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Jinsheng Industry Ltd.

Established in 2000 in Jintan of Jiangsu, Jinsheng Industry Ltd is a private new and high-tech enterprise whose priority is to produce and sell textile machinery. It is now China’s largest producer for cotton open-cleaning unit and clean-combing unit with self-owned IPR and overall processing technologies.

In 2011, Jinsheng invested 100 million euro to acquire 50% of the shares of Germany EMAG Group, which is an internationally-renowned manufacturer of machine tool. This acquisition of foreign enterprise makes a record for Jiangsu’s private enterprises in terms of investment volume. Established in 1867, EMAG invented the inverted tool machine and its products accounted 40% of the global market. This company owns over 200 international patents and is a famous provider for advanced gear, transmission box and wheel for high-speed train. At the end of 2012, Jinsheng signed a deal with Oerlikon of Switzerland to acquire its two branches for natural fibre and textile equipment. Worth at 650 million Swiss Francs (about RMB 4.23 billion), this acquisition will be completed during the third quarter of 2013. With a history of over one hundred years, Oerlikon, a high-tech multi-national group, established 150 branches in 36 countries and has 16 thousand employees. It mainly works on mechanical equipment and system engineer. At present, Saurer (Jintan) Textile Machinery Ltd and Jintan Texparts Component Ltd, co-established by Jinsheng and Oerlikon, have started their operation in 2005.


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