us manufacturing

CHANGCHUN, Jilin-September 22, 2017- Toolots CEO Jason Fu and board member Dr. Peter Wei attended a business roundtable Wednesday in Jilin Province to discuss how Toolots can play a role in creating export opportunities for Jilin's industrial equipment manufacturers.  

Toolots attends a business roundtable with top industrial supply business leaders in Jilin.

Director of the European and American Affairs Office of Jilin Province Liu Zhijian speaks at the exchange.

Toolots CEO Jason Fu describes the company's business model at the exchange.

The exchange featured a panel of 18 manufacturing executives, including several top industrial supply companies in Jilin. Several heads of the Jilin Provincial Government were also in attendance, including Liu Zhijian, the Director of European and American Affairs Office of Jilin Province. Changchun City Foreign Affairs Office Deputy Director Ou Shuo, Changchun Bureau of Commerce International Market Development Director Suo Tie, Deputy Director Jiang Xutang, Siping City Economic and Trade Bureau deputy director Liu Dongyu were among the officials in attendance.  

The 18 top manufacturing executives represented companies producing a wide range of industrial products, including automobile manufacturing, transformers, industrial automation, valves, power generation equipment, and other equipment. 

Toolots was given the opportunity to speak about its business model and how its platform makes it possible for industrial equipment SMEs in Jilin to become export-ready, particularly as US manufacturing heats up and its demand for equipment grows. 

"Toolots coming to Jilin is a win-win situation," said the Changchun Deputy Director of Foreign Affairs during the roundtable discussion. "It is always our goal to facilitate and build bridges when it comes to global trade, so we will do everything we can to support Toolots in helping Changchun industry explore export opportunities."  

Deputy Director of Foreign Affairs Office of Changchun City Ou Shuo speaks at the exchange.

After Toolots spoke about their platform, the Siping Economic Cooperation Bureau said that he was optimistic about the company's impact on industrial exports, and looked forward to spreading the word.  

Deputy Director of Changchun Bureau of Industry and Information Technology Jian Xutong also expressed his full support of Toolots's business model, noting an interest in helping bring more companies onboard.  

"The U.S. is bringing back manufacturing to the States, but Toolots has turned this trend into opportunity. China's industrial industry has accumulated a degree of excess capacity, yet there is a prevailing lack of know-how in terms of how to export it to U.S. manufacturers. Fortunately, this is precisely Toolots's area of expertise."  

Deputy Director of Changchun Bureau of Industry and Information Technology speaks at the exchange.

Toolots CEO Jason Fu spoke about Toolots's plans for the future:

"Before October of next year, we will have onboarded 300 industrial equipment companies which will serve as business model validation, showing investors, local governments, and business leaders our platform's potential for incredible growth." 

Toolots CEO Jason Fu speaks at the exchange.

A Chinese translated version of this article can be found here.

Xiuzhou Economic Development Delegation from Jiaxing, China visits Toolots and local SMEs

Tenghui Guo, Executive Deputy Governor of Jiaxing, giving open remarks to attendees.

CERRITOS, Calif – August 17, 2017 – Toolots was honored to receive over 40 prestigious guests Tuesday for an exclusive US-China Manufacturing Delegation held at its’ headquarters. The event aimed to gather US and Chinese government officials with expertise and experience in the manufacturing industry with local US manufacturers to discuss the importance of bridging the gap between the Pacific, how to improve trade relations, and the future of the industry as a whole. Attendees were given the unique opportunity to ask delegates questions regarding the industry and the importance of California and the Xiuzhou District.

The event began with with remarks by Toolots Founder Jason Fu and the Executive Deputy Governor of Jiaxing Tengui Guo, who stressed the importance of strong trade relations to streamline industrial commerce between the United States and China. Cerritos Mayor Grace Hu then delivered a proclamation certificate to Guo, to thank the delegation for choosing the city of Cerritos and its’ businesses to begin strengthening relations.

“California is open for business [and happy to] support our residents here within the district” Adam Galia, a District Representative for California State Senator Tony Mendoza, stated. Galia then presented the delegation with a certificate on behalf of the Senator for the 32nd District. “[We] commend your contributions to this form of helping  American businesses in advancing and improving relations between our two countries” Galia read, verbatim, from the certificate.

