Tyre Heavy Industries continuously expands new investment fields. Recently, China Unicom, Maanshan Iron & Steel Co., Ltd. and Maan City Government signed high-end equipment manufacturing base projects to enter the high-end equipment manufacturing industry with a total investment of 1.5 billion yuan.
Taier Heavy Industries Co., Ltd. is mainly engaged in the development and manufacturing of power transmission machinery products. The production and sales volume of industrial universal shafts, gear couplings, and shear blades rank first in the country. The company announced on May 5 that it plans to jointly invest with China Yizhong and Masteel to set up Mazhongshan Heavy CNC Machine Tool Co., Ltd., a company with a registered capital of 200 million yuan, of which Taier Heavy Industries invested 60 million yuan in cash, accounting for registration. 30% of capital. At present, the company has been established and has signed a high-end equipment manufacturing base project with Maanshan City Government. The project has a total investment of 1.5 billion yuan and a fixed assets investment of 1 billion yuan. After the project is completed and put into production, it will annually produce 15 heavy-duty sleepers, 30 heavy-duty vertical lathes (turning and milling complex machining centers), and 50 heavy-duty floor-standing milling and boring machines, achieving an annual production value of 15.4. 100 million yuan and profit 150 million yuan.
Taier Heavy Industry stated that the production and processing of the company's heavy-duty universal shafts and large-size shaft couplings requires special equipment for numerical control. The implementation of this project enables the company's capital to diversify its investment and improve the company's ability to resist risks and the use of funds; Sub-investment is an opportunity to target high-end heavy-duty machine tool industries and technologies, consolidate and strengthen the company's industry status and core competitiveness.
In addition to entering the high-end equipment manufacturing industry, Taier Heavy Industry, which has only been listed for more than one year, has been active since the beginning of this year, and has continuously expanded its investment scope through mergers and acquisitions. In January of this year, the company announced that it had invested 24.0805 million yuan to acquire 139.7376 million shares of Shaoxing Tengli Machine Tool Co., Ltd. held by Harbin Tianyuan Automation Control Technology Co., Ltd.; it had also intentionally acquired the controlling shareholder of Ruiji (Maanshan) Transmission Machinery Co., Ltd. a few days ago. The 79.34% stake held by Ms. Mei Hong. The two companies are mainly responsible for the upstream and downstream products of Taier Heavy Industry. Through the acquisition, they can expand the development of Tyre Heavy Industries in the industry, improve the company's brand awareness and market share, and penetrate the company's products into the international market, creating an international industry. First-rate brands lay the foundation.
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