Pujiang Padlock: Overview of Development of China Padlock Industry Base

The production of padlocks in the Pujiang River started in the 1970s. In 1973, Zhengzhai Farming Machinery Co., Ltd. established the first lock factory in Pujiang, the Pujiang County Lock Factory, under the condition of weak technical strength and poor equipment. After the reform and opening up, they dared to develop the prospects of the padlock industry for the people of the Pujiang River. They successively set up padlock production enterprises in the sea. By 1998, it had rapidly developed to nearly 500 companies, and there have been thousands of households processing lock products. In the late 1990s, the Pujiang system began its second venture with the key to the improvement of the overall quality of the enterprise. Through technological transformation, brand building and other means, the company began to expand its scale, grade, and level and emerged plum blossoms and white horses. , Wu, Jin Lei, Mitsubishi, China Star, Yahuan and a large number of lock-making enterprises with a certain scale. The lock-making groups of townships such as Zhengzhai, Zhongyu, Puyang, Huangzhai and Baima were formed. The lock industry has entered one of the three pillar industries in Pujiang's local economy and has become the country's largest civilian padlock production and export base.

As of 2010, Pujiang has a total of 815 padlock finished products and accessories companies with an annual output of 1.25 billion padlocks. The total industrial output value of 4.045 billion yuan was realized, and the sales revenue was 3.976 billion yuan, including 4 enterprises with sales revenue of over 100 million yuan and 8 companies with sales of 50 million yuan.

The leading company Zhejiang Pujiang Meihua Lock Industry Group Co., Ltd. was awarded as one of the “Top Ten Lock Kings in China” by the China Hardware Products Association in 2005. It is one of the largest padlock manufacturers in the country and is the leading company in the padlock industry in Pujiang. Pujiang padlock industry demonstration role. Padlock production throughout the county is concentrated in townships such as Zhengzhai, Zhongyu, Puyang, Huangzhai and Baima and radiates to surrounding counties such as Yiwu, Tonglu and Wuyi. The spatial distribution of blocky clustering characteristics is obvious. In the north of Pujiang, Zhongyu is the core area, including the two townships of Zhongyu and Tanxi, and it extends to Tonghe Xinhe Township. Among them, there are more than 310 large and small padlock manufacturers in Zhongyu Township; In the east of Pujiang, the padlock belt along Puzheng Road, centered on Zhengzhai, includes Puyang, Pu'nan, County Development Zone, Huangzhai, Zhengzhai, Baima, Zhengjiawu and other townships, of which Zhengzhai Town has a padlock and its accessories. Nearly 200 companies. This resulted in the formation of a large cluster production pattern with two centers of gravity in the Pujiang Padlock Industry Zhongyu and Zhengzhai two centers, the county economic development zone and the Zhengzhai lock functional zone, which have obvious industrial agglomeration effects and market competitiveness.

At present, more than 30% of padlocks in Pujiang are sold overseas, and over 70% of them are sold by large-scale enterprises. The products are exported to 125 countries and regions such as Southeast Asia, the Middle East, Europe and the United States. In 2010, the total value of foreign trade shipments reached 970 million yuan, accounting for 42% of the country's padlock exports, 29 companies that have self-operated export management rights, total self-exports amounted to 64.32 million U.S. dollars, one enterprise that self-exported 20 million U.S. dollars, and 3 to 500 million U.S. dollars, 100- Five million US dollars companies. In 2010, Pujiang County was recognized as a lock export base by the Zhejiang Provincial Department of Commerce and the Provincial Department of Finance. At the same time, in order to cope with the increasingly frequent international trade frictions, the provincial “Pudong Locks Products Foreign Trade Early Warning Mechanism Demonstration Point” was established to carry out the industry's foreign trade early warning work.