Phase I: The establishment and growth stage from 1996-2004
Ningbo INI Hydraulic Company Ltd. was established in October 1996, as a joint venture invested also by Italy SAI Company, with a registered capital of $100,000. The introduction of Italy SAI series and five-star motor production technology enables us to manufacture the corresponding INM series and IHM series motors. Since 1998, we have been engaged in the independent design and manufacture of our hydraulic planetary gearbox, hydraulic slewing drive, and hydraulic winch, and have received a number of independent intellectual property rights and patents. Our company has achieved over 157,100 USD in sales since its inception, and this amount had increased to more than 6.284 million USD in 2004. In addition, our staff increased from a dozen to more than 100 employees, and the plant area expanded into 2400 square meters.
Phase II: The first rapid development 2005-2010
Dagang INI Hydraulic Company Ltd. was newly founded in the Ningbo National Economic and Technological Development Zone, with the registered capital of $ 6,500,000. The company invested $ 16 million, and the newly-built plant covers an area of 40,000 square meters. In 2010, the annual sales grew to 47.13 million US dollars, and the number of employees increased to more than 300 people. With more than 30 independent intellectual property rights, including 14 invention patents and one U.S. invention patent, our company becomes a leader in the industry.
Phase III: The secondary rapid development 2011
Our company continues to increase our investment, with the registered capital reaching 35.3475 million US dollars. We bought another 18.87 hectares of new land and began the national scientific and technological achievements application project. The company invested 50.272 million USD, 15.71 million US dollars of which was used to purchase advanced and modern CNC equipment. In 2011, the company newly invested 10 new production lines. In addition, our annual sales reached 380 million, and our employees totaled 600 people.