SMTCLShenyang Machine Tool Co., Ltd. (China)
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SMTCL is a subsidiary of SYMG, the largest Machine Tool Manufacturer in the world producing 80,000 Machine Tools each year and with revenues of $2.9 Billion.
Says SMTCL USA's Fang, "We feel bad for Vanguard too, but business is business."
Through its SMTCL USA subsidiary in California, Shenyang tried to terminate the exclusive distribution contract.