- Business
- Wuxi Huadong Heavy Machinery Co., Ltd. manufactures, installs and sells container handling equipment, including quay cranes, rail-mounted gantry cranes, rubber-tired gantry cranes and other port machinery, as well as intelligent CNC machine tools, industrial robots and automated turnkey projects; the company also engages in stainless steel trading and supply chain services, after-sales support for lifting equipment and design, production and repair of special equipment primarily serving ports, railways, container yards and industrial applications in China and select international markets. Founded in 2004 and headquartered in Wuxi, Jiangsu Province, the company operates manufacturing bases in Wuxi and a joint venture in Guangxi Beibu Gulf for crane assembly, with products deployed in major domestic seaports such as Shanghai, Guangzhou, Ningbo and inland ports including Chongqing and Wuhan. In recent strategic shifts, Wuxi Huadong Heavy Machinery completed the divestiture of its underperforming CNC machining subsidiary Guangdong Runxing Technology in late 2024 to streamline operations and recover funds; concurrently, it expanded into high-growth sectors by acquiring and increasing its stake in Xiamen Ruixin Tuxin Technology to 43.18% in September 2024 for GPU chip design and solutions, targeting domestic localization in desktops, laptops and sectors like government, education and rail transit; earlier ventures into photovoltaic cell modules launched in 2023 were scaled back amid market pressures.