Two international famous enterprises of Germany and US entered Wuhan Development Zone
Recently Germany's SEW Eurodrive and US's Cummins signed investment agreement with the Management Committee of Wuhan Development Zone to invest respectively almost 100 million yuan to produce reduction gears and fuel system for diesel engines in Wuhan.Germany's SEW Eurodrive is a transnational group specialized in producing gear motors, reduction gears and frequency inverters. The assembly factory they are building will bring them annual sales revenue of 1 billion yuan after operation starts.
Cummins' fuel system project is invested by Cummins (China) Investment Co.Ltd. and mainly covers development, production and sales of fuel system for diesel engines and other products. The projec's total investment is 10 million US dollars and will be built in two phases. After mass production starts it will realize annual sales of 550 million yuan.
posted by china @ 9:47 PM
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