Fuyao Glass Industry Group Co., Ltd.
Company Profile
Business Overview
-The Company is a major Chinese supplier that provides safety glass and automobile trim solutions for various modes of transportation. It designs, manufactures, distributes and services many products, including automotive float glass, automotive glass, railway glass, luggage racks, and car window trims.
-It supplies products to customers including Bentley, Mercedes, BMW, Audi, GM, Toyota, VW, Ford, Chrysler, Nissan, Honda, Hyundai, Fiat, Volvo, Land Rover. The company’s global share of automotive glass is over 30%, and its China market share is over 68%.
-It has modern manufacturing sites and business organizations in 16 provinces and cities in China, 11 countries and regions including the U.S., Russia, Germany, Japan and South Korea, and six design centers in China, the U.S. and Germany. The Company’s global workforce is approximately 28,000 employees.
Shareholders
| Listed on the Hong Kong and Shanghai Stock Exchanges. | (as of Dec. 31, 2022) |
| Shareholders | Investment Ratio (%) |
| HKSCC Nominees Limited | 22.83 |
| Hong Kong Sanyi Development Co., Ltd. | 14.97 |
| Others | 62.20 |
| Total | 100 |
Products
Automotive Glass
Window glass
Door glass
Roof window glass
Front glass
Rear glass
New generation connected car smart glass
Float Glass
Window and Door Products
Window frames
Weather strips
Glass run channels
Roof windows
Roof window parts
Antenna glass
Printed antenna
Wired antenna
Coated antenna
True active glass antenna
Functional Glass for Automobiles
Laminated glass
Tempered glass
Insulating glass
Encapsulated glass
Bulletproof glass
Hydrophobic glass
HUD front glass
Sound insulating glass
Heat insulating glass
Internal heating wire printed glass
Head-up display (HUD) glass
Dimming glass
History
| 1987 | Established as Fujian Yaohua Glass Industrial Co., Ltd. in Fuzhou, Fujian. Started to produce automotive safety glass. |
| 1991 | Became a stock company and changed the company name to Fujian Yaohua Glass Industrial Co., Ltd. |
| June 1993 | Listed on the Shanghai Stock Exchange. |
| Dec. 1994 | Established Fuyao (Hong Kong) Limited in Hong Kong by investing USD 2 million. The new subsidiary engages in Fuyao Group's import and export operations. |
| Mar. 1994 | Established Fuyao Group (Fujian) Machine Manufacture Co., Ltd. to manufacture machinery to produce automotive glass; in Fuqing City, Fujian Province. |
| July 1994 | Established Fujian Wanda Auto Glass Industry Co., Ltd. The new subsidiary manufactures automotive safety glass. |
| Dec. 1994 | Established Greenville Glass Industries Inc. in South Carolina, U.S.A. as a sales agent for the North American market (USA and Canada). |
| Dec. 1995 | Established Fuzhou Greenville Glass Co., Ltd., which was absorbed by Fujian Wanda Automobile Glass Industry Co., Ltd. in 2005. |
| Jan. 1996 | The Company adopted a new name: Fuyao Glass Industry Co., Ltd. Group. |
| Mar. 2000 | Established Fuyao (Moscow) Limited. |
| Sep. 2000 | Established Fuyao Group Changchun Co., Ltd. to manufacture automotive safety glass; in Changchun City, Jilin Province. |
| Apr. 2001 | Established Fuyao Glass (Chongqing) Fittings Co., Ltd. to manufacture windshields for passenger cars and buses; in Chongqing City. |
| Apr. 2002 | Established Fuyao Group (Shanghai) Automobile Glass Co., Ltd. to manufacture windshields for passenger cars and buses; in Anting Automobile City, Shanghai. |
| Nov. 2002 | Established Fuyao Group Tongliao Co., Ltd. to manufacture float glass; in Tongliao City, Inner Mongolia. |
| Apr. 2003 | Established Fuyao Group Beijing Futong Safety Glass Co., Ltd. to manufacture automotive safety glass; in Beijing City. |
| Aug. 2003 | Acquired Shuangliao Float Glass Factory in Shuangliao City, Jilin Province and established Fuyao Group Shuangliao Co., Ltd. to produce float glass. |
| Jan. 2004 | Jointly with GDX of the U.S. established GDX-Fuyao Glass Systems (Changchun) Co., Ltd. to manufacture automotive glass sealing. |
| Mar. 2004 | Established Fuyao Glass (Chongqing) Co., Ltd. to manufacture automotive safety glass; in Chongqing City. |
| Aug. 2004 | Established Fuyao Hainan Float Glass Co., Ltd. to manufacture float glass; in Haikou City, Hainan Province. |
| Mar. 2005 | Established Fuyao (America) Limited in South Carolina, U.S.A. to take over marketing operations for Fuyao glass which had been conducted at Greenville Glass Industries, Inc. |
| 2006 | The Company established Guangzhou Nansha Fuyao Automobile Glass Co., Ltd. in the Nansha Development Zone, Guangzhou City in order to manufacture safety glass. |
