SHANGHAI MACHINETOOL

closed

The Shanghai Machine Tool Project seeks to achieve several objectives relating to the Shanghai machine tool industry including machine tool product rationalization; product upgrading and manufacture of precision machines; improvements in quality and quantity of inputs; increase in manufacturing efficiency; expansion of design and engineering capabilities; and improvements in management systems. To this end, the project consists of four major components. They include (a) the rehabilitation and modernization of 18 plants and 2 research institutes owned by the two beneficiaries; (b) the import of appropriate technology; (c) the establishment of a modern management structure and system; and (d) the development and implementation of a comprehensive training program. In addition to other project-related benefits, the Project will have a demonstration effect on other provincial machine tool manufacturers as well as capital goods manufacturing industries.