en.Wedoany.com Reported - On April 1, China Songde Tool (Zhejiang) Co., Ltd. and China Baoji Machine Tool Group Co., Ltd. signed a strategic cooperation agreement in Baoji City, Shaanxi Province, China. The two parties will establish a long-term partnership, strengthen the synergy between the machine tool and tool industry chains, and promote breakthroughs in key technologies for China's high-end equipment manufacturing.
Songde Tool is headquartered in Changxing County, Zhejiang Province, China. Established in 2015 with a registered capital of 56 million yuan, it is a Chinese national-level "Little Giant" specialized and sophisticated enterprise and a high-tech enterprise. The company specializes in the R&D and manufacturing of precision CNC tools. Its core products include damping vibration reduction tools, precision boring tools, etc. It led the formulation of the national standard for "Fine-adjustment Precision Boring Tools," and its products cover domestic fields such as automotive, energy, and engineering machinery in China.
Baoji Machine Tool Group was founded in 1965 and is located in Baoji City, Shaanxi Province, China. It has an annual revenue of 3 billion yuan and export earnings of 40 million US dollars. The company is a core R&D and production base for medium-to-high-end CNC machine tools in China, having undertaken over 30 Chinese national major projects cumulatively. It possesses a Chinese national-level master craftsman studio, and its products cover 14 major categories with over 200 models.
On the day of the signing, Songde Tool Chairman He Zhenhu and his delegation visited the medium-to-high-end CNC machine tool assembly line, performance testing laboratory, and the Chinese national-level master craftsman studio at China Baoji Machine Tool Group. The two sides exchanged views on technological achievements and industry trends in areas such as intelligent manufacturing, precision machining, and industrial synergy in China.
According to the agreement, both parties will focus on upstream and downstream synergy within the Chinese equipment manufacturing industry chain and promote joint research on key technologies. The cooperation will cover areas such as collaborative R&D for tool and machine tool compatibility, production process optimization, and market channel sharing, aiming to enhance product precision and production efficiency through technological complementarity.
This cooperation will bridge the gap between Chinese machine tool hosts and core tool components, strengthening the stability of the domestic equipment supply chain in China. Both parties plan to use technological synergy as a foundation to expand into domestic and international high-end markets, helping to replace imported CNC machine tools and tool products with domestic Chinese alternatives, thereby enhancing the overall competitiveness of China's equipment manufacturing industry.
This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com