| June 2006 | Fujian Wanda Automobile Glass Industry Co., Ltd. established Guangzhou Fuyao Glass Co., Ltd. to manufacture automotive safety glass; in Zengcheng City, Guangdong Province. |
| July 2006 | Established Fuyao Fujian Glass Bonding Co., Ltd. to manufacture edge-wrapping automotive safety glass; in Fuqing City, Fujian Province. |
| July 2006 | Established Fuyao Fujian Automobile Fittings Co., Ltd. to manufacture roof windows and window frames; in Fuqing City, Fujian Province. |
| Oct. 2006 | Established Fuyao (Fujian) Bus Glass Co., Ltd. to manufacture windshields for buses; in Fuqing City, Fujian Province. |
| March 2007 | The Company established Shanghai Fuyao Coach Glass Co., Ltd. in Anting Automobile City, Shanghai in order to manufacture special glass for large buses. |
| May 2007 | The Company established Fuyao Automotive Trim (Shanghai) Co., Ltd. in Anting Automobile City, Shanghai in order to manufacture window trims. |
| Nov. 2007 | The Company established Fuyao Glass (Hubei) Co., Ltd. in the Jingmen Development Zone, Hubei Province to manufacture safety glass products and special glass. |
| Nov. 2007 | The Company acquired SCHE35 Verwaltungsgesellschaft mbH, an automotive glazing unit of Zehner Industriebeteiligungs-GmbH of Germany. After the capital buyout was completed, the German subsidiary was renamed Fuyao Europe GmbH. |
| July. 2008 | Jointly with Ningbo Chifei Automobile Parts Co.,Ltd. established Ningbo Fuyao Automobile Parts Co.,Ltd. to produce moldings. |
| Apr. 2009 | The Company sold Fuyao Hainan Float Glass Co., Ltd. to Hainan China Aviation Special Glass Materials Co., Ltd. |
| 2010 | Purchased Chongqing Wansheng Float Glass Co.,Ltd. and Fuyao(Changchun) Bus Glass Co., Ltd.. Established Fuyao Hongkong. |
| Nov. 2010 | The Company established Fuyao Automotive North America, Inc., a wholly owned subsidiary, in Michigan, U.S.A. |
| Apr. 2011 | Established Zhengzhou Fuyao Glass Co., Ltd. |
| Jun. 2011 | Established China Fuyao (Russia Kaluga) Glass Industry Co., Ltd. |
| Mar. 2012 | Established Foshan Fuyao Glass Co., Ltd. |
| Jun. 2012 | Established Fuyao (Shenyang) Automobile Glass Co., Ltd. |
| Nov. 2012 | Established Fuzhou Fuyao Float Glass Co., Ltd. |
| Dec. 2012 | Established Chengdu Lvrong Automotive Glass Co., Ltd. |
| Sep. 2013 | The Company has completed the first phase of its plant construction project in Kaluga, Russia. which is capable of producing automotive safety glass for 1 million vehicles per year. |
| Oct. 2013 | The Company established a wholly owned subsidiary in Kaluga, Russia to produce float glass. |
| Oct. 2013 | The Company established a wholly owned subsidiary in Ohio, U.S.A. to produce automotive safety glass. |
| Dec. 2013 | Yantai Fuyao Glass Co., Ltd., a sub-subsidiary of the Company, broke ground for its automotive glass plant. |
| Mar. 2014 | The Company began to construct a new plant, Wuhan Fuyao Glass Co., Ltd., in the Wuhan Economic & Technological Development Zone. |
| Mar. 2014 | Baoding Fuyao Glass Co., Ltd. was established. |
| May 2014 | Fuyao Hainan Float Glass Co., Ltd. completed the registration procedures. |
| Jul. 2014 | Fuyao Automotive North America set up a subsidiary, Fuyao Glass Illinois Co., Ltd. (tentative name) in Illinois, U.S.. |
| Mar. 2015 | The Company was listed on the Main Board of The Stock Exchange of Hong Kong Limited. |
| May 2015 | Tianjin Hongde Automotive Glass Co., Ltd. was established. |
| Sep. 2017 | Fuyao International Holdings Co., Ltd. was set up. |
| Jun. 2018 | The Company's wholly-owned subsidiary, Fuyao (Hongkong) Co., Ltd., to purchase 100% shares in Fujian Triplex Automotive Trims Co., Ltd. at the cost of CNY 224 million. |
| Jun. 2018 | The Company sold 75% of shares in its subsidiary, Fuyao Group Beijing Futong Safety Glass Co., Ltd., to Taiyuan Jinnuo Investment Co., Ltd. |
| Feb. 2019 | Established a wholly owned subsidiary, Fujian Fuyao Automotive Aluminum (Fujian) Co., Ltd. |
| Mar. 2019 | Fuyao Automotive Glass Co., Ltd., a wholly owned subsidiary, acquired a 100% stake in Jiangsu Sanfeng Automobile Decoration Co., Ltd. |
| Aug. 2019 | Established a wholly owned subsidiary, Fuyao Technology Development (Suzhou) Co., Ltd. |
| Dec. 2020 | The company acquired 4.55% of the shares of China Intelligent and Connected Vehicles (Beijing) Research Institute Co., Ltd. for CNY 58 million. |
| 2022 | Established Fuyao High Performance Glass Technology (Fujian) Co., Ltd. and Fuyao Tongliao Silicon Industry Co., Ltd. |
Supplemental Information 1
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Note: A figure in brackets ( ) indicates a loss