A technician works at the factory run by Up Machinery in Hai'an, Nantong. [Photo/WeChat account: hafbwx]

The new research and development center of Up Machinery in Hai'an, Nantong, built with a total investment of 60 million yuan ($8.68 million), has reached the final stage of construction and is expected to begin operations in June this year.

The facility will focus on deep-sea logistics equipment to better meet evolving market demand and further strengthen the company's technological leadership.

The company has made a strong start to 2026. In January, it secured new contracts totaling 60 million yuan, with both domestic and international orders growing in tandem. Overseas business has shown particularly strong momentum, with products being exported to Southeast Asia, Europe, and Africa. International operations now account for 30 percent of the company's overall revenue.

"Building on this solid start, we aim to increase our total output value by 20 percent in 2026 compared with last year," said Zhang Peng, general manager of the company.

Up Machinery has developed deep expertise in intelligent bulk material loading, unloading, and conveying equipment. Its products are widely used across sectors, including power generation, ports, metallurgy, and offshore engineering. The company holds more than 50 percent of the domestic market share in its segment, and exports its equipment to over 40 countries and regions worldwide.