Lisa Zhou, President of the Chinese CEO Organization, followed Galia by presenting a certificate of recognition for contributions to the development of the Chinese-American business community, noting the Xiuzhou Economic Development Delegation’s commitment to improving trade relations. Desmond E. Thompson, Vice Chairman of the Board for the Cerritos Regional Chamber of Commerce, then discussed China’s role in international trade with the US. With over $600 billion in total trade with China in 2016, the Vice Chairman was thrilled that Toolots and the Delegation chose Cerritos as their headquarters and event location. “Toolots [is] helping expand the local opportunities for all businesses to play a role in this significant source of trade,” said Thompson.

Vice Chairman of the Board for the Cerritos Regional Chamber of Commerce, Desmond E. Thompson, discusses US-Chinese trade and the potential benefits for local SMEs.

Toolots Chief Technology Officer, Bill Andreozzi then took the stage to provide guests an introduction to Toolots’ unique platform. Briefly, Andreozzi explained Toolots’ vertical approach to the market, and how after-sale services can disrupt traditional eCommerce models. The event concluded with an industrial equipment cross-border eCommerce platform signing ceremony, a group photo, and a networking luncheon.

Representatives from the Xiuzhou Economic Development Delegation from Jiaxing, China (嘉兴市秀洲区经贸考察团) included:

• Tenghui Guo: Executive Deputy Governor, People's Government of Xiuzhou District, Jiaxing City
• Chunfu Dong: Deputy Director, People's Republic of Xiuzhou District, Jiaxing City
• Xihua Xu: Director, Jiaxing Xiuzhou Bureau of Economy & Commerce
• Jianzhong Du: Deputy Director, Development and Reform Bureau of Xiuzhou District, Jiaxing City
• Yong Qian: Director, Bureau of Economic Development & Statistics, Jiaxing Xiuzhou National Industrial Development Zone
• Yanqin Ma: Project Manager of Service Investment Bureau, Jiaxing Xiuzhou National Industrial Development Zone (interpreter)

According to the Chinese government officials who attended, California’s role in global commerce is imperative. International contributions through trade and investment will provide significant benefits to the manufacturing community,extending beyond American businesses and their employees to assist the communities they operate in as a whole.  

Group photo of attendees of the US-China Manufacturing Delegation hosted by Toolots at their Cerritos, CA headquarters.

“Xiuzhou can help American companies to develop their businesses,” said Guo, Executive Deputy Government for the People’s Government of Xiuzhou in Jiaxing City. Guo was one of six members of the delegation who traveled to Toolots Cerritos headquarters for the event. He further added that the Chinese government wants to reinforce its national manufacturing reach by solidifying strategic partnerships with esteemed foreign manufacturers, like those located throughout the state of California. During a brief presentation, Xihua Xu, Director of the Jiaxing Xiuzhou Bureau of Economy and Commerce, discussed the manufacturing resources, potential partnerships, and investment or partnership opportunities in his city. While these partnerships are valuable to Chinese government officials, it’s also an opportunity for American manufacturers to broaden their market, invigorate production, and spark increased localized growth. “We think Toolots will become a bridge between companies in China and California, and elsewhere in the United States.”

The US-China Manufacturing Delegation is one example of Toolots’ ongoing ambition to increase engagement between the US and Chinese industrial communities to help promote localized economic growth in Southern California while also educating US SMEs on how to effectively export their products to the overseas market. Additionally, the Company’s streamlined global eCommerce platform makes it easy for manufacturers to sell their products to long-tail, or niche, markets.

Toolots differentiates itself from the competition by providing the logistical, financial, and personnel support to get new products in the hands of new customers in addition to comprehensive after-sales services. This affords small to medium sized enterprises the ability to focus on the quality of their products, while Toolots handles the heavy lifting. To learn more or to list your company’s products on our eCommerce platform, sign up at www.toolots.com.

Toolots has announced its 2nd Annual US-China Manufacturing Exchange Summit will take place Sept. 24-26, 2017 at the historic Grand Pacific Hotel in Yuyao, China.

