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Last week, the reporter learned from the well-known auto parts company in China , the Liyuan Piston Group, that the group has invested 55 million in two fully automatic piston production lines imported from South Korea. Yu Jianhua, chairman of the Liyuan Group, said that the new product will be used for domestic high-end sedan engines, and the group plans to list it before 2012.
It is understood that the two fully automatic piston production lines put into production this time are manufactured by Korea Dongyang Piston Co., Ltd. and can produce 1.2 million high-end car pistons annually. As an international large-scale piston production company, South Korea's Toyo has supplied several hundred engines such as GM, Volkswagen, and Hyundai.
Yu Jianhua told reporters that due to the current domestic auto parts can not reach the international level, making the high-end Pistons basically imported, and after the domestic price is expected to drop 10% -15%.
Liyuan Group disclosed that after the launch of the new product, the power source piston production line will reach 26, and the total output this year will increase to 7.2 million. In addition, Yu Jianhua also disclosed that the Liyuan Group had planned to go public before 2012 in order to carry out remote and multinational operations. “The first market to be listed will be the US Nasdaq.â€
It is understood that the two fully automatic piston production lines put into production this time are manufactured by Korea Dongyang Piston Co., Ltd. and can produce 1.2 million high-end car pistons annually. As an international large-scale piston production company, South Korea's Toyo has supplied several hundred engines such as GM, Volkswagen, and Hyundai.
Yu Jianhua told reporters that due to the current domestic auto parts can not reach the international level, making the high-end Pistons basically imported, and after the domestic price is expected to drop 10% -15%.
Liyuan Group disclosed that after the launch of the new product, the power source piston production line will reach 26, and the total output this year will increase to 7.2 million. In addition, Yu Jianhua also disclosed that the Liyuan Group had planned to go public before 2012 in order to carry out remote and multinational operations. “The first market to be listed will be the US Nasdaq.â€
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