China, Japan, and Germany establish a joint venture for machine tools in China

Introduction: It breaks the previous situation where Japanese machine tool companies invested cautiously to prevent technology loss, which is conducive to the popularity of foreign machine tool brands in China and the rapid expansion of the Chinese market. It will also be beneficial for China to introduce advanced foreign production technology. The three parties have also decided to continue expanding into emerging countries and markets in Japan, the United States, and Europe in the future

Recently, Japan's large machine tool company Mori Seiki Manufacturing Co., Ltd., China's largest machine tool company Shenyang Machine Tool Co., Ltd., and Germany's largest machine tool company GILDEMEISTERAG have decided to establish a joint venture in China to produce machine tools at a ratio of one-third each.

It breaks the previous situation where Japanese machine tool companies invested cautiously to prevent technology loss, which is conducive to the popularity of foreign machine tool brands in China and the rapid expansion of the Chinese market. It will also be beneficial for China to introduce advanced foreign production technology. The three parties have also decided to continue expanding into emerging countries and markets in Japan, the United States, and Europe in the future.

The task allocation of the joint venture company has been determined. GILDEMEISTERAG is responsible for design and development, Shenyang Machine Tool is responsible for production, and Senjing Machinery is responsible for sales and service to strengthen cooperation. We mainly manufacture small machine tools for producing electronic products such as smartphones and computers, as well as automotive components, with a preliminary monthly production of 100 units.