Despite facing many difficulties and challenges due to economic fluctuations and recession, Diamond Industrial Company Limited, Khai Quang Industrial Park (Vinh Yen) has made continuous efforts, implementing many solutions to "break" the difficult situation, maintain effective production and business, and ensure stable jobs for workers.
Flexibility in management and operation; optimizing production models... are the main solutions that help Diamond Industrial Company Limited, Khai Quang Industrial Park (Vinh Yen) maintain stable and effective production and business and ensure jobs for workers. Photo: Chu Kieu
In the context of the world facing economic fluctuations and recession, sharp decline in market demand, increased input costs and financial pressures pose great challenges to the survival and development of businesses.
With proactive, flexible and creative management, operation and production and business organization, Diamond Industrial Company Limited (Diamond) - an enterprise specializing in manufacturing and processing steel pipes and cold-drawn steel bars with high precision, serving in the fields of mechanics, auto and motorbike components, continues to develop stably and effectively.
In 2023, Diamond's steel output will reach more than 10,000 tons, revenue will reach nearly 19 million USD; creating stable jobs for more than 140 workers, with an average income of nearly 10 million VND/person/month; actively contributing to the local budget.
Mr. Yeh Han Chang, Deputy General Director of Diamond Industrial Co., Ltd. shared: To achieve the above positive business results in the current difficult and volatile economic context, Diamond has continuously made efforts and implemented many solutions to "break" the difficult situation, maintain and develop effective business, and ensure stable jobs for workers.
At the same time, affirming that Diamond's success, in addition to the efforts of the staff and workers in the whole company, also has great contributions and support from authorities at all levels and functional branches in the province.
To maintain stable production and business in the context of fierce market competition, supply exceeding demand, high inventory, unpredictable steel price fluctuations... Diamond has optimized the production model; proactively and flexibly managed and operated, seized opportunities to recover and make breakthroughs; arranged and restructured the organizational model; mobilized and arranged labor, machinery and equipment suitable for each production stage to save costs.
Actively search for and proactively source raw materials for production. Closely monitor the market situation, analyze the advantages, disadvantages, and needs of partners and customers to adjust strategies and appropriate production and business plans, and avoid the situation of large quantities of goods being left behind.
At the same time, we focus on and care for the health and improve the quality of life of workers. Although profits have decreased over the years, in addition to ensuring stable and timely salary payments, other welfare policies and regimes for workers such as sightseeing, vacations, cultural activities, arts, sports , etc. at Diamond are still maintained. This has created motivation, helping workers feel secure in their work, stick with the company, and build a strong business.
In 2024, according to forecasts, the world economy and Vietnam will still face many difficulties and challenges, but with the achieved results, Diamond boldly sets a target of striving for 15% growth in both output and revenue.
To achieve the goal of sustainable growth and development, Diamond will invest in new machinery and technology to improve productivity and product quality. Actively seek and expand consumption markets, especially export markets.
Focus on training and improving the professional qualifications and skills of management staff, and skills and expertise of workers and laborers; promote the movement of promoting initiatives, improving techniques, saving materials in production, contributing to making production and business activities highly effective; continue to improve the working environment towards professionalism, safety, and friendliness...
Besides, Diamond hopes to continue receiving the companionship and support of the provincial authorities and functional agencies, especially in exporting, importing, and circulating goods, ensuring a stable power source for production...
Promoting restructuring, being proactive and flexible in management and operation, along with timely support from authorities at all levels and functional branches in the province, Diamond will maintain stable production and business and create new breakthroughs, successfully implement the goals and plans set out in 2024, creating momentum for the following years, contributing more to the socio-economic development of the province.
Hainan
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