1996 "Xuzhou Ramsey Technology Development Co., Ltd." was established as a joint venture with Ramsey Company of the United States. In September 2006, the name of the joint venture company was changed to "Jiangsu Saimo Ramsey Technology Co., Ltd.".
In 2006, the group company was established in the name of Jiangsu Saimo Group Co., Ltd.
The registered capital is 32.3 million yuan.
In 2006, it acquired the equity of American investors in the joint venture company "Jiangsu Thermo Fisher Scientific Ramsey Technology Co., Ltd.".
20 1 1 The whole limited liability company was changed into a joint stock limited company.
The company name was changed to: Saimo Electric Co., Ltd.
The registered capital is 60 million yuan.