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  4. Anqing Huanxin Group Co., Ltd.
  5. Anqing Huanxin Group Co., Ltd. Business Report FY ended 2013

Anqing Huanxin Group Co., Ltd. Business Report FY ended Dec. 2013

Business Highlights

Pass the Test

-Anqing TP Goetze Liner Co., Ltd.. (ATGL), a subsidiary of the Company, announced that its new casting line (No.4) passed production process testing by Shanghai Automotive in May 2013. (From a press release on May 31, 2013)


-Anqing TP Goetze Liner Co., Ltd. (ATGL), a subsidiary of the the Company, announced that it has passed testing conducted by Volkswagen Germany, Volkswagen Beijing and Volkswagen Shanghai. ATGL is a Tier 2 supplier to the Volkswagen Group. This year, it started providing its EA111 and EA211 cylinder liners to both Kolbenschmidt Pierburg Shanghai Nonferrous Components Co., Ltd. and Ryobi Die casting Changzhou Co., Ltd., which supply die-casting components to Volkswagen. ATGL has supplied 400,000 units of these cylinder liners per month. (From a press release on May 14, 2013)

Investment Activities

Domestic Investment

-The Company announced that the company, the Shaanxi Province government, and Samsung SDI have signed a memorandum of understanding to establish an electric vehicle battery factory in Xian, China. The new joint venture is scheduled to be formed at the end of April 2014, to break ground for a new plant in the second half of the same year, and to begin production in 2015. Investment in this project is expected to reach approximately USD 600 million over the next five years. Samsung SDI is one of the world’s largest lithium-ion battery suppliers, having over 25 percent share in the global market. Its lithium-ion batteries are used on vehicles from major automakers such as BMW, Volkswagen and Chrysler. (From a press release on March 7, 2014)

-Anqing TP Goetze Liner Co., Ltd. (ATGL), a subsidiary of the Company, has started construction of its fifth aluminum casting line. The new production line is scheduled to be completed by the end of March 2014. The company expects to increase its aluminum cylinder liner capacity to 36 million units per year with this expansion. (From a press release on November 27, 2013)

-Anqing TP Goetze Piston Ring Co., Ltd., which is a subsidiary of the Company, completed construction of a facility to develop and produce piston rings for internal combustion engines in 2013. (From a press release on November 7, 2013)

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