Within two days, two major projects of Nabtesco Co., Ltd. have settled in Wujin. Following the grand foundation laying of Nabtesco JinChuang Track Equipment Co., Ltd. in Wujin High-tech Zone, the project of Nabtesco Hydraulic Co., Ltd., a joint venture between Nabtesco Co., Ltd. and Shanghai Electric Hydraulic Pneumatic Co., Ltd., also settled in Wujin. On the afternoon of July 19th, the Jiangsu Nabtesco Hydraulic Co., Ltd. project held a signing ceremony at Xingguo Hotel in Shanghai. Wujin District leaders Zhou Bin and Jiang Feng attended the signing ceremony.
Shanghai Electric Group is one of the largest enterprise groups in China's equipment manufacturing industry. Since the 1990s, the Group's sales revenue has always ranked first in the national equipment manufacturing industry. Shanghai Electric Hydraulic Pneumatic Co., Ltd. is affiliated to Shanghai Electric Group. The company has successively established Shanghai Sauao Hydraulic Transmission Co., Ltd., Shanghai Nabtesco Hydraulic Co., Ltd., Shanghai Arnest Iwata Coating Machinery Co., Ltd.
Nabtesco Co., Ltd. is a Japanese company with a high reputation in the field of advanced equipment manufacturing and has a high market share in railways, construction machinery, industrial robots, automatic doors, large trucks, and automatic packaging machines. Its leading technology, excellent quality and first-class service rank among the top companies in Japan and the world.
Shanghai Electric Group and Nabtesco Co., Ltd. have extensive cooperation foundation. Shanghai Nabtesco Hydraulics Co., Ltd. was established in 1996. It is a joint venture between Nabtesco and Shanghai Electric, Komatsu Manufacturing Co., Ltd. and Japan Shuangri Corporation. It is a company with advanced processing and testing capabilities in the world. The Sino-Japanese joint venture, the main product is a hydraulic walking and slewing motor integrating deceleration devices and hydraulic devices. It is currently the world's most advanced level of products, being domestic excavator manufacturers (including Liugong, Yuchai, etc.) Widely used, the market share is first, and annual sales have reached 2 billion yuan.
With the rapid development of the domestic construction machinery industry, the market demand for hydraulic motors continues to expand. Nabtesco Co., Ltd. and Shanghai Electric Hydropneumatic Co., Ltd. jointly decided to set up a joint venture company and set up the Jiangsu Nabtesco Hydraulic Co., Ltd. project in Wujin Hi-tech Zone. The first-phase registered capital of the project is US$40 million. It is planned to begin construction in September this year and put into operation in 2012. After the completion of the project, annual sales will reach 2.5 to 3 billion yuan, thus becoming Nabtesco and Shanghai Electric. China's largest hydraulic motor production base.
Zhou Bin, Secretary of the Wujin District Committee, expressed his warm congratulations on the successful signing of the project. He said that in recent years, Wujin has comprehensively accelerated the industrial transformation and upgrading, vigorously developed "five emerging industries" such as advanced equipment manufacturing, electronic information, new energy and environmental protection, new materials, biomedicine and medical equipment, and the economy and society have always maintained a good Rapid development. It has introduced more than 700 foreign-invested companies and 13 Fortune 500 companies including Sumitomo Electric, Nabtesco, and pigeons, as well as dozens of industry giants such as Lite-On, Jingyuan, Yuchai and Liugong. Invisible champions of the industry have also settled in Wujin.
Zhou Bin pointed out that the strong alliance between Nabtesco and Shanghai Electric and their joint investment in Wujin are fully affirmations of Wujin’s investment environment. At present, Wujin Zheng is closely following the new blueprint of the “Twelfth Five-Year Plan†and is striving to promote industrial transformation and upgrading. The advanced equipment manufacturing industry is expected to be the first 100 billion-class industry in the emerging industries in our region. The project will further improve Wujin's modern equipment manufacturing industry chain, further improve its industrial level, and further expand its influence in the industry, which will enable Wujin to take a solid step toward the goal of building an important advanced manufacturing base in the Yangtze River Delta.
