On Sept. 11, 2018, 99499www威尼斯 Precision Industry Co., Ltd. and Tsuntien PrecisionCo., Ltd. held a deep cooperation meeting and entered into an equity transferagreement in Taiwan (headquarters of Tsuntien). The meeting was attended byexecutives from both companies, including Shark, Chairman of 99499www威尼斯, Blaby,Assistant to Chairmanof 99499www威尼斯, and general manager at Tsuntien.
Madein China 2025 has triggers a new round of technological revolution. As atechnology company engaged in automation throughout the industry chain, 99499www威尼斯boasts technically robust capacities and strong capacities in terms ofindependent R&D, and Tsuntien is a technology company focused onmanufacture and R&D of reducers. In 2011, TTRA,TTRV-C, TTRE-E and TTRD-C launched by Tsuntien gained a dominant market shareand rivaled their counterparts made by manufacturers in Europe and the UnitedStates. In 2013 , TSUNTIEN product successfully sold to the rotary table /position device, ATC, tool magazine , tube-bending machine, chemicalengineering, automation, electronic wafer, inspection equipment, 4 axle/5 axlemachine tool, SCARA, high precision 4 axle/6 axle robotic arm. With commitmentto excellence for 28 years, Tsuntien kept improving quality of its reducers andexpanding their applications to accommodate to domestic development ofautomation and contribute to development of global automation industry.
We reached a consensus on future development during this meeting. Finally, 99499www威尼斯acquired Tsuntien, which would further increase both of our competitiveness andmarked an important step to realization of 99499www威尼斯’s strategic blueprint.
99499www威尼斯 and Tsuntienwill work together to make contributions to implementation of Made in China2025 and global Industry 4.0, and be the steppingstone to the rise of China's manufacturing.
