Recently, Hunan Quanyu Industrial Equipment Co., LTD. (referred to as Quanyu Industry), which focuses on casting grinding robot technology, completed A round of financing of nearly 100 million yuan. This round of financing is invested by Deutsche Union Capital and Beijing Guguanshun Jubilee Fund, and the funds will be mainly used for capacity enhancement, capacity enhancement, product iteration and new business model implementation.

Quanyu Industry was founded at the end of 2019, and the core team has been focusing on the process of clamping neck in the casting industry – cleaning and grinding since 2012, and the application of precision farming robot technology in this field. More than 10 years of process accumulation has made Quanyu Industry the only enterprise in the industry to solve the difficult technology of casting deformation and mixed line production. In the more than 3 years since its establishment, Quanyu Industry has completed the modularization and serialization research and development work of polishing robot products, and the products have been rapidly iterated, which has covered many casting subsectors such as automobiles, engines, construction machinery, rail transit, and machine tools. Weichai, Yuchai, CRRC, ASIMCO International Casting, China Aerospace and other casting fields for a number of head customers to provide standardized grinding station, line and workshop level equipment and services.

The process characteristics of the casting itself lead to poor consistency of the casting blank products, complex product types and other industry pain points, and the grinding process and the metal dust generated by the grinding and the harsh casting environment also bring great challenges to the stability of the equipment, which is the industry problem in the grinding process to achieve automation. Through the continuous iteration and optimization of a number of core technologies such as 3D vision algorithm, robot ontology technology, rigid and flexible grinding tools, Quanyu Industrial grinding robots have the ability of fusion perception, and ensure the grinding accuracy of equipment within ±0.5mm in the case of mold changes and wrong boxes of castings. Solve the casting blank positioning problem to meet the casting enterprises multi-variety, small batch of one-click production needs. It is based on the core technology of the whole Yu industry that the company’s grinding robot products continue to cut into new casting market segments, including construction machinery counterweight castings and machine tool castings.

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On the one hand, the epidemic and the rapid changes in the international environment; On the other hand, national environmental protection, capacity replacement and other policies promote the acceleration of the foundry industry reshuffle, and the accumulation of foundry production capacity shows an accelerated trend, and also promotes the accelerated outbreak of the casting grinding market. “Before the tuyere comes, we must be prepared in order to catch and walk steadily.” Wu Zhenyu, CEO of Quanyu Industry, said, “It is the team that makes the casting grinding robot products to the extreme, so that Quanyu Industry’s grinding robot equipment can be used well and easily at the customer site, and can create value for customers, so it will produce a large number of re-purchases.” Foundry subdivision industry circle is not large, word-of-mouth, the company’s reputation came out, and new customers also came, which is the cornerstone of the company’s development. Asimco International Foundry, as the earliest customer of the company, has signed 10 contracts and invested in the construction of a new 60,000-ton factory this year. All the robot automation projects in the factory are undertaken by Jeonwoo Industrial, which is the highest trust and recognition of the customer’s capability of Jeonwoo Industrial.”

Fan Xuesong, executive director of Deunion Capital, said: China’s annual production of castings is about 50 million tons, which is about 50% of global production. The harsh working environment of foundry grinding has formed a continuous threat to the health of polishing workers, and the difficulty of recruiting workers has become a common problem in the industry and has intensified year by year. Robot instead of manual grinding has become the industry’s best choice. After years of technical research and development and exploration, the team of Quanyu Industry has carried out position correction and size compensation for castings by integrating various methods such as perception, solving the worldwide problem that trajectory planning cannot be accurately carried out in the robot grinding process of medium and large castings and complex castings, and greatly expanding the categories of castings for robot grinding. Its products have been applied in batch in large leading foundry enterprises such as CRRC, Weichai, Valin, Yuchai, Asinke, etc., and have been widely recognized and continuously supported by customers, realizing the true “robot substitute”. We believe that Quanyu Industry will become a leading enterprise in China’s high-end manufacturing field, and Delink Capital is honored to work with such a team with deep technical accumulation and industrial ideals to witness the transformation of China’s foundry industry to an intelligent and unmanned direction.

Zhao Yun, investment director of Beijing Guguan Shunxi Fund, said: Casting industry is the basis of industrial manufacturing, grinding process as an indispensable part of the casting industry, facing labor shortages, workers too old and other problems, machine demand for people is very rigid. In the field of casting grinding automation for many years, Quanyu Industry has a deep understanding of casting grinding scenes and automatic grinding equipment, and has created core technology products integrating hardware and software to solve the industry pain points such as casting deformation. It has completed head customer verification and batch import in many fields such as engines, auto parts, counterweight, machine tools, and entered the market expansion stage. In the future, with the joint efforts of the company team, we believe that Quanyu Industry will rapidly grow into a leading enterprise in the field of intelligent manufacturing, and continue to contribute to the transformation and upgrading of China’s traditional industries.