- CEO
- Zhi Sheng Liao
- Full Time Employees
- 2,182
- Sector
- Producer manufacturing
- Industry
- Industrial machinery
- Address
- No. 8289, Tingfeng Road Shanghai SH China 201501
- IPO Date
- Aug 17, 2007
- Business
- Shanghai Hanbell Precise Machinery Co., Ltd. engages in the design, manufacture, sale, and after-sales service of compressors and refrigeration equipment. Its core products include screw compressors, airend compressors, refrigerant compressors, scroll compressors, vacuum pumps, screw chillers, heat pumps, water-cooled chillers, air-cooled chillers, and refrigeration systems. The company serves industrial refrigeration and HVAC sectors with applications ranging from cold storage to variable temperature refrigeration solutions. Founded in 1996 and headquartered in Shanghai, China, Hanbell exports its products to over 50 countries, including markets in Southeast Asia, Australia, and the Americas.
Recently, Shanghai Hanbell Precise Machinery has focused on technological innovation and energy efficiency, launching new high-efficiency screw chillers with a 25% improvement in energy use compared to previous models. The company invests extensively in research and development, dedicating approximately 15% of its revenue toward advancing compressor and refrigeration technologies, including AI-driven machinery enhancements to boost operational efficiency by about 30%. In 2023 and 2024, Hanbell also expanded its manufacturing presence strategically by establishing a new facility in Southeast Asia aimed at adding significant growth in international revenue.
Further strategic moves include the acquisition of a 14% stake in Zhejiang Keente Motor Technology Co., Ltd., enhancing its capabilities in motor technology and reinforcing its competitive position in precision machinery. Institutional investors have shown increased confidence in Hanbell’s growth trajectory, highlighted by recent stake increases from significant asset management firms and investment groups. These developments underline Shanghai Hanbell Precise Machinery’s commitment to becoming a world-leading brand in the fluid mechanical and electrical machinery industries with a strong focus on sustainable, low-carbon, and energy-saving products. The company operates under a vision to create environmentally friendly industrial solutions while maintaining high technical standards and expanding its global market footprint.