NANJING HIGH SPEED & ACCURATE GEAR GROUP CO., LTD Overview
Company Headquarters: Nanjing, China
Founded: 1969
Workforce: ~5,406
Company Working: Nanjing High Speed & Accurate Gear Group Co., Ltd is one of the major manufacturers in the transmission industry. It is engaged in manufacturing high-speed and heavy-duty gears. The company caters to a wide range of end-use industries including wind power, rail cars, building materials, metallurgy, high-speed drives, general drives, mining, rubber, and plastic machinery. It operates through three major segments, which are wind gear transmission equipment, industrial gear transmission equipment, and other products. Industrial gearboxes are included under its wind gear transmission equipment and industrial gear transmission equipment segments.
The company has an extensive geographical presence with operations across Asia-Pacific, the Americas, and Europe. Sumitomo Heavy Industries, Ltd, Emerson Electric Co., ABB, Schneider Electric, and Watt Drive WEG Group are some of its key competitors.
Strategy
Nanjing High Speed & Accurate Gear Group Co., Ltd focuses on research and development as a part of its organic growth strategies. For instance, in 2018, it spent USD 51.1 million on research and development, which enabled it to develop advanced products and upgrade its existing products. The company is constantly seeking opportunities to expand its presence in new regions through contracts and agreements. For instance, in June 2017, it received a contract for 1,040 gearbox sets for metro trains in Australia.
