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ASIMCO Camshaft (Yizheng) Co., Ltd.
ASIMCO Camshaft Successfully Completes First-Half Technical Renovation Investment
Release Date:
13-06-24
Seizing opportunities and leveraging momentum—ASIMCO’s Camshaft division has consistently struck a harmonious duet of building momentum and pursuing self-development. Thanks to the concerted efforts of all, the company successfully completed its technological upgrade investment for the first half of the year. The company’s annual plan allocates RMB 13.1 million for technological upgrades, with RMB 7.15 million already committed in the first half of the year. However, only RMB 4.26 million was actually contracted, resulting in a shortfall of RMB 2.89 million for these projects alone. As General Manager Chen Aiguo often says, “Anyone can spend money on wine; the real skill lies in being able to buy wine even when you have no money.” The VIKING production line requires an ADCOLE Camshaft Comprehensive Tester for online inspection, which costs about RMB 5 million (excluding tax). The company currently owns an ADCOLE 1310 dedicated tester originally used for the General LE5 project. If this equipment is to be repurposed for the VIKING line, it will need a comprehensive overhaul and upgrade, with ADCOLE quoting RMB 1.5 million—and there’s no guarantee the upgrade will succeed. After careful evaluation, the team decided against simply handing over such a large sum of money to others and opted instead to undertake the renovation themselves. After nearly six months of relentless effort and countless trials, the equipment was finally upgraded at the end of May and now fully meets the inspection requirements for VIKING products, at a total cost of just over RMB 20,000. There are many similar cases: for example, in the past two years the company has independently designed and built multiple specialized production machines, including cutting machines, punching machines, cleaning machines, and oiling machines, saving millions in costs. In the second half of the year and beyond, the company plans to shift its investment in camshaft grinding machines toward acquiring used German and Japanese equipment that has been phased out by domestic firms, leveraging the company’s strong capabilities to refurbish and upgrade these machines and thereby enhance return on investment. Recently, the company spent RMB 1.2 million to acquire a used camshaft grinder that would otherwise cost around RMB 7 million.
Seizing opportunities and leveraging momentum—ASIMCO Camshaft has consistently struck a harmonious duet of building momentum and self-development. Through the joint efforts of all, the company successfully completed its technological transformation investment for the first half of the year.
The company’s annual plan for technological transformation investment totals RMB 13.1 million; in the first half of the year, projects within the planned budget amounted to RMB 7.15 million, yet only RMB 4.26 million was actually contracted, resulting in a shortfall of RMB 2.89 million for these projects alone. As General Manager Chen Aiguo often says, “Anyone can spend money on liquor—truly skilled is the one who can even afford to buy liquor when there’s no money left.” The VIKING production line requires an ADCOLE Camshaft Comprehensive Tester for online inspection, which costs about RMB 5 million (excluding tax). The company currently owns an ADCOLE 1310 dedicated tester originally used for the General LE5 project; if this equipment is to be repurposed for the VIKING line, it will need a comprehensive overhaul and upgrade. ADCOLE’s quote for such work is RMB 1.5 million, and there’s no guarantee of success. After careful evaluation, the team decided against simply handing over that much money to others and opted instead to undertake the renovation themselves. After nearly six months of relentless effort and countless trials, the equipment was finally successfully upgraded at the end of May and now fully meets the inspection requirements for VIKING products, with the entire renovation costing just over RMB 20,000. There are many similar cases: for example, over the past two years the company has independently designed and built multiple specialized production machines, including cutting machines, punching machines, cleaning machines, and oiling machines, saving millions in costs. In the second half of the year and beyond, the company’s investment in camshaft grinders will shift toward acquiring discarded German and Japanese equipment imported by domestic firms, leveraging the company’s strong capabilities to refurbish and upgrade such machinery in order to enhance return on investment. Recently, the company spent RMB 1.2 million to acquire an imported camshaft grinder that would otherwise have cost about RMB 7 million.
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ASIMCO Camshaft (Yizheng) Co., Ltd.
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