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Bangkok Post, Thailand, Global Insights column.
Byline: Paul Gao
Nov. 5--WANXIANG SUPPLIES AUTO PARTS TO WORLD: Wanxiang, China's largest maker of auto parts, started out in 1969, with barely $500 in capital, as a repair shop for bicycles and farm tractors.
Now it is China's third-largest privately owned company. Wanxiang, based near Hangzhou, in Zhejiang province, controls or has stakes in 100 companies, both in China and overseas, that deal primarily in auto parts.
Last year, it earned $165 million in pretax profits on $1.8 billion of sales, including $380 million in parts exported or produced abroad. The company employs 31,800 people, 920 of them in the United States and Europe.
There are challenges, however. A global glut of production capacity is forcing automakers to put heavy pressure on suppliers to reduce costs.
In China, seven new companies have ...
- Founder of China's Wanxiang auto parts empire considers new ways.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) November 15, 2004 700+ words
...Nov. 15--Wanxiang, China's largest maker of auto parts, started out...And although Wanxiang does have a...many of its auto parts competitors...the process. Wanxiang will combine...industries related to auto parts. Perhaps we...
- Wanxiang, supplier of auto parts to the world.
- News wire article from: Asia Africa Intelligence Wire November 5, 2004 700+ words
...Bangkok Post) Wanxiang, China's largest maker of auto parts, started out...owned company. Wanxiang, based near...primarily in auto parts. Last year...And although Wanxiang does have a...many of its auto parts competitors...
- Wanxiang Group Was No.1 among China's Auto Parts Makers.
- News wire article from: Asia Africa Intelligence Wire August 18, 2005 700+ words
...HANGZHOU, August 19, SinoCast -- Wanxiang Group Corp., a key auto component and...component and part suppliers in 2004. Wanxiang Group is absorbed in production of gimbal...Securities Co., Ltd., analyzed that Wanxiang Group obtained huge sales leaning upon...
- China takes aim at auto industry.(Wanxiang America Corp)
- Newspaper article from: Chicago Tribune (Chicago, IL) Oneal, Michael January 30, 2006 700+ words
...distressed assets of auto-parts giant Delphi Corp...to help build Wanxiang into one of the world's biggest auto-parts companies, a global...with interests in auto parts, financial services...that could propel Wanxiang into the ranks of...
- Wanxiang broadens its U.S. presence.(Suppliers)(Brief Article)
- Magazine article from: Automotive News December 19, 2005 700+ words
...Wanxiang America manages the Wanxiang Manufacturing Fund of more...invest in other companies. Wanxiang's primary U.S. business...to 60-day supply of auto parts imported from its Chinese factories. Wanxiang in China produces a vast...
- Wanxiang Group to expand into Japan.
- News wire article from: Asia Africa Intelligence Wire March 18, 2004 700+ words
...Update) Author: Wanxiang Group, China...private-sector auto parts supplier, will...supplier into Japan, Wanxiang plans to step up...which has sold auto parts to Toyota Motor...the subsidiary. Wanxiang is in negotiations to acquire a Japanese auto parts supplier, ...
- Wanxiang May Buy Part Assets from Ford.
- News wire article from: SinoCast China Business Daily News December 8, 2006 700+ words
...11, SinoCast -- Wanxiang Group, the leading auto parts supplier in China...operation. Lu Guanqiu, Wanxiang's founder and chairman...into an agreement. Wanxiang mainly eyes on Ford...General Motors' auto parts arm Delphi, which...
- Wanxiang Signed Agreement with CQC.
- News wire article from: Asia Africa Intelligence Wire February 11, 2004 700+ words
...Chinese auto industry. The Wanxiang's lab was established in...certification at the end of 2000. Wanxiang Group said that the cooperation...company will do tests on auto parts and components in this lab. Wanxiang Group believes that their...
- Wanxiang Group scientists to draft roller-bearing standards.
- News wire article from: Asia Africa Intelligence Wire October 27, 2003 700+ words
...Committee, 16 scientists from Wanxiang Group were qualified to draft...products. In the early 1980s, Wanxiang Group set the standard for...The event is significant to Wanxiang Group in building a Chinese auto-parts production base.
- SUBSIDIARY OF CHINA'S WANXIANG TO BUY FORD PLANT.
- News wire article from: AsiaPulse News April 5, 2007 700+ words
...business. Neapco LLC, the Wanxiang affiliate based in Pottstown...the latest move made by Wanxiang, based in East China...logistics management." Wanxiang has bought 10 overseas companies in the auto parts industry since it forayed...
Source: HighBeam Research, Bangkok Post, Thailand, Global Insights column.