BEIJING, Jan. 16 (Xinhua) -- Shandong Golden Empire Precision Machinery Technology Co., Ltd recently announced to set up a subsidiary Mattesco Mexico in Mexico and invest in construction of the company's Mexican production base, reported Xinhua-run China Securities Journal.
The move aims at further optimizing the company's international strategic development layout, and consolidate cooperative relationship with customers in the automotive industry and other industries in North America.
According to the announcement, Mattesco Mexico will be mainly engaged in the research and development, production and sales of electric drive system parts for new energy vehicles.
Shandong Golden Empire Precision Machinery Technology R&D is a large developer and producer of bearing cages and core automotive parts with its products widely used in rail transit, automobiles, wind power generation, construction machinery, new energy vehicles, home appliances and other high-end equipment. It is a demonstration enterprise in China's manufacturing industry and a national high-tech enterprise.
(Edited by Bao Nuomin with Xinhua Silk Road, baonuomin@xinhua.org)
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