Qidong expands and strengthens the national electric tool industry base

The power tool industry is the most characteristic scale industry in the economic development of Qidong City, and it is also one of the most advantageous industries in Qidong City. In recent years, the power tools and spare parts manufacturing enterprises centered on Lu Si have rapidly gathered and developed rapidly, and have formed a large-scale industrial cluster, which has been listed as a key economic sector by the Nantong Municipal Government and the Jiangsu Provincial Government.
However, the current power tool industry has become an industry in which the city has been hit hard by the financial crisis. In order to enlarge and strengthen the power tool industry, promote industrial upgrading and promote technological innovation is a top priority. Qidong’s latest “Qidong City Power Tools Industry Adjustment and Revitalization Planning Outline” clearly proposes to strengthen the brand management strategy around the power tool industry sector. Independent innovation strategy, agglomeration development strategy, highlight key brands, cultivate key enterprises, accelerate scientific and technological innovation, improve marketing system, promote park construction, accelerate cluster development, and strive to make Qidong City become a major influence at home and abroad through three years of efforts. Power Tools Innovation Center, Manufacturing Center, and Marketing Center have become the national power tool industry base. By 2011, the city's power tool industry achieved an output value of over 12 billion yuan, with an annual turnover of more than 20 billion yuan.