With the rapid growth in its watch sales and exports, the company will be increasing its capacity by 20 to 50percent in the next 12 months. It will be upgrading its existing facilities to make room for additional equipment and will purchase a new 20,000sqmproperty to boost capacity further.

And more... To see the full Fujian Wideplus Precision Instruments Co. Ltd profile and 14 other in-depth profiles order now.

 
Supplier Profile  
Company facts  
Year established 1991
Head office location Fuzhou (Fujian)
Business type Manufacturer
direct exporter
Ownership Hong Kong owned/invested
Factory location(s) Fuzhou (Fujian)
Total factory area 30,000sqm
Full-time employees 1,200
Total annual sales (all products) US$20.0mn
Annual R&D spending US$3.00mn
R&D % of sales 15.0%
ISO certified

 

Yes
Sales & output: Watches  
Annual sales US$4.0mn
Share of total sales 20%
Annual export sales US$4.0mn
Total monthly capacity 300,000 pieces
Average monthly output 300,000 pieces
Capacity utilized 100%
Average monthly exports 300,000 pieces
Export ratio 100%
OEM/ODM % of exports 100%
 
 
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China is the world's largest export manufacturer of watches, producing almost the entire global output of low-end watches. The country exported over 950 million watches in 2004.

However, intense competition and saturation of the market with look-alike products is now slowing growth, prompting makers to increase production of upscale watches.

This detailed report helps you profit from this supply-market shift, with profiles of top manufacturers in mainland China and Hong Kong that best meet your needs.

Plus you'll get a comprehensive overview of industry trends, new product developments, and other key issues that will impact your sourcing decisions over the next 24 months or longer.



  Suppliers: 67 Products: 182 Pages: 118 Published: Sep 05 Price: US$395

 

All information contained in China Sourcing Reports is the result of original, independent and impartial research conducted by Global Sources analysts.    Apparel Search is working in association with Global Sources to help promote this sourcing report to the international fashion community.  If you have questions about the report or status of your orders, please e-mail Xue Mei for further assistance.

The Watches Sourcing report from China has been developed and maintained by Global Sources.  Apparel Search is working in association with Global Sources to help promote this sourcing report to the international fashion community.

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