The world's three largest machine tool giants to promote industrial upgrading

On April 20th, the world’s three major machine tool companies—Shenyang Machine Tool, Mori Seiki of Japan, and Gitmai of Germany jointly announced the news. The three parties reached a cooperation to establish a joint venture in Shenyang to address the changes in the world’s machine tool industry and the needs of Chinese machine tool upgrades. The joint venture mainly develops new machine tool products for the high-end market demand and jointly promotes the upgrade of the machine tool industry.

This is the first cooperation among the world's three well-known machine tools. The precision machining centers produced are high-end machine tools, which mainly meet the processing needs of home electronic products and automotive precision parts.

The tripartite cooperation of well-known enterprises in the world machine tool industry will accelerate the pace of promoting Shenyang to build a world-class advanced equipment manufacturing base.