After acquiring the Nederland-based Nedschroef involving with a total value of 193 million Euros, the full year benefit began to come out in the operation of Shanghai Prime Machinery Co., Ltd (Shanghai PMC). This acquisition boosted Shanghai PMC to have its sales revenue of Automobile business increased from 1.706 Billion CNY to 4.297 Billion CNY, and company’s entire revenue increased by 53% to 7.127 Billion CNY, while the net margin of the company increased by 130% to 0.186 Billion CNY.

“We redistricted our business sector, putting the Automobile Industry as our priority. The fastener business has taken a high ratio of our business. In the future, we would expand our business to the Aviation Industry.” said Mr. Zhou Zhiyan, Chairman & General Manager of Shanghai PMC. It was mentioned by Mr. Zhou that Fasteners, Blades, Bearings, and cutting tools would constitute the kernel of its business sectors.

The acquisition also allows Shanghai PMC to be in line with the international development. By the end of 2015, Shanghai PMC has expanded itself to 27 overseas cities in 14 countries when its products are widely accepted in 70 overseas countries and areas. Among them, Europe and China markets undertook a large part of its sales, which took 3.895 Billion CNY and 2.099 Billion CNY respectively.