As the demand for heat treatment technologies continues to grow, an auto and hydraulics components maker expands heat treating capabilities with HTC Group purchase.
Tenova, of the Techint Group, recently sold its HTC Group, which includes four companies specializing in advanced technologies for heat treatment processes for components. They are: IVA Schmetz (Germany), Mahler (Germany), Fours Industriels B.M.I. (France) and IVA Schmetz Industrial Furnaces (Shanghai) (China).
The purchasers are Qizhi GmbH and Shanghai Qizhi Information Technologies Co., Ltd., both members of Ningbo Qijing Holding Co. Ltd. Ningbo Qijing is also the parent company of Qijing Machinery Co. Ltd., which is involved in the research, development, manufacturing, and assembling of mechanic systems and precision parts mainly operating in home electric appliances and industrial applications, specifically in automotive, power tools, and hydraulics.
“As an experienced company in supplying precision parts for different industries, we recognize in the heat treatment one of the most critical process for precision machined parts. We believe that HTC group, with its expertise and product range, has the potentials to gain space and relevance in growing sectors, especially in the Chinese market,” affirmed Wang Yongqi, Chairman of Ningbo Qijing Holding.
