Qinchuan Machine Tool Group Co., Ltd. (former Qinchuan Machine Tool Works) is one of the key enterprises in machine tool industry of China. In 1965, it was split from Shanghai Machine Tool Works, and moved to Baoji city of Shaanxi province.In 1995, it was renamed as Qinchuan Machine Tool Group Co., Ltd.In 1998, Shaanxi Qinchuan Machinery Development Co., Ltd. was founded by its holding company Qinchuan Machine Tool Group Co., Ltd. as the major initiator and it was listed in Shenzhen Stock Exchange.In October 2001, Qinchuan Machine Tool Group Co., Ltd. achieved debts transformation into stocks successfully. Four financial capital management corporations became the new stockholders, for example, China Huarong, so that the stockholder of our company was diversified.Up to now, this company has already developed into a large- size group corporation with modern enterprises policy from an original inland factory. It possesses total assets of 1.1 billion R.M.B. and has 16 control companies or share companies. At present, this company has 2588 employees in its headquarter of Baoji city. Among them, there are 2 doctors and 40 masters. And there are totally 938 technical personnel of all kinds of specialties, which take up 36% of total employees. It possesses a large number of qualified technical, managerial and productive talents.The complex economic index of our company has been increasing steadily for the past 20 years. In the year 2001, our sales income was 533 million R.M.B. and the profits were 12.45 million R.M.B. The complex index of economic benefit ranks first among the 184 large and medium-sized key enterprises in machine tool industry of China.Our gear grinding machines have been developed into CNC machines from original mechanical and PC ones, the performance of the complete machines have reached the international advanced level. The products include: gear grinder, worm wheel gear grinder, double grinding wheel gear grinder etc. total 7 series. We have independent research and development abilities, we have won about 40 national and departmental Science & Technology Progress Awards and Outstanding Achievements Awards early or late. The main products enjoy 80% market share at home. And they have been exported to more than 20 countries and southeast Asia areas, such as USA, Japan, South korea and so on. Among them, Y7032A dish-shaped double wheel gear grinder has been granted the first grade prize of the national Science & Technology Progress Award; Y7125A gear shaving cutter grinder; Yk7232 CNC worm wheel gear grinder; 2030 flying shear machine; SCJ230 plastic blow moulding machine etc. have been granted the second grade prize of the national Science & Technology Progress Award. The company has the “three precision?advantages in precision machining, precision assembling and precision measurement. In the products of metal box, shaft sleeve and gears, we have many professional skills, and forty percent of the total equipments are CNC machines. The facility level is at the leading position in China machine tool industry. The company has got ISO9001 Quality System Certificate and was selected as the “National Enterprises Technology Center?and “National Torch Plan High-tech Enterprise.? In the new century, our goal is to create a century enterprise with international competitiveness and friendly manufacturing industry, to bring our company into a research and development manufacturing base for precision machine tool and plastic machinery, to set up eight industrial groups featuring precision machine tools, plastic and food package machinery, automobile parts, gear transmission, electronic information, environmental protection and material, modern agriculture facilities, and to become a manufacturing center in the world level, the technology research center in the Pacific ocean area, the running and management center at home.
