# Qinchuan Machine Tool plans subsidiary for robot reducer business

Qinchuan Machine Tool & Tool Group Co., Ltd. (000837.SZ) announced plans to establish a wholly-owned subsidiary, Shaanxi Qinchuan High-Precision Transmission Technology Co., Ltd., by contributing assets and cash from its robot reducer business. The board approved the plan on December 25, 2022.

- Type: Investment
- Announced: 2022-12-25
- Where: China
- Status: announced
- Products: robot joint reducers, high-precision transmission products
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Qinchuan Machine Tool & Tool Group Co., Ltd.](https://endata.com/companies/67534.md)
- [Shaanxi Qinchuan High-Precision Transmission Technology Co., Ltd.](https://endata.com/companies/67535.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/853123.html), 2022-12-27: "公司拟以机器人减速器业务相关的部分经营资产和现金出资，成立全资子公司陕西秦川高精传动科技有限公司。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.