Recently, Shanghai Tool Factory Co., Ltd. and Italy SU Company jointly established Shangyou Machine Tool Company. The joint venture company settled in Jiading District of Shanghai Auto City with a capital of 2.5 million Euros. The company's main products are gear cutters, gear cutters for high-speed cutting, and currently rely mainly on imports in China, and there are only a handful of such products that can be produced in the world. The joint venture company is expected to start production in October this year, with an annual output of 25 million yuan and a per capita output value of about 1 million yuan.
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