Fuyao Sees Window Overseas

China's largest auto glass maker Fuyao Industry Group Co Ltd will open an overseas manufacturing base in the next three to five years, its president said.

"The plant will further expand our business growth in the overseas market," said Cao Tok-wong, without giving a location.

Cao said overseas markets contributed almost 35 percent of Fuyao's 3.67 billion yuan (US$491.96 million) in sales in the first three quarters, while its overseas original equipment manufacturer (OEM) business grew by 152 percent.

The company, based in Fuqing of Fujian Province, is the fourth largest maker of vehicle glass in the world, with offices in the United States, Japan, South Korea, Australia, Russia and Europe.

The company has vehicle glass manufacturing plants in Changchun, Shanghai, Chongqing, Beijing and Guangzhou, and modern float glass facilities in Fujian, Jilin, Inner Mongolia and Hainan.

Analysts said Chinese firms were increasingly moving manufacturing offshore to dodge trade disputes and lower costs.

"It is a logical step. But what we are more concerned about is delivering our products more efficiently overseas, as there is huge demand for vehicle glass of high quality on the international market," Cao said.

Fuyao is an OEM supplier to well-known auto brands in China and holds market share of more than 50 percent.

600450 Fuyao Sees Window Overseas glassonweb.com

See more news about:

Others also read

LandGlass Won the Silver Award at “The Third China Dual-use Technological Innovation Application Contest”.
The 2019 exhibition will be held in Guangzhou-Pazhou-Canton Fair from August 22nd to 24th.
Recently, LandGlass was named as one of the “Outstanding Private Enterprises in Luoyang - High Growth Innovative Entities” by the CPC Luoyang Municipal Committee and the People’s Government of Luoyang Municipality.
On November 22, the municipal office of civilization and office of credibility held the “2018 Credible Private Enterprises” commendation conference at the 2nd floor conference room of the Luoyang city hall.
Permasteelisa S.p.A welcomes the LIXIL Group Corporation’s announcement about the agreement with Grandland Holdings Group Limited, a leading Chinese architectural design and construction company, to terminate planned Permasteelisa transaction.
Asia’s No. 1 fenestration exhibition - FENESTRATION BAU China 2018 (”FBC”) concluded on November 3, 2018 in Beijing.

From industry

No. 160 Yichuan Rd.,
Jiaonan Shi
Qingdao Shi
Shandong Sheng, 266000
China

Portuetxe bidea 18
20018 San Sebastián (Gipuzkoa) Guipúzcoa
Spain

Is Kuleleri, Kule: 2, Kat: 22, 4. Levent
34330 Levent-Istanbul/İstanbul
Turkey

Add new comment