With the growth of international trade and engineering contract
business, Genertec has for many years been leveraging its core
competitiveness and resource profile to move upward the industrial
chain toward more advanced manufacturing. Through reorganization,
rip-off, joint equity or contractual investments, equity
transactions and takeovers, Genertec has further nurtured and
cemented its portfolios. Genertec,s subsidiaries are already
competitively equipped for bearings manufacturing and packaging.On
the back of powerful R&D, Genertec has also secured a technology
leadership and steadily growing market share with a strong
manufacturing capacity for special vehicles, especially heavy-duty
and high-end models.
CMC Bearing Co., Ltd, a manufacturing company invested and
managed by Genertec, is one of the backbone companies of bearing
manufacturing and export of China with both production capacity and
export volume ranking in the top list of manufacturers in this
industry of China. With its good profit, it is the first one in the
industry to get ISO9002, QS9000 and TS16969 certificates in China
and has been awarded ¡°Quality and Profit Excellence¡± for many time
by the former Ministry of Foreign Trade and Economic Cooperation and
¡°Advanced Enterprise¡± by Yantai Economic and Technology Development
Zone. It has made great contribution to the export of bearing from
China.
Yantai CMC Packing Products Co., Ltd. is a
Genertec-foreign joint venture in Yantai Economic and Technology
Development Zone, which has two manufacturing sites currently in
Yantai and Zhongshan. Its annual production capacity of soft plastic
pipes is 142 million pieces, which are widely applied in cosmetic,
pharmaceutical and food industries. It is one of the manufacturers
in China who have the most advanced equipment and technologies in
this industry.
China Automobile Engineering Research Institute (abbr. as CAERI)
of Genertec is actively drawing upon its expertise in special
purpose vehicles and critical components as well as innovative SUV
designs to develop new products. After a decade of experiments,
CAERI has seen its research findings initially paying off in such
areas as special purpose vehicles, fuel gas purpose vehicles and
components, auto simulation equipment, BOGIE of monorail transit. An
incubator covering around 80 mu in area and over 20,000 sqm in
construction space has been established, capable of producing 5,000
special purpose vehicles, 50,000 PTOs and 20,000 combustion engines
per annum.
Genertec holds shares of Shanghai Mitsubishi Elevator Co., Ltd, a
company of lift and elevator manufacturing and marketing. This
company manufactures lifts and elevators with the first class
technology in the world, which are sold favorably in both domestic
and international market. The market ratio of the products of the
company ranks among the best in China. It is now one of the most
famous elevator manufacturers with excellent performance record in
China.
Genertec is ready to optimize its resource allocation to
accelerate transformation and upgrading, while giving priority to
the development of advanced manufacturing, develop its core
competitiveness and reposition itself as an advanced manufacturer.