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A Decade of Shanghai Electric's Acquisition of Nedschroef: New Factory Breaks Ground in Tarragona, Spain

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Shanghai Electric (SEHK:2727, SSE:601727) celebrates 10 years since acquiring Nedschroef with the groundbreaking of a second automotive fastener factory in Tarragona, Spain. The new facility is part of Nedschroef's three-year action plan to optimize production capacity and operational efficiency. The company has expanded its technological capabilities through CP Tech's acquisition seven years ago, enabling advancement in high-precision components for automotive, aerospace, and specialized vehicles.

The integration includes supply chain optimization through Shanghai Zhenhua Bearings' high-performance needle bearings supply to CP Tech, and market expansion opportunities through Shanghai Electric's industrial software partnerships to enhance Setup Wizard's visualization capabilities in the civilian automotive market.

Shanghai Electric (SEHK:2727, SSE:601727) celebra 10 anni dall'acquisizione di Nedschroef con l'inaugurazione di un secondo stabilimento per dispositivi di fissaggio automotive a Tarragona, Spagna. La nuova struttura è parte del piano d'azione triennale di Nedschroef per ottimizzare la capacità produttiva e l'efficienza operativa. L'azienda ha ampliato le proprie capacità tecnologiche grazie all'acquisizione di CP Tech sette anni fa, consentendo progressi nei componenti ad alta precisione per l'automotive, l'aerospaziale e i veicoli specializzati.

L'integrazione comprende l'ottimizzazione della catena di approvvigionamento attraverso la fornitura di cuscinetti a rullini ad alte prestazioni da parte di Shanghai Zhenhua Bearings a CP Tech, e opportunità di espansione del mercato attraverso le partnership software industriali di Shanghai Electric, per migliorare le capacità di visualizzazione di Setup Wizard nel mercato automobilistico civile.

Shanghai Electric (SEHK:2727, SSE:601727) celebra 10 años desde la adquisición de Nedschroef con la inauguración de una segunda fábrica de sujetadores automotrices en Tarragona, España. La nueva instalación forma parte del plan de acción de tres años de Nedschroef para optimizar la capacidad de producción y la eficiencia operativa. La empresa ha ampliado sus capacidades tecnológicas a través de la adquisición de CP Tech hace siete años, lo que permite el avance en componentes de alta precisión para automóviles, aeronáutica y vehículos especializados.

La integración incluye la optimización de la cadena de suministro a través del suministro de rodamientos de aguja de alto rendimiento de Shanghai Zhenhua Bearings a CP Tech, así como oportunidades de expansión de mercado a través de las asociaciones de software industrial de Shanghai Electric para mejorar las capacidades de visualización de Setup Wizard en el mercado automotriz civil.

상하이 전기 (SEHK:2727, SSE:601727)은 넥드슈로프 인수 10주년을 기념하여 스페인 타라곤에 두 번째 자동차 패스너 공장을 기공했습니다. 새로운 시설은 생산 능력과 운영 효율성을 최적화하기 위한 넥드슈로프의 3개년 행동 계획의 일환입니다. 이 회사는 7년 전 CP Tech를 인수하여 자동차, 항공 우주, 특수 차량에 대한 정밀 고급 부품의 발전을 가능케 했습니다.

통합에는 상하이 더뉴하 베어링의 고성능 니들 베어링 공급을 통한 공급망 최적화와 상하이 전기의 산업 소프트웨어 파트너십을 통한 시장 확장 기회가 포함되어 있어 민간 자동차 시장에서 Setup Wizard의 시각화 기능을 향상시킵니다.

Shanghai Electric (SEHK:2727, SSE:601727) célèbre 10 ans depuis l'acquisition de Nedschroef avec la pose de la première pierre d'une deuxième usine de fixations automobiles à Tarragone, Espagne. La nouvelle installation fait partie du plan d'action triennal de Nedschroef visant à optimiser la capacité de production et l'efficacité opérationnelle. L'entreprise a élargi ses capacités technologiques grâce à l'acquisition de CP Tech il y a sept ans, ce qui a permis des avancées dans les composants de haute précision pour l'automobile, l'aéronautique et les véhicules spécialisés.

L'intégration comprend l'optimisation de la chaîne d'approvisionnement grâce à la fourniture de roulements à aiguille haute performance par Shanghai Zhenhua Bearings à CP Tech, ainsi que des opportunités d'expansion de marché grâce aux partenariats en logiciels industriels de Shanghai Electric pour améliorer les capacités de visualisation de Setup Wizard sur le marché automobile civil.