Join Medical Device Manufacturers, Trade Associations, Government Officials and More in Yuyao, China

CERRITOS, Calif. – July 3, 2017 –With the 2nd Annual US-China Manufacturing Exchange Summit, Toolots, Inc. continues to cultivate fruitful relationships between American and Chinese advanced manufacturing communities. Hosted by the China Chamber of Commerce for Import & Export of Medicines & Health Products (CCCHMPIE) and the Sino-Italy Ningbo Eco Park, involving high-level industry professionals, regulators and government officials, the Summit provides a platform to accelerate international expansion and expand your global network. Take advantage of this rare opportunity to experience China, learning first-hand what it takes to effectively sell innovative medical devices, health-related products and more on the Asian marketplace, directly from venture capitalists, investors, and executives who take advantage of a unified cross-border strategy to succeed globally.

The 2nd Annual US-China Manufacturing Exchange Summit, centering on the medical device industry and related regulations, logistics and more, will take place Sept. 24-26, 2017, as part of Toolots’ yearly initiative to promote improved relations between both countries and simplify global commerce within the advanced manufacturing community. The event will be hosted at the historic Grand Pacific Hotel in Yuyao, China, part of the eastern Zhejiang Province close to the busiest port in the world, based on shipping volumes, the Ningbo Zhoushan Port.

Some participating companies in the medical device and health product industry include China MEHECO Corporation, Shanghai Medicines & Health Products Import & Export Co., Zhejiang Medicines & Health Products Import & Export Co., Tianjin Medicines & Health Products Import & Export Co., Jiangsu High Hope International Group, China National Scientific Instruments and Materials Corporation.  In addition to a host of large, influential Chinese companies, Toolots and its partners have arranged for a significant presence of venture capitalist firms interested in investing in innovative American companies and products. Some of the principal firms attending the Summit include Sequoia Capital, Cybernaut, Histtone Capital, Hill House Capital, TusPark Ventures and Yangming Capital.

Panel discussions on how to succeed in the global marketplace, protecting intellectual property, and industry developments, among other topics, will help to inform attendees from the U.S. and China, and serve as an educational tool to guide their businesses and organizations. Scheduled discussions will involve officials from the Ministry of Commerce of the People’s Republic of China, the China Chamber of Commerce for Import & Export of Medicines & Health Products, a wide range of executives from both U.S. and China-based medical device companies, and others.

Attendees have the rare opportunity to connect directly with authorities and other professionals in China who can provide logistical or capital assistance, whether you are seeking to register a medical device or other innovative health product, or wish to expand your business operations and network. Space is limited to 30 medical device companies in total, so secure your place today. To sign up, please register via our Eventbrite page here or send us an email at summit@toolots.com. To stay up to date with the latest event information, be sure to visit http://www.toolots.com/summit2017.

Benefits:

• Enjoy personalized matchmaking of U.S and Chinese manufacturers for more meaningful and productive networking.

• Roundtable dialogues between international trade experts, manufacturers, and government leaders will help inform and guide real-world business decisions.

• Tour advanced manufacturing facilities in Ningbo, an industrial stronghold, to see first-hand what China and its industrial capabilities are truly like.

Co-Hosts:

The China Chamber of Commerce for Import & Export of Medicines & Health Products is the leading national trade association in China, aiming to improve international trade and relationships within the biomedical and healthcare industries. With over 2,400 companies in the association, including major manufacturers in the pharmaceutical and medical product sectors, the CCCMHPIE has the most extensive network of any organization in the industry. As a guest at the Summit, you will have an incredible opportunity to connect with these industry professionals who routinely market and sell the products you, as a US-based manufacturer, develop and distribute.

The Sino-Italy Ningbo Eco Park, a collaborative effort between the Chinese and Italian governments for a new industrial development focusing on advanced manufacturing, is planning for a new 18-square-mile manufacturing district, a residential/commercial district and an ecological park to guide sustainable industrialization. The goal is for the area to become a hub for innovative research and development involving cooperation between Chinese, American, and European companies.

Panels will be held on topics including:

•         Protecting Intellectual Property Rights
•         Land, Labor and Capital in China
•         Navigating Customs and Globalized Logistics
•         Effective Marketing and Sales in China

What: 2nd Annual US-China Manufacturing Exchange Summit

When: Sept. 24-26, 2017

Where: Grand Pacific Hotel, 168 S Binjiang Rd, Yuyao, Zhejiang, China, 315400

To sign up for Toolots' free webinar for manufacturers on May 19, please RSVP via email to cfoy@toolots.com

Toolots engineers install a robotic device on a plastic injection molding machine to greatly speed up production.

