GRG Celebrates 11th Anniversary

Guangzhou, China- based GRGBanking Equipment Co., LTD.(GRG) recently celebrates its 11th  anniversary.

As the first ATM provider in China, with 11 years of innovation, today, GRG has become one of the largest banking self-service solution providers in the world. Ranking No.1 in China over the past 2 consecutive years consolidates GRG’s leadership position in the world’s second largest ATM market.

11 years ago, optimistically forecasting the great potential in ATM and self-service industry, Guangzhou Radio Group(GRG) successfully entered into ATM industry through the acquisition of Yuntong(Hongkong) Co.,Ltd.. Yuntong(Hongkong) Co.,Ltd. developed and manufactured the first Chinses ATM.

Coming through the decade’s prosperity and adversity, presently, GRG employs more than 3000 associates and owns a newly founded 364,500 square-foot complex which consists of R&D, manufacturing, sales and service facilities with 40,000+ ATM production capacity annually. GRG has been expanding its products from ATM fleet to extensive banking service solutions to over 50 countries and regions worldwide. In the past 5 years, GRG has been maintaining steady and fast development with its operation revenue increasing from $34 million in 2005 to $218 million in 2009 and , this powerful momentum continues through the first half of 2010 and beyond.

“Based on the global presence of GRG products and service networks, with offices and branches in North America, East Europe, Middle East, Africa and Hongkong, etc., GRG is growing international rapidly and ready to turn to face the world.” Said Eduardas Vaigauskas, general manager of GRGBanking Equipment(HK) Co., Ltd., on the occasion of the 11th anniversary.