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Manufacturing industry news
News Release from: Cincinnati Machine
Edited by the Manufacturingtalk Editorial
Team on 07 October 2003
Cincinnati Lamb forms a Chinese alliance
Cincinnati Lamb, of Unova Industrial Automation Systems, has formed a strategic alliance agreement with China's Shenyang Machine Tool Co.
Cincinnati Lamb, of Unova Industrial Automation Systems, has formed a strategic alliance agreement with China's Shenyang Machine Tool Co to cooperate on future business opportunities globally
This article was originally published on Manufacturingtalk on 12 Mar 2003 at 8.00am (UK)
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The new alliance expands Cincinnati Lamb's and Shenyang's capacity for supplying machine tools and systems to China's rapidly expanding manufacturing industry.
The agreement also provides a competitive advantage for growing incremental business in markets outside of China by utilizing the expertise, resources and experience of both businesses.
The companies will collaborate by sharing technical information and process knowledge while leveraging Cincinnati Lamb's system integration, assembly, qualification and installation expertise, with Shenyang's manufacturing, sales and service capabilities.
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Shenyang Machine Tool Co.
is the largest manufacturer of machine tools in China, having supplied over 450,000 machines to China's manufacturing industry.
The company builds over 300 varieties of machine tools, controls and accessories.
It has 120 sales offices in China as well as an international presence.
Shenyang's modern machine tool factories and support network are strategically located to serve the diverse manufacturing industry in China.
Prior to the 2002 merger of Cincinnati Machine and Lamb Technicon, both companies had done business in the Chinese market, according to Jim Herrman, Corporate Senior Vice President and Group Executive, Unova Industrial Automation Systems.
Lamb has produced high-production machines for China's automotive manufacturing industry in the past, while Cincinnati has remained the brand of choice for aerospace solutions for more than two decades.
"We expect this alliance to open many new opportunities for both Cincinnati Lamb and Shenyang," said Herrman.
"Shenyang has a reputation for machine tool excellence within China.
This alliance best utilizes the strengths and capabilities of both companies to serve the needs of China's rapidly growing manufacturing industry while creating new efficiencies that can be beneficial to manufacturers anywhere in the world." The Chairman of the Shenyang Machine Tool Company Co., Chen Huiren said, "The alliance between the Shenyang Machine Tool Company and Cincinnati Lamb provides more opportunities for both parties.
It will have a promising future.
The closer tie of the two strong companies will benefit both parties in the domestic China market and the world markets." Mr.Chen also emphasized that the alliance was following the world trend of collaboration among manufacturers.
It is the way through which the two companies will gain additional benefits.
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