Dalian Machine Tool Group and Huazhong CNC form a joint venture company

Dalian Gaojin Numerical Control Co., Ltd., a joint venture between Dalian Machine Tool Group and Wuhan Huazhong CNC, recently held a company shareholder meeting, board of directors and board of supervisors in Dalian to study and determine the company's development strategy. The organization and operation of the joint venture company is 70% owned by Dalian Machine Tool. Huazhong CNC holds 30% of the shares. It is reported that Huazhong CNC has sent the new technology to the new company for R&D and technical support. Dalian Machine Tool will accelerate the transformation and improvement of Huazhong CNC into the CNC system technology of Dalian Gaojin Company. Increase marketing efforts, and promote the sales of Dalian CNC brand (using Huazhong CNC technology) 6 kinds of domestic CNC system and 5 kinds of full range of digital AC servo in domestic machine tools and other industries, providing advanced domestic CNC system for domestic machine tool industry. At the same time, the company will jointly improve the independent development capability with Huazhong CNC, accelerate the research and development and improvement of high-end CNC systems such as five-axis and multi-channel, improve the technical level of Dalian CNC products, and realize product technology upgrade. Dalian Gaojin Numerical Control Co., Ltd., a joint venture between Dalian Machine Tool Group and Wuhan Huazhong CNC, recently held a company shareholder meeting, board of directors and board of supervisors in Dalian to study and determine the company's development strategy, organizational structure and operational mechanism.

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