On October 22th, a research team led by Wen Zhenfu of SASAC Director Province came to Xianning City to inspect the old factory plot of Tri-ring Motor Steering Gear Co., Ltd. and the project of a new type steering gear （hereinafter referred to as Benz TKPS） of Tri-ring Motor Steering Gear Co., Ltd. Ren Zhenhe, Secretary of Xianning Municipal Committee, Ding Xiaoqiang, Deputy Secretary of the Municipal Committee, Mayor of Xianning City, Cai Guangxing, Vice Mayor of Xianning City, and others attended the seminar.
Hubei Tri-ring Motor Steering Gear Co., Ltd. is a professional enterprise that produces automobile steering gear and steering system components. The “FORNI” trademark has been rated as a famous trademark in Hubei Province. In 2012, the company signed an investment agreement to introduce German Benz tkps technology and started a new type power steering gear （German Benz tkps） project with a total investment of 550 million yuan and a land area of about 200 mu. The company mainly produces Benz directional motors with an annual output value of about 500 million yuan and an annual tax of 50 million yuan.
At the symposium, Wen Zhenfu said that Hubei Tri-ring Motor Steering is striving to become the first in the world automobile industry by introducing German technology. After reviewing the project situation, the research team believes that Tri-ring Motor Steering has a professional research and development team and perfect technical route, has the conditions for large-scale production and construction, and has a broad market prospect for new products, hope to get the support of the preferential policies of Xianning government in terms of land for project development.
City leaders expressed their gratitude to the provincial SASAC for its long-term care and love for Xianning. They will fully support and serve the development of Tri-ring Motor Steering. They hope that Tri-ring Motor Steering will raise funds for the start-up of the new type power steering gear （Germany Benz tkps） project as soon as possible by applying for the issuance of collective bonds, transferring land in the original site, and increasing capital and shares of other enterprises, so as to start construction and production as soon as possible and maintain the vitality of the forefront of the market.