Investment in Chongqing

Chongqing enterprise to merge century-old foreign shop

Picture shows that workers are busying working in the private enterprise – Senci Electric Machinery Co., Ltd.

CHONGQING (CQNEWS) -- Senci Electric Machinery Co., Ltd in Chongqing – the global largest manufacturer of small generators said on May 13, 2013 that it would merge and acquire a century-old foreign shop. Till now, the commercial negotiation has been thoroughly completed and the merger and acquisition is expected to be finished within 2013.

Senci Electric Machinery Co., Ltd has a 30% market share in the field of global small generators and is the enterprise with the most patents in this field all over the world, thus its products have always been in short supply, according to the president of this company, Ai Chun.

Seici has achieved a sales earning of 800 million yuan from January to April of 2013, seeing a 66% year-on-year increase and it expects to achieve a sales earning of 2 billion yuan in 2013 (the figure for the upcoming three years is 5 billion yuan).

The merger and acquisition of the century-old foreign shop contributes to the expanding of Senci’s products. With this merger and acquisition, Senci will set foot in large generator field and win new markets, which will lay solid foundation for its aim of 5-billion-yuan sales earnings in the next three years.


Editor:Liu Kan