Shanghai Electric (SEHK:2727, SSE:601727) feiert 10 Jahre seit der Übernahme von Nedschroef mit der Grundsteinlegung einer zweiten Fabrik für Automobilbefestigungen in Tarragona, Spanien. Die neue Anlage ist Teil des dreijährigen Aktionsplans von Nedschroef zur Optimierung der Produktionskapazität und der Betriebseffizienz. Das Unternehmen hat seine technologischen Fähigkeiten durch die Übernahme von CP Tech vor sieben Jahren erweitert, was Fortschritte bei hochpräzisen Komponenten für die Automobil-, Luftfahrt- und Spezialfahrzeugbranche ermöglicht.

Die Integration umfasst die Optimierung der Lieferkette durch die Bereitstellung von Hochleistungsnadellagern von Shanghai Zhenhua Bearings an CP Tech und Marktexpansionsmöglichkeiten durch die Industrie-Softwarepartnerschaften von Shanghai Electric, um die Visualisierungsfähigkeiten von Setup Wizard im zivilen Automobilmarkt zu verbessern.

Positive
  • Opening of new automotive fastener factory in Spain expanding production capacity
  • Supply chain optimization through internal bearing supply reducing CP Tech's production costs
  • Market expansion into aerospace and specialized vehicles sectors through CP Tech integration
Negative
  • None.

Fostering Growth in Automotive Fasteners and Exploring New Industry Horizons

SHANGHAI, Dec. 4, 2024 /PRNewswire/ -- On the 10th anniversary of its acquisition of Nedschroef, Shanghai Electric (SEHK:2727, SSE:601727) marks a significant milestone with the groundbreaking of Nedschroef's second automotive fastener factory in Spain. Situated in Tarragona, a prominent city in northeastern Spain, this facility underscores Shanghai Electric's commitment to enhancing Nedschroef's capacity to deliver advanced fastening solutions across Europe. The Tarragona factory is a cornerstone of Nedschroef's three-year action plan, poised to optimize production capacity and drive operational efficiency.

Since its acquisition, Nedschroef has solidified its foundation in the automotive components industry. By operating two factories within Spain, Shanghai Electric and Nedschroef demonstrate a well-considered approach to leveraging regional strengths.

Nedschroef has steadily expanded its technological boundaries since acquiring CP Tech seven years ago. This partnership has fueled advancements in high-precision and specialized components designed for unique applications. From hypercar chassis frameworks to landing gear for low-altitude manned aircraft, CP Tech's innovation capabilities are a key enabler of long-term business potential for Nedschroef. The partnership also aligns with Shanghai Electric's broader vision of fostering an ecosystem of collaborative innovation across industries, including automotive, aerospace, and specialized vehicles.

By integrating CP Tech's expertise, Shanghai Electric and Nedschroef are positioned to push the boundaries of component design and production, targeting advanced markets, such as aerospace and special-purpose vehicles. CP Tech's accolades, including certifications for its low-altitude manned aircraft, further highlight the transformative potential of this collaboration.

Shanghai Electric emphasizes creating an open, collaborative space to empower sustainable growth. This vision is realized through:

  • Supply Chain Optimization: Shanghai Zhenhua Bearings, a subsidiary of Shanghai Electric, will supply high-performance needle bearings, significantly reducing CP Tech's production costs and enhancing efficiency.
  • Market Expansion Opportunities: By leveraging Shanghai Electric's headquarters resources and industrial software partnerships, Nedschroef aims to expand Setup Wizard's visualization capabilities and penetrate the civilian automotive market.
  • Inclusive Corporate Culture: Shanghai Electric's supportive policies, including reliable employee welfare programs during the pandemic, highlight its long-term commitment to nurturing diverse and resilient corporate cultures.

"CP Tech, located in the heart of Europe, is uniquely positioned to amplify collaboration across Shanghai Electric's business segments. This synergy fosters mutual growth while addressing global market and technological shifts. Together, we will unlock new opportunities and expand our global reach," said Wu Lei, Chairman of Shanghai Electric.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/a-decade-of-shanghai-electrics-acquisition-of-nedschroef-new-factory-breaks-ground-in-tarragona-spain-302322285.html

SOURCE Shanghai Electric

FAQ

What is Shanghai Electric's (SIELY) latest expansion in Spain?

Shanghai Electric is building Nedschroef's second automotive fastener factory in Tarragona, Spain, as part of a three-year action plan to optimize production capacity and operational efficiency.

How is Shanghai Electric (SIELY) optimizing its supply chain through Nedschroef?

Shanghai Electric is optimizing its supply chain by having its subsidiary, Shanghai Zhenhua Bearings, supply high-performance needle bearings to CP Tech, reducing production costs and enhancing efficiency.

What markets is Shanghai Electric (SIELY) expanding into through CP Tech?

Through CP Tech, Shanghai Electric is expanding into advanced markets including aerospace, automotive (particularly hypercars), and special-purpose vehicles, leveraging CP Tech's expertise in high-precision components.

SHANGHAI ELEC GP UNSP/ADR

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