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ASIMCO Technologies Limited - FY2008
Business Highlights
Construction of new plant to manufacture electronic control single-unit pump compliant with China lll emissions standards
- In 2008, ASIMCO Nanyue (Hengyang) Co., Ltd. constructed a new plant to manufacture electronic control single-unit pumps, which are compliant with the China lll emissions standards (Chinese version of the Euro lll regulations). After completing the plant building, the company started installing production equipment. Since 2007, the company has been manufacturing the next-generation pump at its existing facilities. The new establishment will enable it to go into full-scale production of the product.
- In 2008, ASIMCO Nanyue (Hengyang) Co., Ltd. constructed a new plant to manufacture electronic control single-unit pumps, which are compliant with the China lll emissions standards (Chinese version of the Euro lll regulations). After completing the plant building, the company started installing production equipment. Since 2007, the company has been manufacturing the next-generation pump at its existing facilities. The new establishment will enable it to go into full-scale production of the product.
R&D
R&D facilities
- The Company conducts research and development on NVH and other technology related to engines and chassis at its R&D center in Anhui Wuhu.
- The Company conducts research and development on NVH and other technology related to engines and chassis at its R&D center in Anhui Wuhu.
Investment Activities
-Major investment projects (as of Dec. 2008)
| Investment projects | Investment amount (planned) |
Details | Progress/Remarks |
| Constructing a new facility at Asimco Nanyue (Hengyang) Co., Ltd., the Company's subsidiary in Baishazhou Industrial Park, Hengyang City, in order to manufacture electronic control fuel injection pumps. | 400 million yuan | <Phase One> Building a new facility to make electronic control single-unit pumps, which are compliant with the China lll Emissions standards (Chinese version of the Euro lll regulations). The Company is ready to spend some 200 million yuan by the end of 2008 on this project, targeting an annual production capacity of 60,000 sets. <Phase Two> The Company is aiming to increase its capacity to 300,000 sets by the end of 2010 by making an investment of another 200 million yuan. |
The Company is in the progress of working on the project |
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