China's largest manufacturer and supplier of heavy-duty vehicle transmissions - Shaanxi Fast Gear Co., Ltd. (hereinafter referred to as "Fasâ€) and Caterpillar Inc., a Fortune 500 company, solemnly on April 8, 2011 16 At 30:00, Shangri-La Hotel, Xi’an, Shaanxi announced that after friendly negotiations, the two parties established a joint venture named Xi’an Shuangte Intelligent Transmission Co., Ltd. to develop and produce a full range of highway commercial vehicle heavy-duty hydraulic automatic transmissions (ATs) and other export parts to fully satisfy Demand for hydraulic automatic transmissions at home and abroad.
Fast and Caterpillar established a joint venture between Xi'an Shuangte Intelligent Transmission Co., Ltd.
On the evening of the same day, Shaanxi Fast Holding's controlling shareholder (holding 51%) Weichai Power Co., Ltd. (hereinafter referred to as Weichai Power, 2338.HK, 000338.SZ) issued the above issues on the Hong Kong and Shenzhen Stock Exchanges respectively. Related announcements.
According to the announcement, the registered capital of Xi'an Shuangte was RMB 500 million, of which Shaanxi Fast invested RMB 255 million, accounting for 51%; Caterpillar invested RMB 225 million, accounting for 45%; Shaanxi Fast Automobile Transmission Group Limited The responsible company contributed 20 million yuan, accounting for 4%.
After successfully merging the Hunan Torch on the A-share market on April 30, 2007, Weichai Power Co., Ltd. has seized the opportunity of domestic economic restructuring to continuously deepen product structure and promote industrial optimization and upgrading.
In recent years, through the series of strategic initiatives such as the Yangzhou Diesel Engine Plant, one of Weichai Power's core products, the engine has covered a full range of 2-33L products in advance, providing a more comprehensive building for the company's powertrain (engine, gearbox). The new pattern of coordinated development of the three major industrial sectors, vehicle and bridge, vehicle, automotive electronics and parts and components has laid a solid foundation for the most complete and competitive industrial chain in the nation's commercial vehicle industry.
The controlling subsidiary Shaanxi Fast, holding Caterpillar and Xi'an Shuangte, has entered the heavy-duty hydraulic automatic transmission field. For Weifang Diesel, the strategic significance is self-evident.
Through the introduction of Caterpillar advanced CX series heavy-duty hydraulic automatic transmission technology, Xi'an Shuangte will not only fill the gap in the production of domestic heavy-duty hydraulic automatic transmission (AT), but also will completely rely on the current domestic heavy-duty hydraulic automatic transmission (AT) Import pattern. More importantly, through the establishment of a mutually beneficial and mutually beneficial cooperative development relationship with Caterpillar, the company is expected to rapidly expand Shaanxi Fast's leading dominance in the field of mechanical transmissions into the automatic transmission market. Enter a broader vehicle market to broaden the road.
According to public information, Shaanxi Fast is China's largest large-scale specialized production enterprise and export base mainly for heavy-duty automobile transmissions, automobile gears, and castings and forgings. Its total assets exceed RMB 10 billion and it is built in Xi’an, Baoji and Xianyang. There are five major production bases, integrating scientific research, development, manufacturing, and sales. It has formed an annual production and sales capacity of 1 million automobile transmissions, 50 million gears, and 100,000 tons of automotive forgings. The automotive transmission products are in the 4th to 20th gears. The market has achieved full coverage and has extensive customer base and market recognition at home and abroad. In 2010, the production and sales revenue of Fast Group broke through 12 billion yuan and became the first enterprise in the gear industry to produce over 10 billion yuan in sales. All operating indicators ranked first in China's gear industry for nine consecutive years, and annual sales of heavy-duty transmissions have ranked first in the world for five consecutive years. The domestic market share reached 80%, and the market had more than 3 million units.
However, at present, all of Shaanxi Fast's products are still in the field of mechanical transmission. Through the strong alliance with Caterpillar, the joint venture company will be able to give full play to Caterpillar's technological leadership and Shaanxi Fast. Comprehensive competitive advantage in manufacturing, cost control, customer development, market branding and sales services. Complementing each other's advantages will help break the monopoly of foreign companies in the domestic heavy-duty hydraulic automatic transmission market, and accelerate the development of domestic automatic transmissions through learning, innovation, and promotion.
During the "12th Five-Year Plan" period, China's economy is still growing steadily, which lays a solid foundation for the sustainable development of the automotive industry. The heavy-duty hydraulic automatic transmission (AT) will usher in a golden period of rapid growth in the next few years. At present, the automatic transmissions (ATs) installed in domestic commercial vehicles are all dependent on imports. With the development of urban public transport and tourism, the proportion of passenger cars equipped with AT automatic transmissions will increase by 20% in the next few years. 10 After years, the proportion of passenger cars equipped with AT is expected to rise to 50%, and will be expanded to high-end heavy trucks, terminal tractors, off-road vehicles and other specialty vehicle market segments. The future market is huge.
According to the agreement between the two parties, Xi'an Shuangte settled in Xi'an Hi-tech Zone, covering an area of ​​264 mu. The total investment before and after the project will reach RMB 1 billion. After reaching production capacity, the company can form an annual production capacity of 120,000 sets of heavy-duty hydraulic automatic transmission (AT) and 1.5 million engineering machinery parts and components, achieving an annual sales income of more than 10 billion yuan. The first phase of the project is expected to be completed by the end of 2013.
Kids Trampoline,Black Trampoline,Black Trampoline With Net,8Ft Trampoline
Jiangsu Baoxiang Sports Equipment Co., Ltd , https://www.skyboundtrampoline.com