On the 25^th of June, 2023, the foundation stone laying ceremony of Novocrane intelligent crane manufacturing base was held in Wuxing High-tech Zone, Huzhou City. The Huzhou intelligent crane project is going to serve as another manufacturing base of Novocrane, which represents that Novocrane is putting forth its strength on the ability to supply core components, further strengthens the self-manufacturing ability of core components for the whole industrial chain of material handling equipment to a new level. Steven Gu, the general manager of Novocrane, and the leaders of Huzhou City attended the foundation laying ceremony, witnessed the opening of a new chapter of Novocrane in the field of intelligent electric hoist and drive assembly.

It is mainly used for the research and development, manufacturing, sales and service of intelligent electric hoists and drive assemblies. The company is going to build an informatization, automation, and C2M-oriented intelligent factory to provide customers with complete sets of intelligent handling equipment and related mechanical and electrical equipment and accessories based on artificial intelligence, IOT/5G, and big data technology, and at the same time complete the localization of foreign advanced lifting technology, import substitution and capacity expansion of crane core components. At the foundation stone laying ceremony, Steven Gu said: "Thanks to leaders at all levels in Huzhou City for their long-term strong support to our company. Now Novocrane is committed to developing into a global leader in advanced material handling with the concept of quality, safety, innovation and environmental protection. As the main urban district and the first district of Huzhou City, Wuxing District has huge development potential, which makes us full of confidence in the future of this land, and also makes us deeply feel that the important task of company development. We firmly believe that our company will write an impressive chapter in Wuxing District."

 The leader representative of Huzhou City said: "The smooth implementation of this project represents Novocrane's full affirmation of the business environment in Wuxing District. In the future, our district will continue to create a good environment for Novocrane's construction, provide high-quality services, and urge the project to be completed and put into operation as soon as possible. I wish Novocrane’s development in Wuxing District will be smooth sailing and prosperous.”

After the Novocrane intelligent crane project is put into operation, it will achieve the goal of an annual output value of 2 billion yuan and a profit and tax of 200 million yuan. On the one hand, it will meet the supply of core components of self-produced intelligent cranes, and on the other hand, it will introduce cranes, electric hoists and drive assemblies with precision design and excellent performance to the market. In the future, Novocrane will keep innovating and creating more values for customers!