The predecessors of Shanghai Electric International Economic & Trading Co., Ltd. are Shanghai Machinery and Equipment Import & Export Corporation and Shanghai SMEC Corporation which was established in 1995. We restructured in 2004 and changed the company name into the present one. After restructuring, our capital amounts to USD42,682,000.
Our investors are Shanghai Electric Group Co., Ltd. and Shanghai Machine Tool Works Ltd. with respective investment ratio of 99% and 1%. Shanghai Electric Group Co., Ltd. (http://www.chinasec.com) is the largest enterprise group of design, manufacture and sales of power generation equipment and mechanical equipment in China. Having an annual import and export volume of over USD200,000,000, our company is a significant base of Shanghai Electric Group, specializing in international trade and investment.
An important part of international trade undertaken by us is the export of large-scale engineering project equipments. Depending on the abundant resources in mechanical fabrication, product design and development of Shanghai Electric Group, we focus on the contracting of engineering project equipment and large projects, including harbor equipment, hoisting machines, ships, sewage disposal plants, water treatment plants, large pump stations in sewage disposal systems, high speed dynamic balancing machines, mechanic and electric products in modern hotels and office buildings. We have even more advantages in the trade of electric generators, and have participated in many projects setting up electric generating plants.
We also enjoy great advantages in the export of mechanic and electric products and trades relating to processing with supplied and imported material and manufacturing with supplied drawings and samples. With a lot of versatile staff having intimate knowledge in mechanic processing, foreign trade and foreign languages, and under exceptional support from over 400 mechanic processing factories within Shanghai Electric Group, we are superior in the export of mechanic and electric products and processing trade. At present, we are selling products to over 90 countries and regions.
At the same time, we undertake huge amounts of import, such as Shanghai light railway project and the import of communicating apparatus and equipment. Due to our professional services with high efficiency, good quality and low cost, we have achieved good fame among clients.
Shanghai Electric International Economic & Trading Co., Ltd., the main outlet of Shanghai Electric Group in implementing the strategy of "going out of country" has established a couple of subsidiary companies in foreign countries, including investing in Akiyama International Co., Ltd. (http://www.akiyama-international.com) which is famous for its first-class technologies in the field of printing machinery over the world.
Shanghai Electric International Economic & Trading Co., Ltd. is also an important medium of Shanghai Electric Group in introducing foreign capital and investing management. The Chinese investor, Shanghai Electric International Economic & Trading Co., Ltd. has 9 joint ventures in China, including:
1) Shanghai Neles-Jamesbury Valve Co., Ltd. (http://www.snjvalve.com)
2) ABB Shanghai Motors Co., Ltd. (http://www.abb.com/motor&drives)
3) Shanghai Marathon-Gexin Electric Co., Ltd. (http://www.shmgec.com)
4) Shanghai Ri Yong-JEA Gate Electric Co., Ltd.
5) Shanghai-Fanuc Robotics Co., Ltd.
6) Shanghai SMEC Enterprise Co., Ltd.
7) Shanghai Mitrubishi Elevator Engineering & Technology Co., Ltd. (http://www.mitsubishi-elevator.com)
8) ACIT (Shanghai) Inc.
9) Shanghai Guanghua Printing Machinery Co., Ltd.
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