CERRITOS, Calif. – May 15, 2017 – Toolots, Inc., a Southern California-based online marketplace for the latest industrial equipment, machinery and technology, invites interested biomedical and advanced manufacturing companies to join a no-cost educational webinar on the market conditions and outlook for original American products in mainland China. The webinar takes place Friday, May 19 at 1 p.m.

As the company’s US-China Medical Device Summit approaches, taking place June 28-30, in Ningbo, China, the Cerritos-based company invites any interested firms, executives and representatives to participate in the second webinar in the series. Attendees will discover on the ground conditions in China, and learn how the online marketplace and the comprehensive services offered to Toolots partners can give companies a leg up in the market for innovative medical products. During the seminar, you will learn about the growing demand for US-manufactured medical devices, how much more Chinese customers are willing to pay for foreign-made health products, devices and advanced technology, and hear how your company can gain by attending the US-China Medical Device Summit next month.

The US-China Medical Device Summit will be hosted by the leading national trade association in China for medical devices and biomedical products, and is co-hosted by Toolots. Toolots invites your participation Friday in our no-cost online seminar to learn more. To sign up for the webinar or for additional information, please contact Toolots Director of Public Affairs Chris Foy at cfoy@toolots.com. Private consultations are also available to explore how Toolots can help your company break into the lucrative Chinese market and elsewhere in the region, where Toolots has a growing international footprint.

CERRITOS, Calif. – May 1, 2017 – With the guidance of Toolots, China’s second-largest manufacturer of plastic injection molding machines has developed a new brand of industrial equipment specifically for the U.S. manufacturing market. Haida, through its new brand Himalia for American customers, has begun manufacturing modern plastic injection molding machines built to U.S. specifications, voltage and other requirements. Machines are also custom-built at their state-of-the-art manufacturing facilities in China, where more than 400 employees work to produce quality machinery to meet increasing global demand.

Toolots has helped develop Haida's new brand, cross-border strategy and its products for the U.S. market from the very beginning, and Haida executives said during a recent site visit they are optimistic about the future.

Haida is the second-largest manufacturer of plastic injection molding machines in China.

Before partnering with Toolots in July 2016, Haida had limited international sales outside of Asia, the Middle East and Africa, according to Sean Xiao, Haida’s foreign trade executive. The U.S. market always caught their eye, he said, but it would have been expensive modifying existing models to match American specifications.

“How would we get the customers, and second, how would we provide after-sales service? These are two points that stopped us from getting into the U.S. market. And you solved this problem for us,” Xiao said.

Toolots engineers, based in Cerritos at the company’s headquarters, are currently training on Haida’s latest machines at their Ningbo factory to develop extensive product knowledge – all to provide better after-sales service and machine maintenance to American customers. Haida unveiled a new robotic system that nearly doubles production speed using their machines, according to Xiao, and is training Toolots engineers on the technology.

A member of the California-based Toolots engineering team builds and trains on a robotic device that greatly improves production speed to better serve U.S. customers.

Toolots helped Haida establish its legal, registered entity in the U.S., Himalia, and assists with ongoing branding and marketing efforts. The Toolots public relations/marketing and graphic design teams developed Himalia’s brand and provide critical market research data that guides Himalia in providing machinery that is in greatest demand domestically, and important specifications to match various state voltage requirements.

The Toolots team toured one of Haida's sprawling, modern factories during a recent visit to eastern China. Its cross-border business development and public relations/marketing team, headed by Toolots Director of Global Commerce Services Grant Montgomery and Director of Public Affairs Chris Foy on the U.S. side, and Product Manager Tony Chen with Toolots China, examined each step of Haida manufacturing process. The Toolots team met with Xiao in Ningbo to discuss future output and the impact of increased cooperation between China and the U.S. to provide highly engineered machinery at competitive prices.

“When we started our international trade, the U.S. was not our focus because if we sold there, we’d have had to change a lot out of the machines; it would take a lot of time and be very expensive to do that,” Xiao said. “With this new thinking (and partnership with Toolots), we are taking this time to develop another standalone machine, and we will be able to sell more machines.”

