Wanxiang Group Win Substantial Order from Hyundai

Resource from: cbcc-yinx Likes:2926

Dec 18,2006

Wanxiang Group Win Substantial Order from Hyundai Recently, Wanxiang Qianchao Company has accomplished their negotiation with Hyundai Group about supplying CV driving shafts. According to the negotiation, the Korean Hyundai Group are expected to purchase CV driving shafts and related products of no less than 800,000 annually from Wanxiang Group from 2008. CV driving shaft is the high tech and value-added auto parts products that Wanxiang Qianchao put priority to develop. Now, annual output for this products has reached 1,200,000, annual sales were RMB300 million. Wanxiang's CV driving shafts have been recognized by leading machinery producers in China and overseas. Additionally, Wanxiang Qianchao is carrying out capacity expansion to ensure an annual output of 5 million CV driving shafts in 2008. Thus they can have enough products to supply international leading enterprises like GM, Ford etc.

(cbcc-yinx)

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