Changchun Faway Automobile Components Co., Ltd.

Company Profile

■URL

http://www.fawfw.com.cn

■Address

No.1399, Dongfeng South Street, Changchun Automobile Industry Development Zone, Changchun, Jilin 130011, China

Business Overview

-The Company has four kinds of the automotive products, including interior and exterior components, electronics, and wheels.

-The Company is the main supplier of the FAW Group, including FAW-VW, FAW car, FAW Jiefang, FAW Toyota, etc.

-In partnership with foreign companies, the Company operates multiple joint ventures to manufacture automotive products such as seats, interior components, mirrors, filters and plastic components.

-In 2015, the sales of the products decreased by 17.50%, down to 9,117.57 million yuan.Among them, the wheel product sales fell 18.11% compared to last year,down to 6,578.75 million yuan, accounting for the largest, 72.15%.

Shareholders

(as of Dec. 31, 2015)

Shareholders Shareholding Ratio (%)
China FAW Group 20.14
Changchun FAWSN Group Co., Ltd. 4.72
Deng Qunchang 1.21
Chengdu South Real Estate Development Co., Ltd. 0.93
Yu Xuejuan 0.81
Others 72.19
Total 100

Products

Wheels
-Steel wheels
-Aluminum wheels

Interior products
-Seats
-Seat frames
-Seat adjusters
-Seat parts
-Instrument panels
-Console boxes
-Door trims
-Roof trims
-Carpets
-Floor insulators
-Dash insulators
-Reinforcement plates
-Pedal plates

Exterior products
-Outside mirrors
-Mirror parts
-Bumpers
-Radiator grilles
-Lamps

Electronic and electric products
-Meters
-Digital clocks
-Dry ignition coils
-Relays
-BCM (Body Control Modules)  
-TPMS (Tire Pressure Monitoring Systems)

Filters
-Air filters
-Oil filters
-Fuel filters
-Filter elements
-Manifolds

Others
-Tool boxes

History

April 1993 The Company was established through a joint investment by China FAW Group Corporation, FAW Labor Service Company (Now FAW Sihuan Enterprise Corporation), and Auto-refitting Plant,China National Automotive Industry Corp.
Aug. 1996 Listed on the Shanghai Stock Exchange (Total number of shares issued : 60.5 million). Issued additional 15.50 million shares in the same month. 
Jan. 2001 Acquired Fawer Automotive Parts Co., Ltd. Wheel Branch Company and changed its name to Changchun FAW Sihuan Automobile Co., Ltd. Wheel Branch Company. 
April. 2002 Acquired Changchun Fawer-Johnson Controls Automotive Systems Co., Ltd. and added the new subsidiary to its reporting statements. 
Dec. 2002 The Company and MANN+HUMMEL, a German based automotive parts manufacturer, jointly established Changchun Mann + Hummel Fawer Filter Co.,  Ltd.
Jan. 2003 The Company, together with Taiwan Tong Yang Industry Group, established  Changchun Fawer Tong Yang Plastics Products Co., Ltd.as a joint venture.
April 2003 The Company established Tianjin Intex Auto Parts Co., Ltd. together with three Japanese manufacturers: Araco; Takanichi Co., Ltd.; and Toyoda Boshoku Corporation.
Oct. 2003 The Company established Changchun Mekra Lang Vehicle Mirror Co., Ltd. together with the German-based Mekra Lang GmbH & Co. KG.
Jul. 2004 The subsidiary, Changchun Fawer-Johnson Controls Automotive Systems Co., Ltd. acquired a 48% stake in Tianjin Kahou Auto Trimming Co., Ltd., an automotive seat and interior parts supplier, which is owned by Tianjin FAW Xiali, thus becoming its largest shareholder.
Dec. 2004 Changchun Fawer-Johnson Controls Automotive Systems Co., Ltd., a subsidiary of the Company, established Changchun Xuyang Fawer-Jonson Automobile Seat Frame Co., Ltd., a joint venture with Changchun Xuyang Industry Group for production of seat frames for use in automobiles.
Oct. 2008 The Company adopted a new corporate name, Changchun Faway Automobile Components Co., Ltd.
Dec. 2009 The Company, together with Yanfeng Plastic Omnium Automotive Exterior Systems Co., Ltd. established Chengdu Faway Yanfeng Plastic Omnium Automotive Exterior Systems Co., Ltd. as a joint venture.
Jan. 2010 The Company, together with Changchun Gaoxin Automotive Accessories Co., Ltd. established Changchun Faway Gaoxin Automotive Accessories Co., Ltd. as a joint venture.
Jan. 2010 The Company, together with Yanfeng Plastic Omnium Automotive Exterior Systems Co., Ltd. established Chongqing Yanfeng Plastic Omnium Faway Automotive Exterior Systems Co., Ltd. as a joint venture.
Jan. 2010 The Company established Chengdu Faway Wheel Company.
Feb. 2010 The Company, together with Johnson Controls Asia Holding established Changchun Faway Johnson Controls Automotive Electronics Co., Ltd. as a joint venture.
July 2010 The Company, together with Toyota Boshoku (China) Co., Ltd., established Changchun Faway Toyota Boshoku Auto Parts Co.,Ltd.
Nov. 2011 Planned to establish Changchun Faway Hella Automotive Lamps Co.,Ltd. with Hella Shanghai Electronics Co., Ltd.
2012 Chengdu Faway Hella Automotive Lamps Co., Ltd. was established.

Supplemental Information 1