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Luoyang Yituo Metal Structure Co., Ltd.
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Luoyang Yituo Dongfang Industry Co., Ltd, whose predecessor is Labor Service Company under YTO Group Corporation as one of China s 500 strong corporations, was established in 1981. Over twenty years rolling development has made it a comprehensive and diversification enterprise integrating metal structure, petroleum engineering machinery, gear machining, mechanical manufacturing as well as tractor, automobile, engineering machinery s components and assembly. With great contributions, the company, in the past 20 years, has been the provincial and municipal pillar in offering job opportunities. As the enterprise honoring contracts and keeping promise of Henan Province, it has successively won the honors of Advanced Unit , Top 100 Enterprises in Industry and Small Giants given by Henan Province, Ministry of Mechanical & Electrical Industry and State Administration For Industry & Commerce. In 2004, it was selected as one of the ten best employment-type companies of China s mechanical and electrical trade.I. Management Structure of the Company In 2004, our company led the way in accomplishing the reform of property right in the provincial and municipal same industry. Twenty-four natural persons including Wang Debo purchased the company s shares and, in compliance with the requirements of the modern enterprise system, they established normative corporate governance. As a result, it has become a modern private enterprise with clearly established property right ownership, well defined rights and responsibilities, separation of enterprises from government and scientific management, adoptable to market economy development. The company boasts of around 1,000 employees and consists of 6 wholly-owned and holding enterprises. Its product scope includes structural components, petroleum machinery and component fabrication.2. Dominant Product of the Company Based on YTO parts and components, our company made its efforts to develop mental structure, petroleum engineering machinery as well as farming and animal husbandry machines and tools. Energetic efforts were exerted to propel high and new technology and tertiary industry. These made industrial and product structure optimized constantly, characterized by diversification, standardization and serialization. Our company s dominant products include: large scale steel structures comprising all constructional steel structures, diverse water conservancy and bridge steel structures, petroleum drilling steel structures and various non-standard steel structures; parts and components of tractors which involves cab, frame,structural components, fuel pump nozzle, gear, gear pump, muffler and constant fluid pump; petroleum engineering machinery(including automatic power station, bailing machines, pipelayer, suspended welding machines and pipe aligning device).3.Development Prospect of the Company Our company has been concentrating on inner management and external market exploitation, making economic operational quality and performance steadily improved. Its sales revenue has been around RMB 200,000,000 in consecutive years, exceeding RMB 230,000,000 in 2008. On the premise of increasing employees income, our company has exerted great efforts to make contributions to society. In the past four years, it has paid profit and tax of approximately RMB ten million annually, ranking with Luoyang 30 strong industrial undertakings. In 2005, our company ranked fifth in the provincial agricultural machinery industry.Our company has paid close attention to enlarging production scale and constantly enhancing enterprises competitive capacity in the market. Holding State Import & Export License and registered as Orient Star trademark, it obtained ISO 9000 certificate and passed annual review. The products are sold in Holland, Italy, Canada, Russia and many other countries.
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