Just two months ago, Chongqing Electromechanical Group, which had swallowed a century-old European store (PTG UK) for 20 million pounds, will usher in a European joint venture partner next month. Yesterday, the reporter learned from the Municipal Development and Reform Commission that a joint venture between the German ZF Commercial Vehicle Division of the world’s top 500 companies and the Qijiang Gear Transmission Company under the Chongqing Electromechanical Group has made significant progress in the near future. The two parties will jointly invest an annual output value of 50 The 100 million yuan transmission production base has created the first brand of China's commercial vehicle transmission, and it will strive to formally sign a contract in June.
Cross-border marriages in June
"May Day ago, the two sides had made breakthroughs in the joint-venture negotiations." Yesterday, the Municipal Development and Reform Commission officials disclosed to reporters the latest developments.
At the beginning of this year, the “Sino-German Joint Working Group†consisting of the Chongqing Electromechanical Group, the German ZF Group, Hanjiang Gear, and local officials has jointly completed a feasibility study on investment decision-making. According to this, the ZF Group completed the internal Investment decision-making process. According to the contents of the negotiations, both parties will invest in a production base in Western Gear City of Chongqing's Qijiang County. The first-phase project will have a capacity of 300,000 transmissions. The estimated annual sales revenue will exceed 5 billion yuan.
Officials of the National Development and Reform Commission stated that the timetable for formal signing between the two sides was in June this year. The current progress of the work should be no problem. The official said that according to the plan, the joint venture company will introduce the world's most advanced technology to enable it to have a full range of R&D, manufacturing, sales, and service capabilities for commercial vehicle transmissions. At the same time, ZF Suzhou and ZF Hangzhou will have two factories. The products will also be introduced into Minjiang production.
Create a commercial vehicle transmission boss
"The purpose of complementing each other and combining strengths and strengths is to create the first brand of China's commercial vehicle transmissions in Chongqing." According to a person from the Industrial Park in Qijiang County, according to the plan of the Lancang River for the gear industry, the output value will reach 20 billion yuan by 2020. In 2009, the output value was less than 5 billion yuan.
ZF Group is a global supplier of automotive parts and components, specializing in the supply of transmission, steering, and chassis system components, with annual sales of 10 billion euros, ranking among the top 15 auto parts suppliers in the world, currently in Suzhou, Hangzhou, etc. There are a number of production plants in the area, and China is headquartered in Shanghai. The Chongqing Qijiang Gear Transmission Co., Ltd., established in 1928, is a well-known manufacturer of automobile gears and heavy-duty vehicle transmissions, and has ample right to speak in this field.
At present, there are more than 200 enterprises related to the size of gears and gears in Minjiang, which has a great impact on the market of commercial vehicle transmissions in China. Especially for passenger cars, 60% of the gears are produced on the Min River. The Lancang River has been awarded the title of “China Western Gear City†and the first national gear R&D center in the west is also being advanced.
It has been 25 years for both parties to "fall in love"
The historical origins of Ganjiang Gears and ZF can be traced back to 1985. At that time, Ganjiang Gears has started technical cooperation with ZF and introduced ZF's technology in transmission design, manufacturing and technology. Created the "China's first brand of passenger transmission" advantage. During this period, the two sides have been seeking to leapfrog from technical cooperation to capital cooperation and discussed intermittently, but all failed. Some sources pointed out that the focus of debate between the two sides is mainly on the issue of controlling shareholding, but this statement has not been confirmed.
"This century 'affairs' will soon be the result, of course, all happy." Municipal Development and Reform Commission officials said that with the restructuring of the domestic commercial vehicle market, heavy-duty trucks transmission, large-scale passenger car automatic transmission is increasing proportion, Through strong alliances, ZF will integrate ZF's first-class technology and manufacturing costs of dental caries and market channels to expand new product lines.
"Chongqing" transmission
Rising
With the participation of Germany’s ZF, Chongqing, as a “city of carsâ€, will take a step forward in the automotive transmission and other supporting systems. In June 2009, the Antonov company in the UK invested 30 million euros in a joint venture with Chongqing Lancome to create an annual production base of 200,000 automatic transmissions. At almost the same time, Chongqing Qingshan Industrial Co., Ltd. automatically The transmission is also mass-produced. Chen Xiaohong, general manager of Lanxun said that the transmission has always been a shortcoming of China's automobile manufacturing, but through joint ventures and cooperation with the world's giants and digestion and absorption at the same time, Chongqing is currently supporting transmissions for mini cars, cars, trucks, and passenger cars. Gradually self-sufficient, the transmission sector is rising.
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