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American Metal & Technology Adds 17 CNC MAZAK Lathes
01/04/2008 - American Metal & Technology increases production capacity with the purchase and installation of 17 additional CNC MAZAK lathe machines.
American Metal & Technology, Inc. has increased its production capacity with the purchase and installation of 17 additional CNC MAZAK lathe machines.
"Over the last three years we have invested in our production capacity to aid in our expansion plans, and we are enthusiastic about our business strategy,” said Chen Gao, President and CEO.
American Metal & Technology’s new lathes combine advanced technology, productivity and value to deliver exceptional performance. They deliver multi-tasking capability with milling and turning in a single machine. Power and speed is increased in virtually every category. The new machines are also equipped with the Mazatrol Matrix CNC control, featuring simple, smart programming, complete with monitoring and diagnostics.
“We have increased revenue and income generated from new customers in Europe and in the United States, as well as an increase from 30 CNC MAZAK lathes in 2006 to 40 CNC MAZAK lathes in 2007, which significantly increased our production capacity,” said Gao. “The addition of 17 new machines will increase our production capabilities by 20% in 2008.”
American Metal & Technology, Inc., through its wholly owned subsidiary American Metal Technology Group (AMTG, a Nevada Corporation) and AMTG's subsidiaries, Beijing Tong Yuan Heng Feng Technology Co., Ltd. (BJTY) and American Metal Technology (Lang Fang) Co., Ltd. (AMLF), is a leading manufacturer of high precision casting and machined products in P.R. China. The subsidiaries operate in a 53,819-square-foot manufacturing plant with monthly output capacity of 1,000,000 parts.
In 2006, AMTG expanded into the design and manufacture of electric circuit boards for home appliances and motion controllers, and was able to achieve profitability in its first year of operation by providing controller solutions to top-brand appliance manufacturers in China.
