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Chongqing Machine Tool Group received a batch order worth 25 million yuan ($3.5 million) for its newly developed series of gear hobbing and chamfering composite direct-drive dry-cutting machine tools.
Chongqing Machine Tool Group's Erji Company signed a contract worth CNY 14 million with a key customer in Guangdong for CNC lathes. The company is also co-developing the HS400 linear motor CNC lathe with the customer.
Chongqing Machine Tool Group signed a contract with Shaanxi Fast Gear (Fast Gear) for nine YS3126CNC6 high-speed dry gear hobbing machines. This is the first batch sale of Chinese-made dry hobbing machines to a major automotive gear manufacturer.