Hangzhou Advance Gearbox Group Co., Ltd.

Hangzhou Advance Gearbox Group Co., Ltd. is specialized in designing and manufacturing transmissions and powder metallurgical products, which is one of major high- and new-tech enterprises in China.

The Company with the former name “Hangzhou Gearbox Works” was founded in 1960. Approved by State Economy and Trade Commission, the Company was restructured into a liability limited company with diversified state shares in 2001 and in 2008 it was reorganized into a joint-stock limited company.The Company has been listed on Shanghai Stock Exchange since October 2010. Located by the south bank of Qiantang River, the Company owns 568,000 ㎡ area, 2200-odd employees, 19 holding and actual controlling subsidiaries, and 1 participating subsidiary. The Company is awarded as “Leading Company in China Industry Area”, “Top 500 in China Machinery Industry”, “Top 500 Competitive Big Enterprise and Big Group in China”. Technology Center of the Company was awarded as state-level technology center. The “Key Technology and Industrialization of High-end Heavy Gear Transmission” was awarded as Second Prize of National Prize for Progress in Science and Technology.

Standing on transmission industry, relying on science and technology progress, core competitiveness is enhanced and leading position in the industry area is established. Since 1980s, based on independent development, the Company has imported advanced foreign technology and realized secondary innovation. The products area has been expanded into 10 families covering over 1000 types, from single marine gearbox to ten types, thousands of products, including motive marine propulsion system, construction machinery transmissions, wind turbine transmissions, auto transmissions,agricultural transmissions, rail transit transmissions,industrial transmissions,  special products，powder metallurgical (P/M) products, and large-sized high-precision gears.

The Company imported first class equipments, established complete quality management system and sales service network to provide clients with high-quality products and satisfactory service. “Advance” products are sold in 31 provinces and municipalities in China and 47 countries and regions in the world.

As the Chinese economy has entered into a New Normal, the Company will keep reform and innovation. Adhering to the Company Spirit of “Loyalty, Dedication, Solidarity, Top-Rank”, the Company will grasp new opportunities under the New Normal for sustainable development with higher quality, efficiency and benefit.