SEW Invests $150 mln in Its New Project in TEDA

On May 31st, TEDA Administrative Commission signs an investment cooperation agreement with SEW Eurodrive (China) Investment Co., Ltd, and SEW plans to invest 150 million dollars in TEDA to build an intelligent manufacturing base. The base will introduce the latest technological achievements in intelligent manufacturing sector from Germany. The company not only focuses on producing motor, reducer, inverter, servo control system, etc., but also provides systematic solutions from project planning and hardware production to software design and operation guarantee. Zhang Shengli, Executive Chairman of the company says that TEDA provides powerful support and help for SEW in policy, investment services and talent services. He hopes the new project about to land can support the company to find a path featured by intelligent manufacturing and digital development in TEDA.

SEW Group is a world-leading multinational specializing in the production of transmission system. In TEDA, the Group founded its first factory in China in1994 and SEW Eurodrive (China) Investment Co., Ltd. as its headquarters in China in 2003. So far, SEW Group owns one investment company as well as two production-oriented companies including SEW Industrial Gears (Tianjin) Co., Ltd. and SEW-Eurodrive (Tianjin) Holding Co., Ltd. in TEDA.