Shuanghuan Transmission recently issued 30 million IPO plans to raise funds of approximately 840 million yuan. The proceeds raised from the issuance will be mainly invested in the "Zhejiang Shuanghuan Transmission Gear Expansion Project" and the "Jiangsu Shuanghuan Capital Increase and Production Expansion Gear Project" to expand the company's business. Some production capacity. The commercial vehicle gear products for this capital raising investment project are mainly used in commercial vehicle gearboxes and engine and commercial vehicle axles. The accuracy and strength of products are more stringent and the added value of technology is higher. Through the implementation of raised capital investment projects, further Improve the grade of commercial vehicle gear products, enrich the commercial vehicle gear product series, and increase the market application space of commercial vehicle gears. The fundraising investment project will expand the production capacity of some medium and high-end construction machinery gear products and enhance overall profitability. In addition, Shuanghuan will also expand the production scale of power tool gear products to enrich the company's product line.
Shuanghuan transmission is a professional manufacturer of gears and gear parts for transmission. The main products include passenger car gears, commercial vehicle gears, motorcycle gears, construction machinery gears and power tool gears. It is targeted at professional vehicle gear parts that less companies are involved in. In the field of manufacturing, we focus on the manufacture of gear parts for vehicles. According to statistics from China Gear Professional Association, Shuanghuan has the second largest market share of gear parts in China and ranked first in 2008.
Currently, Shuanghuan's gear products have been widely used in vehicle transmissions, engines, axles, and power tools. The customer's texture is excellent. Shuanghuan transmission, as a professional manufacturer of gear parts in China, has established a supporting relationship with a number of domestic and foreign vehicle manufacturers. Shuanghuan transmission products currently account for 36% of Dongan Mitsubishi's procurement share; in June, they also entered the Japanese Aisin Seiki procurement system, with sales of approximately 2 million/month. Shuanghuan obtained many excellent suppliers including Dong'an Engine, Shaanxi Fast, Shanghai Automotive (600104) Gear No. 1, Hangzhou Iveco, Chery Automobile, Dongfeng Transmission, Guangxi Yuchai, Shenyang Automotive Gold Cup, and John Deere. And core supplier titles.
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