Chinese government approves Wanxiang Group to acquire A123 assets


According to the latest Reuters news, Wanxiang Group, China's largest auto parts supplier, has obtained approval from the government and will proceed to bid for the assets of American battery supplier A123 Systems.


On November 30, the National Development and Reform Commission of China announced on the official website that Wanxiang Group’s application for the acquisition of A123 was approved. The success or failure of Wanxiang’s acquisition of A123’s assets currently depends on whether it can win bids and obtain US government approval. In December of this year, A123’s assets will begin to bid for the auction. In addition to universal, the United States Johnson Controls, Japan Electric Corporation (NEC) and Germany’s Siemens also participate in the bid.


In August this year, Wanxiang had signed a non-binding investment letter of intent with A123 to acquire 80% of its common equity, but it was questioned by US lawmakers. The reason for the congressmen is that the multi-billion-dollar U.S. taxpayers’ funds will flow to overseas companies through the auto industry recovery act, and the acquisition of A123 shares by Wanxiang will further exacerbate this trend.


On October 16, A123 submitted a bankruptcy protection application to the court. Johnson Controls subsequently proposed to purchase A123 Systems’ automotive battery business for US$125 million, and provided a $72.5 million debtor to hold asset financing.


In late November, A123 received final approval from the U.S. Bankruptcy Court, accepting an asset loan from a $50 million debtor provided by Wanxiang.



High Speed CNC Drilling & Marking Line For Angles 


Efficiency Case:

250*250*32mm angle size, hole dia. 22mm, SANDVIK drill bits, rotation speed 2200rpm, one hole takes 6 seconds.

One day (8 hours) gets 65 tons output.

9 minutes finish one angle length of 14 meters, with 60 holes.

The production line is composed of infeed transfer table unit, rotating loading unit, feeding conveyor unit, marking unit, two drilling units, outfeed conveyor unit, hydraulic system and electrical control system etc.


â–²Adopt CNC technology, servo motor infeeding, with high efficiency, stable working precision.

â–²Key hydraulic, pneumatic and electric elements are all domestic and international brand.

â–²Easy programming and can directly use  the program data made by lofting software.

â–²Software with Chinese, English  interface, easy operation, and can display the drawing of workpiece.

â–²Loading, marking, drilling and unloading are all performed automatically.

â–²Just need to input  size of work piece, diameter of holes,  stadia and quantity of workpiece when edit program, or use CAD/CAM lofting software direct conversion.

â–²The machining line is installed with supporting &straight pressing device.

â–²With avoided shearing functions, so as to process fixed length angles.

â–²With self-diagnosis failures function.

â–²Shearing unit is optional, using double blades cutting.


Drilling Unit (High Speed Drill Bits)

drilling unit

Samples:

samples


6 spindles separately controlled by 6 servo motors

6 spindles separately controlled by 6 servo motors


Close type marking unit, more stable and longer life

close type marking unit, more stable and longer life


Marking Unit: 

This unit is consists of fixed lathe bed, movable lathe bed, hydraulic pressure head and manual adjustment device. According to the order of computer, the unit marks on places required on the drawings. For making the marks clear and endurable, and avoiding the angle steel abrades character heads, it adds the functions of loading oil cylinder and lifting movable lathe bed. For satisfying the processing scope, it adds manual adjustment device, which can change the position of characters to adapt different standards angle steel.


Workpiece Table: It is driven by engine and retarder through chain wheel and chain. There are three long axis and six self-control shaft couplings to achieve synchronization of the chains. Thus the angle steel will be stable and make lower noise during feeding process. The function of this part is that feed angle steel into the chute and prepare to be taken by the clamp device.

 

Overturning Rack: It is driven by engine and retarder through chain wheel and chain. Thus it achieves synchronization of swivel arm of the four clamps devices through long axis and shaft couplings. The function of this part is to take angle from conveyor trough to feeding conveyor.

Angle Drilling Machine

Angle Drilling Machine,Steel Construction Drilling Machine,Angle Rocker Drilling Machine,CNC Angle Drilling Machine

Shandong Sunrise CNC Machine Co., Ltd , http://www.scmcnc.com