TPA Newsletter- Jul 16, 2010
TPA newsletter > Breaking through the Raging Global Financial Crisis, TPA Strongly Sails Forward
Shocked by the financial collapse in 2008, nobody believed the economy would ever run smoothly again. Most thought that this crisis would be "the most serious crisis since the Great Depression”. It not only swept the financial markets, but also across the real estate and service industries, and to nearly all manufacturers, especially within developing countries. By the end of 2009, the global economy still remained in the doldrums. The explosive economic growth of China had also been slowed.
Dongguan was also unable to avoid the impact. Facing this unexpected crisis, it was practical, yet significant to convert “threats” into “opportunities”. As one of the "Star Enterprises” in Huangjiang, and in Dongguan, a “Municipal Key Processing Trade Enterprise", the export turnover of TPA maintained positive growth, thriving among other export enterprises in Dongguan, and made a great contribution to the sustainability of the local economic recovery. TPA also received much affirmation and support from Dongguan City and the Huang Jiang town leadership at all levels, and from major news agencies such as Xinhua, Dongguan TV, Dongguan Sunshine, and the Asia Pacific Economic Times. Many extensive live interviews and business reports promoted TPA’s successful economic breakthrough.
With the strong support from the government, TPA stays ahead globally with timely strategy adjustments, steady technological innovation, aggressive talent recruitment and factory expansion, and economic resource integration. Besides stabilizing overseas order demands, TPA has aggressively explored the huge domestic LPG market, and tries to keep an even balance between the capacity and demand. In 2009, the cylinder market share of TPA (Taiwan Pao An) in Taiwan reached 30% quickly, and that share is still increasing. Moreover, in July, TPA will make an additional investment to expand the production facilities and enhance the total capacity to 2.5 million pcs annually. Meanwhile, through production experience, and excellent product development and design capabilities, TPA has developed its own brand, increasingly well-known in the market. Additionally, the three subsidiaries of TPA group will move to the current site in Huang Jiang, Dongguan, in 2011, achieving the "Great Yong-An Program”. In the near future, Huang Jiang Yong-An will become the group headquarters in China and Southeast Asia, including one of the largest "Gas Appliance Industrial Parks”. The achievement of consolidating all three factories to the Yong An site will drive development in this new Gas Appliance Industrial Park, and become the main driver of growth in the Huang Jiang area.
Successful breakthrough from the global crisis once again shows TPA is still one of the outstanding pioneers in the Chinese LPG industry. TPA will continue to shoulder a heavy share of its Corporate Social Responsibility while it is actively operating within the local community.
The current world economy is showing signs of recovery, but the root of the crisis has not been eliminated, and the economic growth still moves at a slow pace. It is possible that that numerous threats, like another recession or more fierce global competition, could make the developmental road in the LPG industry rocky, but TPA will tower above the crowd in the global LPG industry by executing solid global strategies from its professional management team, by continuing to provide customers excellent product quality & service, by pushing technology innovation – all with a strong unity and firm decision-making to brave all hardships!