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

SentryGlas® delivers clarity, strength and safety at Shum Yip Upperhills
Laminated glass using SentryGlas® was chosen for safety and insulating glass was specified to improve thermal performance.
Corning to Invest in Manufacturing Facility for Automotive Glass Solutions
Retrofitted facility will be third Corning manufacturing site in Hefei, China.
Check out the exhibitors at ASEAN's largest glass show, Glasstech Asia 2018 & Fenestration Asia 2018!
Malaysia International Trade & Exhibition Centre (MITEC); Kuala Lumpur; 14 - 16 November 2018.
CTIEC Signs General Contract of Pakistan  Waste Heat Power Generation Project
On July 9,2018, the signing ceremony of general contract project of installing waste heat generation facilities for two float glass production lines (450t/d+550t/d) of GhaniGlass Co. Ltd. (Pakistan) by CTIEC was held in Shanghai.
 LandGlass Glass Tempering Furnace in Iran
TJK is a well-known industrial enterprise in Iran. The company is equipped with a LD-AB F&B Bi-directional glass tempering furnace made by LandGlass.
SEKISUI S-Lec B.V. at Glasstec 2018
From 23rd until 26th October 2018 SEKISUI S-Lec B.V. will be present at the 25th edition of Glasstec, the international Trade Fair for glazing held at Messe Düsseldorf in Germany.

From industry

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

Portuetxe bidea 18
20018 San Sebastián (Gipuzkoa) Guipúzcoa
Spain

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

Add new comment