Worldwide Energy and Manufacturing USA Inc. (WEMU.OB)

Posted: Fri Sep 05, 2008 8:35 am

Worldwide Energy and Manufacturing USA Inc. is an engineering and quality control firm specializing in manufacturing products for customers in the solar energy, aerospace, wireless telecommunications, medical equipment, and automotive industries. Worldwide has established relationships with factories in China and arranges for the manufacture of components and goods for its customers.

Worldwide primarily works with a select group of factories located around Shanghai, China. To ensure that the products meet international standards, all of the active subcontractors have earned the International Standard Organization-9000 certification. The certification is issued to a factory after its management has received the required training. Because of its strong business relationships with manufacturers in China, Worldwide is able to significantly reduce its customers’ manufacturing costs while maintaining a high level of quality. In some instances, Worldwide has been able to negotiate a savings of up to 50%.

Worldwide currently manufactures components and products for over 100 companies in the United States. The company has a staff of engineers at a subsidiary in Shanghai that supervises all aspects of the manufacturing process. The Worldwide engineers provide technical advice, write the production and inspection procedures, conduct material audits and quality control services, and perform in-progress and final inspections.

Worldwide is able to provide sales, management, production control, and technical support while its subcontractors concentrate on plant, equipment, manufacturing working capital and factory labor. This business model allows Worldwide to concentrate on acquiring new business and the subcontractors to only concentrate on manufacturing the products. As Worldwide prospers with an expanding customer base, the subcontracts are able to expand and prosper as well.