ASIMCO Technologies Limited Business Report FY2010

Business Highlights


-Asimco Yizheng Shuanghuan Piston Ring Co., Ltd. after years of focusing its development activities to improve its products, was finally certified in becoming one of the suppliers of Chongqing Cummins in year 2008. (From a press release on May 15, 2009)



-Due to the financial crisis, the Company carried out reorganization initiatives and cut some low-added- value business operations. As examples it sold Asimco Automotive Components (Gu'an) Co., Ltd. and Asimco Shuangtai Components Co., Ltd. (Sichuan). It also merged some production facilities: Asimco Braking Technologies (Langfang) Co ., Ltd., Asimco PTI Air Intake System (Yizheng) Co., Ltd. and Asimco Hardware Products Co., Ltd.(From China Auto News, January 25, 2010)


-Yizheng Shuanghuan Piston Ring Co., Ltd., which is a subsidiary of the Company, has received the following awards from its customers: the Excellent Supplier Award for 2010 from Dongfeng Chaoyang Diesel Engine; the Excellent Supplier Award from Jiangxi Velff Engine Co., Ltd.; the Excellence in Quality Award from Deutz (Dalian) Engine Co., Limited; the Excellent Supplier Award for the seventh consecutive year from Shanghai Diesel Engine; and the Excellent Supplier Award from China National Heavy Duty Truck., the Excellent Supplier Award for 2010 from both Beijing Foton Environmental Engine Co., Lyd. and Tianjin Lovol Engines Co., Ltd., the Excellent Supplier Award for 2010 from Yuchai Machinery, the Best Quality Award from Weichai Power. (From a press release, April 12, 2011)


-Hengyang Auto Parts Factory (headquarters: Hunan Province) acquired ASIMCO group companies from Key Principal Partners LLC of the U.S. The group companies are Asimco Nanyue (Hengyang) Co., Ltd. and Asimco Nanyue (Hengyang) Aluminum Products Co., Ltd.(From news releases issued by multiple sources on November 8, 2010)


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.