CITY OF INDUSTRY, Calif.--(BUSINESS WIRE)-- Chairman and CEO, Xiyou Guan, of SMTCL capitalized on the importance of IMTS 2012 to discuss his company’s strategy and objectives for future growth. During the SMTCL press conference on Wednesday, September 12, 2012, key SMTCL global executives were introduced, including an experienced new SMTCL management team for the U.S.
Chairman Guan then showed the assembled press a PowerPoint presentation of SMTCL’s meteoric rise to now being the world’s largest machine tool builder, with sales of approximately $2.9 billion. However, he cautioned, over 90% of the sales are in China.
The company, therefore, chose growth through acquisition. This growth is steeped in the strategy of looking for genuine working partnerships, which Mr. Guan calls “alliances,” not just available companies.
“Each country or geographic area has its own particular challenges and ways of doing business,” states Mr. Guan. “That’s why we want to buy working partners that truly know their market. It’s what makes SMTCL’s growth strategy so successful,” he continued.
The rest of the presentation covered SMTCL’s interest in large middle-market opportunities. The company values product support, true collaboration or alliances among geographic divisions. By utilizing their various individual talents in engineering and design these diverse entities make SMTCL globally productive.
During IMTS 2012, SMTCL’s 17,000 square foot booth and 15 machines, including two Schiess models, demonstrated its commitment and focus on the U.S. market and increased global sales.
Towards the end of the press conference and in response to a media inquiry, Mr. Guan faced the show rumors of SMTCL’s supposed interest in MAG. Mr. Guan stated there was no immediate deal in sight but he would be talking with MAG management at some point after IMTS to ascertain any mutual interest.
Shenyang Machine Tool (Group) Co., Ltd., an ISO 9001 registered company, produces $2.9 billion of machine tools in factories in Germany (Schiess GmbH), the Czech Republic and China. The 60 year old company’s products include computer numerical control (CNC) machines and conventional machine tools, as well as cylinder block and head production lines. Its lines include multi-axis turning, heavy duty milling and boring machines, drilling machines, and horizontal and vertical machining centers. Its products are also used in the manufacturing fields of mining, oil and gas, national defense and military, aviation and aerospace, rail, automotive and transportation, die and mold. The corporate entity Shenyang Machine Tool (Group) Co., Ltd. was reestablished in 1995, and today has over 12,000 employees. www.smtclchina.com
PHOTO CAPTION: Xiyou Guan, Chairman & CEO, Shenyang Machine Tool Co. Ltd. speaking at the SMTCL press conference during IMTS 2012 in Chicago. (September, 2012) To view/download photo please click on below: http://mhldesigns.com/clients/pressrelease/Mr-Guan.html
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20121001006866/en/
Arnold Communications Co.
Doug Arnold, 440-248-6600
Source: Shenyang Machine Tool (Group) Co., Ltd.