Suzhou South Science Technology Electronic Co.,Ltd ,established in May 1993 and known as a Jiangsu High&New Tech Enterprise and a Jiangsu Private Science&Technology Enterprise, has been specialized in developing, manufacturing, distributing and servicing automatic banking equipments(coin and banknotes counting and sorting).
With the registered capital of RMB 20 million, the company is staffed with 256 employees including 82 engineers and technicians. The company holds 50 patents including 10 invention ones.
The company is furnished with the most advanced equipments such as the laser cutting machine, CNC and CMM etc. With the existing 7600 m2 building for development and manufacturing, the company is implementing the industrialized banking equipment project which covers 11 hectares with the first section of 37,000.00 m2 completed. The total planned investment is RMB 105 million(including the equipment import of RMB 60 million). The company has been approved by the ISO9001 since August 2002.
Aiming at producing China Top Brand with quality oriented concept, the company has been digesting advanced foreign technologies. The company started the technical cooperation with Reis in Germany and Musashi in Japan since 1996 for the development and manufacturing of more than 20 coin and banknote products. These products have been approved by CE and GS from German TUV center as well as the CCC certificate from China Electro-magnetic Compatibility Center with the same quality level as the global advanced brands. 90 percent of the existing products are exported to Germany and some western European countries. The company enjoys good reputation in development and application in the world.
In 2001 the company made special market investigation and survey in Chinese market and developed and assembled Tellac-9c banknote counter which can count and detect 6 different currencies, YFJ series medium and high speed coin sorters with counterfeit detection feature, mini mixed coin counting and detecting counter. In the meantime the company contracted with Reis in Germany about the training and manufacturing of YBJ series of coin wrappers and independently produced automatic coin wrappers in China and configured the related machines for the coin processing system.
On the base of successful technical cooperation for years between South and Reis, to have a better coordination of the international market , the development and application of new technologies, OEM processing and the interests and cooperation in developing Chinese market, both parties agreed to set up the joint venture, Procoin GmBH , in Germany with 50-50 share. The first products to be imported from Procoin by South are PRC951 US dollar detector, PRC952 multi-currency detector, PRC960 multi-currency mix banknote counter, and PRC955 desktop banknote sorter etc. and the distribution and service will be carried out accordingly to the maturity of the products.
The company offers products and service through direct sales or regional dealers. Up to now
the factory has set up 46 service spots in 30 provinces ,cities and autonomous regions to
offer the after-sale service and technical training, which supplies satisfactory after-sale
service and maintenance for the banking fields in China.