Baldor Electric Company, which markets, designs, and manufactures electric motors, drives, and generators, announced that it has entered into a technological and sales agreement with Tech.Full Industry Company, Ltd., a manufacturer of induction linear motors located in Harbin.
Baldor will assist Tech.Full with design technology, manufacturing technology, and the creation of a nationwide sales network in China for linear motors. The venture will be named Baldor-Tech.Full Electric (Harbin) Company, Ltd. Baldor will be a minority shareholder in the company.
Baldor Electric Company manufactures industrial motors, drives, and generators at 15 U.S.A. locations and one plant in England. Its products are exported to approximately 65 countries around the world. International sales at Baldor are expected to rise by 20%, to approximately $100 million in 2004.