14:02 | 07/05/2014 Companies
(VEN) - In the first four months of the year, Rang Dong Light Source and Vacuum Flask Company (Rang Dong) registered 12 scientific programs and initiatives related to improving corporate management and cost reduction for bonuses; and export sales equivalent to 50 percent of last year’s total export sales. The company continues to be appreciated in scientific application for sustainable development.
Rang Dong’s high speed LED welding equipment
application for sustainable development.
According to Rang Dong Deputy General Director Vuong Bich Son, Rang Dong had seven scientific programs registered for bonuses of VND330 million in January 2014, and the number was 12 till the end of April. Some of these programs have been appreciated such as silver plated vacuum flask, increased vacuum flask output, increased three spectrum fluorescent powder quality.
For example, the silver plated vacuum flask program has helped reduce the amount of used silver by 16 percent for 1-liter flasks, and 23 percent for 2-liter and 3.2 liter flasks, saving VND500 per flask. Thus, in the first four months of 2014, Rang Dong saved up to VND2.335 billion. The increased three spectrum fluorescent powder quality program helped Rang Dong export 1.8 million fluorescent lamps in accordance with the requirements of the Republic of Korea based Kumho, saving up to VND900 million from foreign material import.
Rang Dong General Director Nguyen Doan Thang said “Scientific application has been boosted for 20 years. The company decided to set aside about two percent of annual revenue for scientific development investment for the 2011-2015 period, and 20 percent of annual profit after tax for scientific researches.”
Rang Dong decided to develop LED products for the 2011-2015 period, considering these products as key to green lighting solutions.
Early 2014, Rang Dong put in production a new led-electronics lighting device workshop. Currently, it is trying to quickly introduce LED products to domestic markets and promote LED product exports to some foreign companies including Haier and Sanyo.
In the first four months of 2014, Rang Dong reached US$6.34 million in exports, a 2.8 fold increase over the same period last year and equivalent to 50 percent of the total export revenue last year.
“Rang Dong will continue to promote scientific development via movements such as the Young Creative Scientist Festival which has become an annual activity and registered increased numbers of scientific initiatives,” Vuong Bich Son said./.
By Phuong Tam