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 main business includes automotive interior, exterior, car wheels, body electronics, metal parts, filters.

-The Company is not only the core parts supplier of the FAW Group, including FAW-VW, FAW car, FAW Jiefang, FAW Toyota, FAW Bus, FAW Jilin Automobile, FAW-GM and Tianjin FAW Xiali and other OEMs, but also strategic partner of a number of well-known domestic and foreign enterprises.

-As of the end of 2016, the Company has 5 production bases and 25 factories all round China. It has annual production capacity of 5 million interiors including seats, instrument panels and door panels, 2.8 million bumpers and 1.25 million automotive lamps for OEMs.

-In 2016,the Company's sales reached CNY 11,992.48 million, 21.58% increase than previous year. Among them, the wheel product sales increased 13.07% to CNY 7,438.34 million, accounting for the largest, 62.03%.

Shareholders

(as of Dec. 31, 2016)

Shareholders Shareholding Ratio
China FAW Group 20.14%
Changchun FAWSN Group Co., Ltd. 4.72%
Xu Jianbiao 0.99%
Others 74.15%
Total 100%

Products

Wheels
-Steel Wheels
-Rolling Wheels

Interiors
-Instrument Panels
-Console Boxes
-Clusters
-Door Panels
-Door Interior Panels
-Door Plates
-Pillar Trims
-Roof Trims
-Seats
 ・Seat Backrests
 ・Seat Frames
-Carpets
-Cowls
-Trunks
-Back Plates
-Air Fliter Boxes

Exteriors
-Mirror Parts
 ・Rearview Mirrors
 ・Under View Mirrors
 ・Overhead Mirrors
-Bumpers
-Radiator Grilles
-Lamps
 
Electronic and electric products
-Meters
-Digital Clocks
-Dry Ignition Coils
-Body Control Modules
-Gateway Control Modules

Others
-Sunroof Reinforcements
-Inner Plates
-Doorsill ASSYs
-Trailing Arms ASSYs
-Brackets
-Beams
-Floors
-Connectors
-Reinforcement Panels
-Body Sides
-Inserts
-Dash Panels
-Oil Separators
-Air Filters
-Air Drying Tanks
-Filter Elements

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.
Mar. 2013 Changchun Faway Tong Yang Plastics Products Co., Ltd. Foshan branch was established.

Dec. 2012

Chengdu Faway Hella Automotive Lamps Co., Ltd. was established.

Jun. 2014

The Company's joint-partner, Johnson Controls Asia Holdings Co., Ltd.,, transfered the entire 50 percent share it holds in Changchun FAWAY Johnson Controls Automotive Electronics Co., Ltd. to Visteon Global Electronic, Inc.

Nov. 2016

Changchun Faway Tong Yang Plastics Products Co., Ltd., the Company's subsidiary,  established Tianjin Branch.

Apr. 2017

Changchun Faway Tong Yang Plastics Products Co., Ltd. Qingdao Branch and Qingdao Wheel Branch were established.

May 2017

Changchun Faway Tong Yang Plastics Products Co., Ltd. Tianjin Branch and Tianjin Stamping Branch were established.

Jul. 2017

Changchun Faway Tong Yang Plastics Products Co., Ltd. Tianjin Wheel Branch was established.

Supplemental Information 1