Guangzhou Automobile Group Component Co., Ltd. - FY 2009
Business highlights by product
Joint-venture with Hayashi Telempu
New joint-venture company with Hayashi Telempu
The Company; Hayashi Telempu Co., Ltd.; and Guangzhou Linjun Co., Ltd., which is a joint-venture company between the Company and Hayashi Telempu, established Wuhan Linjun Auto Trim Co., Ltd. as a joint venture. The new joint-venture company, which is the Company's first affiliate established in the Wuhan District, obtained an operating license in April 2008 and plans to start commercial production in 2009. It will supply interior products mainly to Dongfeng Honda Automobile (Wuhan). (From a press release, March 11, 2009)
Joint venture with GSK Group
The Company and the GSK Group of Taiwan established Guangzhou Guangqi Youlide Automotive Interior Systems Technology Development Co., Ltd. to manufacture interior components such as seats and door trims. The new company, which obtained an operating license in October 2008, plans to start commercial production in January 2010. (From a press release, March 11, 2009)
Body & Exterior Parts
Joint-venture with Ogihara
In December 2008, the Company and Ogihara Corporation jointly established Guangzhou GACC Ogihara Dies Co., Ltd. The new company, which obtained an official operating license in February 2009, aims to begin production in late 2010. This is the first time for the Company to create a joint-venture company in which it owns a majority rights. (From a press release, March 12, 2009)
Transmission PartsTransmission business launches operations
In Jun. 2009, the Company completed it's acquisition of one third of the shares in both Hangzhou Haveco Automotive Transmission Co., Ltd. and Hangzhou Haveco Transmission Technology Co., Ltd. from Nanjing Automobile (Group) Corporation. The Company's acquiring a transmission supplier enables the company to launch operations in the transmission business, a sector which until now the company hadn't done.
Business in Hangzhou Haveco Automotive Transmission, formerly a joint-venture company between Hangzhou Advance Gearbox Group Co., Ltd.; Nanjing Automobile; and Iveco of Italy,. was established as a transmission supplier in 1996 and began supplying transmissions to Fiat and other car manufacturers in China and elsewhere around the world.