Date: 2013-07-31

Xuchang Yuandong Drive Shaft to Open a New Facility in Hubei

On March 4, Xuchang Yuandong Drive Shaft Corp., Ltd signed a formal contract with Zhangwan District Government of Shiyan, Hubei to establish a new facility with an investment of RMB 150 million. The new manufacturing base will be engaged in the production and distribution of auto drive shafts, and the annual capacity is expected to be one million sets with the sales of RMB 500 million.

With a land of 100 Mu, the new facility will finally come online in three years, including two periods of construction stages, RMB 100 million to be invested in the first phase.

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