Structural readjustment: Muyang R&D Institute formed

Muyang announced the formally establishment of the Muyang R&D Institute on March 11 after restructuring all research resources group-wide. Muyang CEO, Mr. Chen Zhengjun, concurrently serves as the head of Muyang R&D Institute.

The new R&D Institute consists of an innovation center and several technology sub-centers. Engineers in the technology sub-center of each business division will focus on providing prompt customized product and project solutions that catering to the current customers’ demand, while researchers in the innovation center will dedicate themselves to develop cutting-edge products and technologies that keep customers leading in the industry for 3~5 years in the future.

“The restructuring is to further extend Muyang’s technological leadership, make it more competitive and better organized for our present business development and future strategy of growing into a leading global integrated solution provider for the Farm-Food value chain.” Mr. Chen said.

Three percent of the Group’s total sales will be spent on research and development. Activities will emphasize on energy-efficiency, smart production and cost-saving.