Zhejiang Huanbei Laser Science & Technology Co.,Ltd.

Established in December 2017, the company is located in Yuyao City, Zhejiang Province, China. The company is a joint venture between Stjernberg Automation AB and Ningbo Tus Yangming Fund. Focusing on "Industry 4.0", "Made in China 2025" and "Machine Substitution" program. In June 2017, Li Keqiang, China's premier, and Jean-Claude Juncker, chairman of the European Commission, met with Stjernberg Automation AB's CEO, Magnus Stjernberg, at the "2017 China-EU SME Matchmaking Symposium." On August 31, 2017, Zhu Chunrong, the general manager of Zhejiang Robotics Industry Group and Magnus Stjernberg, CEO of Stjernberg Automation AB, signed a contract to participate in the presence of the Party Secretary of Zhejiang Provincial Committee and Swedish Minister of Innovation and Technology. Both parties agreed to establish a joint venture company in Zhejiang Province, China.