Fawer Automotive Parts Limited Company - FY2011
Preparing to join the stock
-Guangdong Sunrise Holdings Co., Ltd., which has been working on a business reorganization project with Fawer Automotive Parts Limited Company, announced on August 10, 2011 that it will acquire Fawer Automotive Parts through a stock swap. Guangdong Sunrise will acquire all assets, liabilities, and business of Fawer. Upon completion of the share transfer, Fawer’s business will go public through Guangdong Sunrise. (From a press release, August 10, 2011)
-Fawer Drive Shaft Branch Company, a branch company of the Company, which exported 1 million yuan worth of drive shafts to KAMAZ of Russia in 2010, is aiming to double the amount to 2 million yuan in 2011. (From a press release, March 1, 2011)
R&D Facilities-The Company owns Fawer Automotive Parts Co., Ltd. Technology Center, an R&D center.
-The Company has R&D centers in its joint ventures, such as Faw-Valeo Climate Control Systems Co., Ltd.,FAW-Tokico Shock Absorber Co., Ltd.,FAW-Koyo Steering Systems Co., Ltd..
-The Company developed some key products independently, including body control modules, machine controllers for new energy vehicles, battery control management systems， battery pack modules and controllers for new energy vehicles.
-There are 496 technicians in the Company.