Inspirational Story Told of the Rise of Kingchem into a Successful Modern Enterprise.
Science & Technology Daily, a national journal in China, recently recounted the story of Kingchem’s rise as a small U.S. distributor growing an abandoned and dilapidated factory in Fuxin, China, while expanding into a strong and modern manufacturing enterprise with manufacturing, R&D, commercial, logistical and administrative facilities now on two continents. Coverage of the inspirational story in its July 14, 2014 issue was prompted by Kingchem 20th anniversary celebration events held during CPhI week in Shanghai and Fuxin.
Kingchem founder and CEO, Fumin (Stephen) Wang, the journal reported, described the trajectory and struggles of the company’s early growth – from learning there was a market need for an agrochemical intermediate, to acquiring a wretched and old organic chemical plant, to seeking an integration of Eastern and Western ideas and abilities, to top management’s focus on bringing in the right talent for the job.
Along the long road to success by Kingchem were many difficulties, recounted CEO Wang: From the small and mundane to the loftier and more abstract. Cleaning sacks of bird droppings accompanied figuring out how to develop Kingchem’s forward-looking modern-enterprise business philosophy. Breaking old local industrial habits went hand in hand with introducing modern methods while upgrading an environmentally substandard facility. Concerns over prodding production and R&D units to perceive and act on market needs arose, while the plant’s true potential had to wait for Kingchem to take full ownership in order to focus as strongly as necessary on the pressing need to develop the company’s enterprise-wide talent pool.
Kingchem’s early plant infrastructure restoration was meant to create a stable supply of products in order to serve the company’s long-term development through satisfying customer demand for supply chain security. However, difficulties in its early history with a lack of equipment and poor facilities had to be withstood as the company struggled to upgrade on all levels.
CEO Wang was also able to recount good fortunes during Kingchem’s rise. Kingchem has, for example, acted as an engine of the government’s project to establish and expand China’s fluorine industry. As well, finding such top talent as Kingchem Liaoning Chemical’s general manger Guangsheng Liu and others powerfully impacted the plant’s rise.
GM Liu also remembered well the years it took to bring Kingchem’s early manufacturing facility around. While recounting the long process of introducing increasingly scientific method into plant procedures, he reported that even simply finding space to place instrumentation was once problematic at the Fuxin manufacturing facility.
Today Kingchem still benefits from its early years of self-improvement. Recent upgrades to the company’s now much upgraded plant are proof of the company’s continuing strict self-discipline in its pursuit of market values while also, for example, adhering to environmental values. Recent upgrades to waste facilities alongside the continued building of new workshops and other facilities at the plant stand as just one example.
Relating how far the company has come now that Kingchem has four facilities on two continents, CEO Wang also touched on the talent of his New Jersey-based (USA) sales force and its ability to track the market. He went on to discuss the global reach of Kingchem today, its close focus on the needs of customers, the company’s integration into the market and its fight for market share.
Today, the previously sleeping potential of an abandoned plant has through talent, capital, modern management and passion awoken to become the dynamic future of a company now on two continents.
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