With the development of water conservancy and agricultural industrialization, the new territories pump industry. the leading agricultural pump industry in China, is expected to continue to grow rapidly. Relevant sources said yesterday that the construction project of 1 million agricultural water pumps with annual output raised by the company has started trial production recently, and there will be broad development space for agricultural water pumps in the future.
Agricultural pumps in the New Territories pump industry mainly include small submersible pumps． well submersible pumps, sewage submersible pumps, Self-priming pumps and other products. From the application field, small submersible pumps are mainly used for farmland water conservancy.
At the end of 2010, the New Territories Pump Industry, which is listed on the market, plans to use the raised fund of 158 million yuan to invest in the construction project of 1 million agricultural water pumps annually, with a construction cycle of 12 months. Relevant sources revealed that the construction project of agricultural water pumps with an annual output of 1 million units has been basically completed and is currently in the stage of relocation and trial production. The company said that the fund-raising project is the booster of the company's future profitability.
Zhejiang Bohua is a holding subsidiary company that the company just acquired in October this year. Industry insiders said that the New Territories pump industry will use this as a platform to enter the field of sewage treatment projects. According to the company's announcement, the merger and acquisition of Zhejiang Bohua can bring new profit growth points for the New Territories pump industry in the field of environmental protection engineering, waste water and waste gas environmental protection treatment, and open up a certain space for the development of the company's environmental protection pump products, and play a positive role in the company's development and growth.
During the 12th Five-Year Plan period, 40 million mu of effective irrigated farmland will be added. Industry insiders said that in the future, the construction of farmland water conservancy in China will focus on the transformation of pumping stations and water-saving transformation, and it is expected that small submersible pump manufacturers will benefit.
In addition, the subsidy policy for agricultural machinery started in 2004 and covered all districts and counties in the country by 2008. Since 2009, farmland infrastructure machinery such as pumps has been included in the subsidy scope. The New Territories Pump Industry is the most famous agricultural pump enterprise in the list of domestic agricultural machinery subsidies. According to the data, 61 specifications and models of the company have entered the "Catalogue of Agricultural Machinery Products Supported and Promoted by the State in 2012-2014".
Agricultural pumps have a low entry threshold, and the competition in the industry is fierce. However, the sales of agricultural pumps in the New Territories industry rank first in the country for many years. As for the core competitiveness of the company, the company's competitiveness mainly includes: first, the advantages of marketing network, the company has 15 regional distribution centers in major provinces and municipalities, about 1100 first-class distributors and about 3500 second-class distributors. Second, the brand advantage, the New Territories is a well-known trademark in China, the New Territories pumps in the domestic 100% use independent brands, more than 90% use independent brands abroad; Third, the technical advantage, the company has hosted or participated in the formulation of more than 20 national/industry standards, a total of more than 50 national patents.
Leo shares are also involved in the production of agricultural water pumps as well as in the New Territories pump industry. The company is currently the largest manufacturer of small pumps in China. However, unlike the New Territories pump industry, Leo shares are mainly exported, and in recent years it has gradually opened up the domestic market.
In order to further expand the domestic market and increase the sales of agricultural pumps and household pumps, Leo announced on September 1 this year that it would invest in the establishment of Shanghai Lipu Fluid Technology Development Co., Ltd. (hereinafter referred to as Shanghai Lipu). The company said that Shanghai Lipu will use the mode of chain operation to sell pump products and open up new domestic sales channels, so as to promote the sales of pump products, increase domestic market sales and increase new profit growth points for the company.