Investment
Pingyao business upgrades through innovation
Updated:2018-01-16 16:31( chinadaily.com.cn)
Two inventions by staff members from Pingyao Reduction Gear Co won prizes at the 2017 Shanxi Staff Innovation and Invention Competition held in Taiyuan from Jan 8 to 10, marking the company's achievements in scientific research.
Driven by strong research and development capabilities, the company, which was founded in 2008, has transformed itself from a manufacturer into a manufacturing-based service provider.
In 2017, the company developed various reduction gears, including 12 kinds of high-powered mining reduction gears and more than 40 varieties of hardened reduction gears for its foundry and cement industries, while streamlining its product structure.