New KEB cooperation in China

KEB is pleased to announce its new business cooperation with the Giant Group (Zhejiang Giant Holding Co Ltd.) based in Huzhou in China, which enabled KEB the participation as a shareholder and partner in the Company Huzhou Giant Motor Co., Ltd.

The Zhejiang Giant Holding Co Ltd. was established in 1951 and started in 1978 to get involved in elevator industry. Based on the R&D strength and superb technology collected from the 40 years’ elevator experience, the company is confident to provide perfect and reliable products and service as well as the intelligent solutions. The main business covers also the mechanical parking systems, elevator and escalator components, high efficiency motor, new decorative material, industrial investment and capital operation. The company was awarded the honorary titles of National High-tech Enterprise, The High Quality Management Enterprise of Zhejiang Province, Provincial AAA Credit Enterprise, and Provincial Integrity Enterprise. 

Huzhou Giant Motor Co., Ltd. is a professional production of efficient synchronous motor, servo motor company, committed to the application of permanent magnet synchronous technology, development, manufacturing and promotion in the application of various industrial fields, is now involved in elevators, wind power, pumps and other industries. The company intends to generate significant advantages based on standardization, serial design and the use of permanent magnet synchronous technology in domestic and global market applications.

The signing ceremony took place in summer 2017 and was chaired by Mr. Qian Suxing, Vice Chairman of Giant Motor at the Giant industrial park in Huzhou. Besides further members the Board will consist of Mr. Qian Jiang as Chairman and Mr. Wolfgang Wiele (KEB's CTO). As General Manager the Giant was able to engage Mr. Cai Shangyu.

Mr. Qian Jiang warmly congratulated the new partners. He stressed that as a well-known German power transmission technology company, KEB's stake will be the development of a strong driving force for the motor. In the future, the cooperation of the two companies their respective advantages, go hand in hand, and jointly create a better future.

Finally, Mr. Tavella (KEB’s CFO) emphasized that the cooperation between the two sides is based on mutual trust. He wished the cooperation success and that both partners work together for the same mission and struggle.