![]() It intends to repurpose the Shanghai buildings for a showroom and to assemble robots and other peripheral equipment. In closing this facility, DMG Mori plans to halt production of these low-priced units and instead increase output of standard-class machine tools at its plant in Tianjin. The Shanghai plant manufactures low-priced machines tools largely for the Chinese market, with annual revenues of several billion yen. Now that the German company is a subsidiary, the Japanese corporation can eliminate redundancies and manage the group more efficiently. The two both had global reaches, in some cases with factories in the same regions producing similar products. of German capital and business partner DMG Mori AG, formerly called Gildemeister. The reorganization comes in the wake of last year's acquisition by Japan's DMG Mori Co.
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