Bosch Group invested 276 million shares in HCFA, Meanwhile, HCFA and Bosch Rexroth are drafting 120 million investments for a joint venture company
➤Strategic Cooperation Agreement:HCFA and Bosch Rexroth, each contributing 50% and other 50% of the total capital of 120 million CNY, planning to set up a joint venture company in Shanghai (Preparation). The joint venture company will be mainly engaging in research and development, manufacturing, providing automation and electrification solutions, and related products and services.
HCFA and Bosch Rexroth formally signed the relevant agreement on November 2, 2023
Led by a highly competitive local management team, deeply committing to the industrial automation,HCFA technology already become a technology driven industrial automation solutions provider. With its fast responding to the market needs and efficient manufacturing ability, its product portfolio is expanding continuously, especially in the servo market. In China’s market, Zhejiang HCFA technology stands out with its comparably high market share.
Mr. Wang Xiangbin, Chairman of HCFA, and Mr. Thomas Fechner, Director of the Executive Committee of Bosch Rexroth and Head of the Industrial Automation Business Unit (from right to left).
China’s industrial control automation market is the one of the largest worldwide. Encouraged by the policy of manufacturing upgrading and digital transformation, the potential of the market remains strong, especially the fast-growing emerging industry such as photovoltaic and lithium.The newly established joint venture plans to build a complete automation product portfolio as well as flexible conveyor system products, which is fully committed to meeting the needs of Chinese customers for responsiveness and product price/performance ratio.
On the marketing side, the new joint venture will be making full use of resource advantages and carry out the localization of sales network and service network. The establishment of the joint venture is still subject to the approval of regulatory institutions, including the antitrust authorities.
禾川科技工业自动化全套解决方案
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