Shandong Altec

Based in China, Shandong Altec Machine & Tools specializes in manufacturing advanced machinery and equipment designed to enhance operational efficiency across various industrial sectors. Founded in 2013, Shandong Altec operates from Rizhao, China, focusing on the production of machinery for industrial applications. The company has undergone a significant business transition, culminating in a recent acquisition by Tianrun Industry, which is expected to enhance their operational capabilities. On July 23, 2025, the company secured CNY 135 million in an Add-on funding round, marking its sole investment round.

The founder's history is not documented in available resources. Shandong Altec specializes in a range of innovative products aimed at enhancing operational efficiency for various sectors. Their core offerings include advanced machinery and equipment designed for industrial applications, focusing on optimizing production processes and reducing downtime. These products have been crafted to address specific challenges faced by manufacturers and service providers, such as improving output quality and reducing operational costs.

Shandong Altec's customer base spans multiple geographical markets, including North America, Europe, and parts of Asia, effectively serving industries ranging from automotive to construction. The company's commitment to quality and innovation has positioned it as a reliable partner for businesses seeking to improve their manufacturing capabilities. Shandong Altec generates revenue through direct sales of its flagship products to businesses in the manufacturing sector, establishing a robust B2B transaction structure. The company engages in partnerships with distributors and wholesalers, ensuring its products reach a wider audience while maintaining service standards.

Pricing plans for their products are structured based on individual client requirements, with tailored solutions designed to meet diverse operational needs. This transactional framework supports sustained revenue streams as clients often return for additional equipment or upgrades, reinforcing Shandong Altec's role as a key supplier in the industrial machinery market. In July 2025, Tianrun Industrial agreed to fully acquire Shandong Altec for CNY 135 million. This acquisition will enable Tianrun Industrial to strengthen its aluminum automotive parts capabilities by integrating Shandong Altec’s die-casting and alloy production operations.

The company plans to focus on expanding its vertical integration and enhancing quality and cost competitiveness in powertrain components, aligning its strategies for future growth.