Ten Pao Group Holdings Limited Forges Strategic Partnership with HKPC on “Smart Production”
Upgrades Automation Technology and
Substantially Improves Production Efficiency
(Hong Kong, 6 July 2016) – Ten Pao Group Holdings Limited (“Ten Pao” or “the Group”; stock code: 1979), a leading one-stop manufacturer of switching power supply units in China, signed an agreement with the Hong Kong Productivity Council (“HKPC”) today at the Huizhou Science and Technology Museum on strategic cooperation in relation to “Smart Production” cum technological improvement in automation. This project is a further cooperation in the area of automation of the two parties after they kicked off the “Efficient Automated Production Program” earlier. The Group planned to invest more than RMB100 million in automation technological transformation in several phases, involving approximately 20 to 40 production lines depending on the actual situation and market demand, which will reduce reliance on manpower and greatly enhance production efficiency.
The reform project is based on automatic diagnosis, smart system design and production as the core, through the production of smart automatic equipment, in order to enhance the flexibility of automatic production lines and work places, achieving digitalization of production process and the building of a highly automated and efficient factory. Thus, it helps save production time and enhances production efficiency.
For Ten Pao’s core technologies, this project will see breakthroughs in production technique, model, materials and equipment etc, enabling remarkable advancement in five areas - real-time and interactive data collection, robotics application, intelligent logistics operations, Internet application and IoT technology. With the automation technological reform rolled out, the Group expects its production efficiency, lead-time and product quality to improve notably, helping to enhance its leadership in the manufacturing of power supply industry and cement its market share.
In addition, Ten Pao will make use of this platform to drive the development of up and downstream supply chain entities, aiming for integration of information technology with advanced manufacturing techniques that can aid a new round of growth of the industry. With boosted influence, the Group will be able to help foster automation and standardization of production in the industry.
Mr. Hung Kwong Yee, Chairman, Executive Director and Chief Executive Officer of Ten Pao, said, “The power supply industry has entered a ‘new era’ with upgrading and transformation being vital to corporate development. With the implementation of the national strategic initiative ‘Made in China 2025’, automation becomes the crucial for power supply industry players to grasp opportunities. Armed with more than 30 years’ experience in the power supply manufacturing industry, a comprehensive management system and the adoption of the ISO14001 environmental management system, the Group has been able to maximize the power efficiency of its products and cope with the ever-changing market. We will actively reform and improve our technologies to keep up with the ‘smart’ trend, as well as look for more development opportunities to pave way for sustainable business growth in the future.”
Mr. Hung Kwong Yee, Chairman, Executive Director and Chief Executive Officer of Ten Pao and Mrs. Agnes Tang, Executive Director of HKPC, signed an agreement at strategic cooperation in relation to “Smart Production” cum technological improvement in automation to facilitate the further cooperation in the area of automation
About Ten Pao Group Holdings Limited (Stock Code:1979)
Ten Pao Group Holdings Limited is a leading one-stop manufacturer of switching power supply units in China and has more than 30 years of experience in the power supply industry. Its clienteles include many leading and fast growing international brands. Ten Pao is equipped with strong R&D capabilities and is one of the few manufacturers that have its own CNAS-accredited testing laboratory, which enables it to transform with the change of the technology market while it develops and produces diversified products catering to the specifications of clients’ new products.
About the Hong Kong Productivity Council
The Hong Kong Productivity Council is a supporting industrial institution in Hong Kong. Together with its subsidiaries, HKPC provides production technology and management consultation, product inspection and personal training services to over 3,000 companies a year, assisting local industries to develop high value-added products and services in order to enhance their global competitiveness.
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