Jiangnan Mould & Plastic Technology Co., Ltd.
Company Profile
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Business Overview
-Produces and sells automotive interior and exterior parts, primarily bumpers and body side moldings.
-The annual production capacity of bumpers is over 6 million sets.
-The company mainly supplies bumpers and other automotive interior and exterior parts to OEMs including BMW, Beijing Benz, Tesla, SAICGM, SAICVW, Jaguar Land Rover, Volvo, Beijing Hyundai, Dongfeng-Peugeot-Citroen, GAC NIO, Xpeng Motors, and BAIC Bluepark.
-The Company has production facilities in Wuxi, Shanghai, Yantai, Wuhan, Shenyang, Beijing, the U.S., Mexico, and other locations to serve nearby OEMs.
-In 2020, the Company’s joint venture with Beijing Hainachuan Automotive Parts Co., Ltd., Beijing Beiqi Mould & Plastic Technology Co., Ltd., won an order for the Huawei αS (Alpha S) version of the BAIC BluePark New Energy Technology Co., Ltd. ARCFOX platform.
Shareholders
| -The Company is listed on the Shenzhen Stock Exchange | (As of Dec. 31, 2020) |
| Shareholders | Shareholding Ratio (%) |
| Jiangyin Mould Plastic Group Co., Ltd. | 32.27 |
| Jiangyin Jingli Machinery Co., Ltd. | 6.00 |
| Others | 61.73 |
| Total | 100.00 |
Products
-Front/rear bumpers
-Scuff plates
-Body side moldings
-Spoilers
-Wheel guards
-Rear window frame trims
-B-pillars
-Trunk trims
-Door edge moldings
-Emblems
-Instrument panels
-Sill plates
-Grilles
-Wheel openings
-Hood trim strips
-Fuel doors
History
| 1988 | The Company's predecessor, Jiangyin Steel Plant, was reorganized and formed into a stock company, Jiangyin Xingcheng Metallurgy Co., Ltd. |
| Feb. 1997 | Listed on the Shenzhen Stock Exchange. |
| Nov. 1999 | Jiangyin Mould Plastic Group Co., Ltd. bought into the Company and became the largest shareholder in replacement of Jiangsu Xingcheng Group Co. |
| May 2000 | The Company adopted a new corporate name, Jiangnan Mould & Plastic Technology Co., Ltd. |
| Jan. 2002 | Established Shanghai Mingchen Mould & Plastic Technology Co., Ltd., a subsidiary. |
| Aug. 2003 | Established Wuhan Mingjie Mould & Plastic Co., Ltd., which is a joint venture company. |
| Jan. 2004 | Established Shenyang Minghua Mould & Plastic Technology Co., Ltd., which is a joint venture company. |
| Aug. 2004 | The Company and Milacron Plastics Technologies Group Inc. of the U.S.A. jointly established Jiangyin Milacron Plastic Machinery Co., Ltd. |
| 2006 | The Company established Yantai Mingyue Mould & Plastic Co., Ltd. in Yantai City, Shandong Province. |
| 2008 | The Company and Beijing Automotive Industry jointly established Beijing Beiqi Mould & Plastic Technology Co., Ltd. |
| 2010 | The Company purchased the remaining 10% of the stock of Wuhan Mingjie Mould & Plastic Co., Ltd. and turned the joint venture into its wholly owned subsidiary. |
| Dec. 2013 | The Company transferred the entire 18 percent shareholding in debt-ridden Milacron Plastics Machinery (Jiangyin) Co., Ltd. to Milacron Plastics Technologies Group LLC., its joint-venture partner in the U.S. |
| Jul. 2014 | Beijing Beiqi Mould & Plastic Technology Co., Ltd., a joint venture of the Company acquired a bumper production line from Zhuzhou Times New Material Technology at CNY 35 million. The bumper business unit of Zhuzhou Times New Material Technology has become the Zhuzhou Branch of Beijing Beiqi Mould & Plastic Technology Co., Ltd.. |
| Jul. 2015 | The Company announced that it will establish a wholly owned subsidiary in San Luis Potosi, Mexico. The new company will be called MingHua de Mexico. It will be capitalized at USD 15 million, and investment in this project is expected to reach USD 100 million. |
| Jan. 2016 | The Company announced that its wholly owned subsidiary Jiangsu Juhui Investment Management Co., Ltd. will establish a bumper production facility in Greer, South Carolina, U.S. The new company will be called MingHua USA Inc. and will be capitalized at USD 5 million. |
| Mar. 2016 | The Company announced that it will acquire part of the assets of Shenyang Jingli Machinery Co., Ltd. for CNY 69 million. |
| May 2016 | The Company held a ground breaking ceremony for Minghua USA Inc.'s plant in Greer, South Carolina. |
| Dec. 2016 | The Company acquired a 100% stake in Shenyang Jingli Machinery Co., Ltd. |
| Oct. 2017 | The Company plans to set up a new wholly owned subsidiary, Changshu Jiangnan Mould & Plastic Technology Co., Ltd. |
| Jan. 2018 | The Company completed acquisition of all the shares of Jiangyin Daoda Decorative Parts Co., Ltd. |
| Apr. 2018 | The Company established Jiangsu Jiangnan Mould & Plastic Technology Co., Ltd. |
Supplemental Information 1
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Note: A figure in brackets ( ) indicates a loss