Traverse City, Michigan, USA and Jiangyin City, Jiangsu Province, PRC
Cone Drive Operations Inc., the world leader in double enveloping worm gear solutions, is proud to announce the acquisition of China based slewing drive manufacturer Jiangyin Huafang New Energy Hi-Tech Equipment Co., Ltd (H-Fang).
H-Fang is a leading slewing drive and slewing bearing manufacturer located in Jiangyin City, Jiangsu Province, China. H-Fang’s engineered solutions include slewing drives, slewing bearings, and related components, which are applied in a wide range of motion control and industrial markets including solar tracking systems, construction vehicles, mobile cranes, aerial lifts, and port machinery.
Kurt Gamelin, Cone Drive Chief Executive Officer said: “The addition of H-Fang to the Cone Drive business furthers our globalization strategy and expands our product portfolio, both key elements of Cone Drive’s longer term growth strategy. Having operational excellence in both North America and China allows us to support and expand our customer base in both regions.”
Carter Wu, H-Fang Managing Director said: “H-Fang is delighted to partner with Cone Drive and grow the overall business. H-Fang’s slewing drive and slewing bearing solutions, coupled with Cone Drive’s double enveloping worm gear expertise, creates a strong value proposition for our customers. We look forward to further developing the solar, motion control, and industrial markets throughout the world.”
H-Fang represents a very strong strategic fit with Cone Drive from a product, market, and geographic perspective. The partnership between Cone Drive and H-Fang is the result of a joint desire to leverage the combined strengths in design, manufacturing, and reputations for excellence. H-Fang’s product portfolio provides complementary product offerings to Cone Drive’s portfolio. In addition to expanding coverage in North America and Asia, the integration of Cone Drive and H-Fang will position both to enter the global market with an extended product portfolio at competitive price levels.
About Cone Drive
Cone Drive is the world’s leading manufacturer of worm gearing solutions for power transmission and motion control applications. The flagship technology produced by Cone Drive is their double enveloping worm gearing. The Cone Drive double enveloping worm gearing has industry-leading accuracy, load and shock capability, torque density, reliability, and durability. To learn more about Cone Drive please visit: www.conedrive.com
Established in January 2008, H-Fang is a leading slewing drive and slewing bearing manufacturer located in Jiangyin, China, 90 miles northwest of Shanghai. H-Fang’s impressive growth is a result of its world class customer service, engineered solutions, manufacturing processes, and high quality products. To learn more about H-Fang, please visit: www.h-fang.com.cn