Zhou Bin stated that the Wujin District Party Committee and the District Government will continue to give strong support and close cooperation to the project construction, help enterprises solve various difficulties and problems in a timely manner, strive to create the best external environment for the development of the enterprise, and start the project as soon as possible. Early production and early fruitful results provide strong protection. He hoped that both parties would make positive contributions to Wujin's economic and social development while working together to create new glories for the company.
Shanghai Electric Group is one of the largest enterprise groups in China's equipment manufacturing industry. Since the 1990s, the Group's sales revenue has always ranked first in the national equipment manufacturing industry. Shanghai Electric Hydraulic Pneumatic Co., Ltd. is affiliated to Shanghai Electric Group. The company has successively established Shanghai Sauao Hydraulic Transmission Co., Ltd., Shanghai Nabtesco Hydraulic Co., Ltd., Shanghai Arnest Iwata Coating Machinery Co., Ltd.
Nabtesco Co., Ltd. is a Japanese company with a high reputation in the field of advanced equipment manufacturing and has a high market share in railways, construction machinery, industrial robots, automatic doors, large trucks, and automatic packaging machines. Its leading technology, excellent quality and first-class service rank among the top companies in Japan and the world.
Shanghai Electric Group and Nabtesco Co., Ltd. have extensive cooperation foundation. Shanghai Nabtesco Hydraulics Co., Ltd. was established in 1996. It is a joint venture between Nabtesco and Shanghai Electric, Komatsu Manufacturing Co., Ltd. and Japan Shuangri Corporation. It is a company with advanced processing and testing capabilities in the world. The Sino-Japanese joint venture, the main product is a hydraulic walking and slewing motor integrating deceleration devices and hydraulic devices. It is currently the world's most advanced level of products, being domestic excavator manufacturers (including Liugong, Yuchai, etc.) Widely used, the market share is first, and annual sales have reached 2 billion yuan.
With the rapid development of the domestic construction machinery industry, the market demand for hydraulic motors continues to expand. Nabtesco Co., Ltd. and Shanghai Electric Hydropneumatic Co., Ltd. jointly decided to set up a joint venture company and set up the Jiangsu Nabtesco Hydraulic Co., Ltd. project in Wujin Hi-tech Zone. The first-phase registered capital of the project is US$40 million. It is planned to begin construction in September this year and put into operation in 2012. After the completion of the project, annual sales will reach 2.5 to 3 billion yuan, thus becoming Nabtesco and Shanghai Electric. China's largest hydraulic motor production base.
Zhou Bin, Secretary of the Wujin District Committee, expressed his warm congratulations on the successful signing of the project. He said that in recent years, Wujin has comprehensively accelerated the industrial transformation and upgrading, vigorously developed "five emerging industries" such as advanced equipment manufacturing, electronic information, new energy and environmental protection, new materials, biomedicine and medical equipment, and the economy and society have always maintained a good Rapid development. It has introduced more than 700 foreign-invested companies and 13 Fortune 500 companies including Sumitomo Electric, Nabtesco, and pigeons, as well as dozens of industry giants such as Lite-On, Jingyuan, Yuchai and Liugong. Invisible champions of the industry have also settled in Wujin.
Zhou Bin pointed out that the strong alliance between Nabtesco and Shanghai Electric and their joint investment in Wujin are fully affirmations of Wujin’s investment environment. At present, Wujin Zheng is closely following the new blueprint of the “Twelfth Five-Year Plan†and is striving to promote industrial transformation and upgrading. The advanced equipment manufacturing industry is expected to be the first 100 billion-class industry in the emerging industries in our region. The project will further improve Wujin's modern equipment manufacturing industry chain, further improve its industrial level, and further expand its influence in the industry, which will enable Wujin to take a solid step toward the goal of building an important advanced manufacturing base in the Yangtze River Delta.
Zhou Bin stated that the Wujin District Party Committee and the District Government will continue to give strong support and close cooperation to the project construction, help enterprises solve various difficulties and problems in a timely manner, strive to create the best external environment for the development of the enterprise, and start the project as soon as possible. Early production and early fruitful results provide strong protection. He hoped that both parties would make positive contributions to Wujin's economic and social development while working together to create new glories for the company.
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