Zhejiang Asia-Pacific Machine & Electric Co., Ltd. FY2009
Business Highlights
Listing of Stock
-On August 27, the Company was listed on the Shenzhen Stock Exchange((From an announcement by the company, August 27, 2009)New Subsidiary
- The Company will establish a wholly owned subsidiary, which is tentatively called Chongqing Asia-pacific Automobile Chassis Co., Ltd., in Chongqing. The new subsidiary will initially produce disc brakes and drum brakes for the Chonqing Division of Chongqing Changan Automobile. (From a press release, April 8, 2010)-The Company will establish a wholly owned subsidiary in the Anji Economic Development Zone, Huzhou, Zhejiang. The new subsidiary, which is tentatively being called Anji Asia-pacific Brake Systems Co., Ltd. will be capitalized at 30 million yuan. The subsidiary will develop, manufacture, market, import and export automotive brake systems and chassis systems. (From a press release, April 28, 2010)
R&D
R&D Structure
- The Company established a technical center in 1996.- The Company established a post-doctoral research station in 2003, which is mainly responsible for cutting-edge research topics including:
automotive-wire braking systems,
electronic parking control systems,
automotive-wire electro-hydraulic braking systems,
vehicle stability and tire puncture emergency braking control systems
(Source: company's website as of 2010)
Industry-university Collaborations and Future Plans
-In 2000, the Company developed ABSs jointly with Tsinghua University.-In 2005, the Company developed magnetic brakes jointly with Jiangsu University
In 2009, the Company applied for 22 new patents and nine patents in 2008 were approved. They were:
-an electronic braking controlling unit
-an electrohydraulic wire-control braking system
-a hydraulic disc braking caliper
-an electronic mechanical braking system
-an electronic parking brake
-a type of ECU
-a plunger type piston structure in hydraulic pressure driving system
-a clutch hydraulic pressure release system and a hydraulic pressure braking system
Investment Activities
Capital Investment Projects for FY2009
Project | Budget (in million yuan) |
Amount invested in 2009 (in million yuan) |
Status |
Disc brake facility (annual production capacity to be 2.6million sets) | 230 | 54.49 | Under construction |
Axle module facility (annual production capacity to be 100k sets) | 80 | 2.38 | Under construction |
Drum brake facility (annual production capacity to be 1.2million sets) | 60 | 67.63 | Under construction |
Master cylinder/wheel cylinder facility (annual production capacity to be 0.3million sets) | 40 | 2.03 | Under construction |
Vacuum booster facility (annual production capacity to be 0.3million sets) | 30 | 2.9 | Under construction |