Zhejiang Wanxiang Precision Industry Co.,Ltd. Got an Increase of 142％ for Export Market

Resource from: CBCC Likes:3070

Oct 14,2011

From the first to third quarter this year, the export market of Zhejiang Wanxiang Precision Industry Co.,Ltd. had a substantial increase of 142%, compared to the same period of last year. Meanwhile, in the China market, although the supporting business for middle and low end automotive OEM decreased, the high-end automotive OEM supporting business, such as Volkswagen, made a growth by 20%. With the open of Volkswagen's new platform, Zhejiang Wanxiang Precision Industry Co.,Ltd. started to provide support for three of its vehicle models. The company operated total of seven high-end supporting projects simultaneously including the other projects for the other automotive OEM. As Taizhou plant of the company began the production on March 28th this year, the planned production capacity was reached quickly, and provided an effective supplement for the current high-tech products of Zhejiang Wanxiang Precision Industry Co.,Ltd. in the product levels. Taizhou plant would hopefully have a production capacity of ten million sets of wheel hub bearing units in 2014. Thus, with such big production capacity, Zhejiang Wanxiang Precision Industry Co.,Ltd. will gain more orders by using the internaltional platform Wanxiang America Corporation.

(CBCC)

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