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Ren Hongbin visits subsidiaries in Wuxi

(sinomach.com.cn)

2018-01-04

Ren Hongbin, chairman of China National Machinery Industry Co (Sinomach), visited Jingwei Textile Technology Test Co and Hongda Textile Machinery Co, subsidiaries of China Hi-Tech Group in Wuxi, East China’s Jiangsu province, on Dec 27.

China Hi-Tech Group, a textile conglomerate, has become a wholly-owned subsidiary of Sinomach, an equipment manufacturing group, as the State Council announced last June.

“It is my first time visiting China Hi-Tech’s textile businesses,” Ren said during his visit.

“I found that the group boasts many advantages that Sinomach can learn from, such as its efficient production and lean management,” he added.

He expressed that the merger of the two groups will not be a simple addition, but rather it will complement each other and create more profits.

He pointed out that China Hi-Tech should eliminate ineffective supply, cut costs in the real economy and keep pushing forward mixed-ownership reform. 

A staff member from Wuxi Jingwei Textile Technology Test Co introduces products to Ren Hongbin (second from right), chairman of Sinomach, during Ren’s visit to the company on Dec 27. [Photo/sinomach.com.cn]

Ren Hongbin (second from right), chairman of Sinomach, visits the company’s affiliate Hongda Textile Machinery Co in Wuxi, East China’s Jiangsu province on Dec 27. [Photo/sinomach.com.cn]