HANGZHOU YITONG NEW MATERIAL CO., LTD

HANGZHOU YITONG NEW MATERIAL CO., LTD Overview

Company Headquarters: Jiande City, Zhejiang Province, China

Founded: 2000

Workforce: ~120

Company Working: Hangzhou Yitong New Material Co., Ltd (Hangzhou Yitong) is engaged in the manufacturing of iron-based products including water atomized iron powder, non-segregation mixed powder, atomized copper powder, alloy steel powder, magnetic iron powder, iron powder for welding rod, atomized bronze powder, and ultra-fine iron powder. These products are widely used in a broad range of applications such as automobiles, motorcycles, power tools, household appliances, and engineering machinery and instruments. It is one of the professional atomized iron powder enterprises in China with an annual production capacity of 80,000 tons. The company has a research and development center with advanced equipment such as ThermoFisher plasma emission spectrometer, carbon-sulfur analyzer CS-2008, German LEICA metallographic microscope, and material testing machine.

The major regional customers of Hangzhou Yitong are Dongpu Group, Qingzhi Metal Industry, Huade Powder Metallurgy, Yangzhou Baolai, Chongqing Huafu, Haimen Changle, and Wuxi Hengteli.

Strategy

Hangzhou Yitong adheres to the concept of “excellence and technological innovation" and focuses on offering high-quality products and services at a reasonable price. The company is striving to achieve a win–win situation with its customers and meet the demand in the powder metallurgy industry.

Company Snapshot

120

Employees

2000

Founded

Jiande City, Zhejiang Province, China

Headquarters

SWOT Analysis

Strengths

High-tech R&D center with advanced equipment
Broad product portfolio

Weaknesses

Limited global presence

Opportunities

Expansion of distribution channel to increase the customer base

Threats

Stiff competition from regional players

Key Developments

Date	Approach	Development
March 2019	Expansion	Hangzhou Yitong completed the production line of high-performance atomized steel powder for automobile applications. The plant is located in Daciyan Town, Jiande City, China. The annual production capacity of this production line is 20,000 tons and the total investment is around USD 2 million.

Product Offering

HANGZHOU YITONG NEW MATERIAL CO., LTD
- Water Atomized Iron Powder Material
- Copper-Based Alloy Powder

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