Qinchuan Machine Tool established a subsidiary to accelerate the high-quality development of reducers

Recently, Qinchuan Machine Tool announced that according to the needs of the company's development strategy, the company plans to use part of the operating assets related to the robot reducer business and cash investment to establish a wholly-owned subsidiary, Shaanxi Qinchuan High Precision Transmission Technology Co., Ltd. (tentative name, subject to the final industrial and commercial registration name), with a registered capital of 100 million yuan. Personnel related to the robot reducer business will be transferred to the new company.

The announcement shows that the registered address of the wholly-owned subsidiary is located at Qinchuan Precision Parts Industrial Park, No. 34, Jufu Road, Weibin District, Baoji City. Its business scope includes the research and development, production, sales, and services of industrial robots and their parts and high-precision transmission products; self-operation and agency of import and export of various goods and technologies.

Qinchuan Machine Tool said that this investment is to thoroughly implement the national "14th Five-Year Plan for the Development of the Robot Industry" and accelerate the high-quality development of the company's robot reducer industry. Through relatively independent technology research and development, production operations and market development, the industrialization of high-end manufacturing transmission products represented by robot joint reducers is realized, which is in line with the company's "5221" development strategy.

At the same time, this investment will help the company to establish its own brand image, goodwill, reputation, etc. in the robot joint reducer business field on the basis of developing its main business, thereby further strengthening the group's core competitiveness and improving the company's product market share and overall profitability.