Shanghai Electric Celebrates 10 Years with Nedschroef: New Factory Launch in Spain
December 5, 2024 marks a significant milestone for Shanghai Electric as they celebrate the tenth anniversary of their acquisition of Nedschroef. This event is highlighted by the commencement of construction on Nedschroef’s second automotive fastener factory located in Tarragona, a vital city in northeastern Spain. This new facility is a testament to Shanghai Electric’s commitment to enhancing Nedschroef's capabilities in providing advanced fastening solutions across Europe. The Tarragona plant plays a crucial role in Nedschroef’s three-year action plan aimed at optimizing production capacity and boosting operational efficiency.
Since the acquisition, Nedschroef has solidified its foundations in the automotive components industry. With the operation of two factories in Spain, Shanghai Electric and Nedschroef are strategically capitalizing on regional advantages. Following the acquisition of CP Tech seven years ago, Nedschroef has continually transcended technological boundaries, paving the way for breakthroughs in high-precision and specialized components tailored for unique applications. From hypercar chassis to landing gear for manned low-altitude aircraft, CP Tech’s innovative capabilities significantly contribute to the long-term commercial potential of Nedschroef.
This collaboration also aligns with Shanghai Electric’s broader vision of promoting a collaborative innovation ecosystem across various sectors including automotive, aerospace, and specialty vehicles. By integrating CP Tech’s expertise, both Shanghai Electric and Nedschroef are pushing the limits of design and production of components to target advanced markets such as aerospace and specialized vehicles. The accolades received by CP Tech, including certifications for its low-altitude manned aircraft, highlight the transformative potential of this partnership.
Furthermore, Shanghai Electric is keen on fostering an open and collaborative environment to promote sustainable growth. This vision is manifested through several initiatives:
1. Supply Chain Optimization: Shanghai Zhenhua Bearings, a subsidiary of Shanghai Electric, will supply high-performance needle bearings that will significantly cut production costs for CP Tech and enhance efficiency.
2. Market Expansion Opportunities: By leveraging the resources of Shanghai Electric’s headquarters and industrial partnerships in software, Nedschroef aims to enhance its Setup Wizard visualization capabilities and penetrate the civilian automotive market.
3. Inclusive Corporate Culture: Shanghai Electric’s supportive policies, including reliable employee social protection programs during the pandemic, underscore its long-term commitment to diverse and resilient corporate cultures.
"CP Tech is strategically located in the heart of Europe, making it well-positioned to strengthen collaboration across Shanghai Electric’s various business segments. This synergy propels mutual growth while adapting to the evolving dynamics of global markets and technologies. Together, we will unlock new opportunities and expand our global presence," stated Wu Lei, President of Shanghai Electric. As this new facility begins its journey, it promises to bolster the operational strength of Nedschroef and set a solid foundation for future innovations in the automotive fastener industry.
Since the acquisition, Nedschroef has solidified its foundations in the automotive components industry. With the operation of two factories in Spain, Shanghai Electric and Nedschroef are strategically capitalizing on regional advantages. Following the acquisition of CP Tech seven years ago, Nedschroef has continually transcended technological boundaries, paving the way for breakthroughs in high-precision and specialized components tailored for unique applications. From hypercar chassis to landing gear for manned low-altitude aircraft, CP Tech’s innovative capabilities significantly contribute to the long-term commercial potential of Nedschroef.
This collaboration also aligns with Shanghai Electric’s broader vision of promoting a collaborative innovation ecosystem across various sectors including automotive, aerospace, and specialty vehicles. By integrating CP Tech’s expertise, both Shanghai Electric and Nedschroef are pushing the limits of design and production of components to target advanced markets such as aerospace and specialized vehicles. The accolades received by CP Tech, including certifications for its low-altitude manned aircraft, highlight the transformative potential of this partnership.
Furthermore, Shanghai Electric is keen on fostering an open and collaborative environment to promote sustainable growth. This vision is manifested through several initiatives:
1. Supply Chain Optimization: Shanghai Zhenhua Bearings, a subsidiary of Shanghai Electric, will supply high-performance needle bearings that will significantly cut production costs for CP Tech and enhance efficiency.
2. Market Expansion Opportunities: By leveraging the resources of Shanghai Electric’s headquarters and industrial partnerships in software, Nedschroef aims to enhance its Setup Wizard visualization capabilities and penetrate the civilian automotive market.
3. Inclusive Corporate Culture: Shanghai Electric’s supportive policies, including reliable employee social protection programs during the pandemic, underscore its long-term commitment to diverse and resilient corporate cultures.
"CP Tech is strategically located in the heart of Europe, making it well-positioned to strengthen collaboration across Shanghai Electric’s various business segments. This synergy propels mutual growth while adapting to the evolving dynamics of global markets and technologies. Together, we will unlock new opportunities and expand our global presence," stated Wu Lei, President of Shanghai Electric. As this new facility begins its journey, it promises to bolster the operational strength of Nedschroef and set a solid foundation for future innovations in the automotive fastener industry.
Topics Heavy Industry & Manufacturing）
【About Using Articles】
You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.
【About Links】
Links are free to use.