In late 2016, Toolots Chief Executive Officer and Founder Jason Fu signed an agreement with Haida's chief executive Jiang Zhongding to partner with the company, the second-largest manufacturer of plastic injection molding machines in China, to enter the U.S. market. Before partnering with Toolots, Haida’s product reach included Southeast and Central Asia, South America and 10 other countries, but the company saw an opportunity in expanding foreign sales. Haida's chief executive pointed out during the July 2016 signing ceremony that cooperation is essential to expand not only the international influence and reach of industrial manufacturing enterprises, but also to help solve the traditional manufacturing industry’s lack of effective online sales.

The agreement with Toolots was the first of its kind entered by Haida, according to Zhongding. Haida is utilizing Toolots as a complete warehousing logistics solution for fulfillment, after-sales machinery maintenance provider, and Toolots works directly with U.S. customers to sell, market, distribute and service Haida and Himalia’s plastic injection molding machines.

Haida Foreign Trade Executive Sean Xiao discusses how the company's machines can create finished products like this one, faster than competing companies.

As the product development and engineering processes at Haida wrap up and, both companies are training and testing the machinery to ensure American customers have the best possible experience with the industrial manufacturing equipment. Feedback from U.S. manufacturers will guide future efforts, and Toolots’ engineering team can provide service nationwide to ensure machinery is up and running.

“We feel it’s a great opportunity, this partnership with Toolots. In the future, I think we will have a lot of work,” Xiao said.

About Toolots

Toolots, headquartered in Cerritos, California, offers an online marketplace and international distribution channel for factory-direct industrial tools, machinery, and technology. The user-friendly platform provides fast, easy access to high-quality, affordable equipment to manufacturers. Toolots provides comprehensive services for companies around the world who produce industrial machinery and equipment, helping streamline the marketing, omni-channel sales, warehousing, fulfillment and after-sales service. On the customer end, Toolots simplifies the purchase, delivery, installation and warranty of industrial technology, machinery and components, and upholds product quality through a vetted network of vendors and service technicians. The company’s dedication to fostering international trade relations passes on cost savings to the consumer, contributes to reduced downtime, improves productivity and expands a manufacturer’s reach. Toolots has strategically located warehouses, showrooms, and offices across the United States, China and as of May 2017, has expanded into Taiwan. For more information visit us online at www.toolots.com.

Part of the company’s ongoing expansion, Toolots Taiwan will help serve international community

Toolots signed documents securing a new facility in Taiwan to better serve the global industrial machinery and equipment market

TAIWAN – April 20, 2017 – As part of the ongoing growth of Toolots, Inc., the company is expanding its global reach with the addition of a new facility in Taiwan. This week the company signed documents securing a new Taiwan office and creation of Toolots Taiwan, helping to better serve the international community and boost the marketing, sales and fulfillment of products from around the world, including United States-made industrial equipment and tools, throughout the region.

Toolots Chief Executive Officer Jason Fu said the new location will employ six full-time employees, adding, “They will work with our international team to build the Toolots brand and help to better locate, market, sell and deliver industrial products from all over the world, including the United States and Asia.”

Fu said, “This Taiwan office is a symbol that Toolots is growing fast, but we are growing intelligently. There is great demand in Asia for American-made industrial equipment and with this new location, and Toolots will be able better serve its international customers and fulfill orders for those in-demand products.”

Likewise, the Toolots Taiwan business development team will coordinate with leadership at the company’s California-based headquarters to identify Asian products that are in high demand within the U.S.

About Toolots

Toolots, headquartered in Cerritos, California, offers an online marketplace and international distribution channel for factory-direct industrial tools, machinery, and technology. The user-friendly platform provides fast, easy access to high-quality, affordable equipment to manufacturers. Toolots’ comprehensive services streamline the purchase, delivery, installation and warranty of industrial technology, machinery and components, and uphold the quality of important goods through a vetted network of vendors and service technicians. The company’s dedication to fostering international trade relations passes on cost savings to the consumer, contributes to reduced downtime, improves productivity and expands a manufacturer’s reach. Toolots has strategically located warehouses, showrooms, and offices across the United States and China. For more information about Toolots, visit their website at www.toolots.com.

###

Robert Zhang brings over 20 years of keen fiscal management to Toolots, Inc.

