Schaeffler Group and Nanjing High Accurate Drive Equipment Manufacturing Group Co., Ltd. (hereinafter referred to as NGC ) signed strategic cooperative agreement in Nanjing recently. Mr. HU Yueming, the Chairman of NGC and Dr. GOU Jianhui, Managing Director of Schaeffler Group Greater China, presented and signed the strategic cooperative agreement on behalf of the two parties.
As a world-renowned manufacturer, NGC s products cover a large number of industrial sectors including metallurgy, construction, wind power, shipping, railway transportation and so on. Being highly competitive, NGC is now a leader in Chinese transmission equipment market. Bearing is a key part in transmission equipment and plays an indispensable and paramount role in the industry. As a leading manufacturer of roller bearings and linear products worldwide, Schaeffler possesses advanced R&D and manufacturing technology for bearings, having advanced experience in transmission industry. The two parties believe that the signing of this strategic cooperative agreement will provide a solid foundation for the win-win result and thus promoting the progress of the two enterprises with the industry.
According to the agreement, Schaeffler and NGC will enhance the comprehensive strategic agreement in the near future, including several modes of cooperation such as providing products and service for current projects and the R&D for new projects. Besides enhancing the cooperation in the traditional fields of NGC such as metallurgy, construction, shipping, railway transportation, the two parties will focus on the wind power industry.
With the macro policy of energy-saving and emission-reduction , Chinese wind power market has enjoyed tremendous growth in the past five years. Up to the end of 2009, the increased installation volume in China has already topped 1st across the world. A total of 3 Chinese domestic wind powered generator manufacturers are among top 10 all over the world. Positioning to high-end market, NGC wind powered gearboxes base itself on China, and are geared to the needs of the world. NGC has deep cooperation with main wind powered gearboxes manufactures such as Vestas, GE, Suzlon, Repower, Sinovel, Goldwind, and Dongfang Steam Turbine, etc.
Schaeffler Group Industrial has more than 30 years successful experience in the wind power industry, always maintaining close cooperative relationship with world-leading wind powered manufactures such as Winergy, Hansen, Bosch, Moventas, etc. The cooperation between the two powers will not only enhance the competitive strength of NGC, but also strengthen Schaeffler Group s leading position across the world and in Chinese wind power industry , expresses Dr. GOU Jianhui, Managing Director of Schaeffler Group Greater China, The signing of this cooperative agreement demonstrates the common will and confidence of the two parties for a more comprehensive and deeper cooperation.
Source Schaeffler Group