CERRITOS, Calif. - March 23, 2017 - A veteran financial services director has joined Toolots, Inc. as its new chief financial officer, the California-based company announced this week. Robert Zhang, who has more than 20 years of experience within the financial services industry in the United States and Asia, was selected to fill the position after careful consideration of his unique vision for Toolots including rapid yet sustainable growth, additional training and focus on fiscal operations to support the business model.

Mr. Zhang has a long history of bringing his expertise to wide-ranging enterprises and helping lead them toward greater financial success. He co-founded Pandtong Capital Limited, a qualitative portfolio-trading firm based in Hong Kong, and for nearly 20 years prior served as the managing director for Morgan Stanley and J.P. Morgan Chase as its head of Asia equity technology. At Morgan Stanley, Mr. Zhang was responsible for the development of technology for various trading markets and personally hired and trained over 300 developers over the course of 3 years to support sustained growth at the company.

As an integral member of the Toolots executive management team, Mr. Zhang will help to formulate the company’s future direction and put it into play through specific, tactical initiatives. Through implementation of best practices developed over his vast experience managing financial operations in multiple countries, he will help streamline the company’s internal functions to increase profitability and efficiency.

Mr. Zhang is a graduate of Shenzen University in China, where he earned his business degree,  and received a Bachelor’s in computer science from the University of North Carolina at Charlotte. Stay tuned for additional updates in the coming days as the Toolots executive team continues to grow.

About Toolots

Toolots, headquartered in Cerritos, California, offers an online marketplace and international distribution channel for factory-direct industrial tools, machinery, and technology. The user-friendly platform provides fast, easy access to high-quality, affordable equipment to manufacturers. Toolots’ comprehensive services streamline the purchase, delivery, installation and warranty of industrial technology, machinery and components, and uphold the quality of important goods through a vetted network of vendors and service technicians. The company’s dedication to fostering international trade relations passes on cost savings to the consumer, contributes to reduced downtime, improves productivity and expands a manufacturer’s reach. Toolots has strategically located warehouses, showrooms, and offices across the United States, as well as in mainland China, Taiwan, and Hong Kong. For more information about Toolots, visit their website at www.toolots.com.

###

T18 Capital, Inc. to invest significant capital following successful fundraising venture

CERRITOS, Calif. – March 7, 2017 – Toolots, Inc., a California-based online distributor of industrial machinery, tools and technology, entered an agreement with an investment firm Tuesday to inject capital into the enterprise following completion of a successful fundraising campaign. Members of the Toolots Board of Directors, including Founder, Chief Executive Officer and Board Chairman Jason Fu, were on hand to sign the agreement, which injects a significant yet undisclosed amount of capital into the enterprise.

Toolots partnered with T18 Capital, Inc. for the fundraising venture, which will help support the company’s initiative to enter sales agreements with more than 100 American manufacturing companies by the year’s end. So far in 2017, Toolots has achieved over 20 percent of that goal, partnering with small to medium-sized manufacturers based in the United States to distribute their products both domestically and internationally.

About Toolots

Toolots, headquartered in Cerritos, California, offers an online marketplace and international distribution channel for factory-direct industrial tools, machinery, and technology. The user-friendly platform provides fast, easy access to high-quality, affordable equipment to manufacturers. Toolots’ comprehensive services streamline the purchase, delivery, installation and warranty of industrial technology, machinery and components, and uphold the quality of important goods through a vetted network of vendors and service technicians. The company’s dedication to fostering international trade relations passes on cost savings to the consumer, contributes to reduced downtime, improves productivity and expands a manufacturer’s reach. Toolots has strategically located warehouses, showrooms, and offices across the United States and China. For more information about Toolots, visit their website at www.toolots.com.

CERRITOS, Calif. - Feb. 23, 2017 - Toolots is pleased to announce the sale of the first United States manufactured product offered on our online marketplace, following the launch of our Made in USA network earlier this year. The sale was for a MS100 Media Separator, part of Cyclone Manufacturing’s dust collector line. Based in Southwest Michigan, Cyclone Manufacturing has over 40 years of experience and expertise in the industry and proudly engineers and manufactures sandblasting equipment and supplies. As a company we are excited to see our vendors succeed, and to delighted to know the manufacturing industry in the U.S. continues to grow.