Fenco Automotive Parts Company Visit Wanxiang Group

Resource from: cbcc-yinx Likes:3390

Jun 03,2005

Joel L.Fenwick, vice president of Canadian Fenco Automotive Parts Company, and Nancy Liu, manager of purchase dept. visited Wanxiang Group and consulted about the two companies' cooperation in products and capital level. Fenco founded in 1949 now has become the leading automotive parts manufacturer in North America. They have over 20 production lines which can manufacture different parts; their annual output of automotive parts hit 5 million and annual sales is over $200 million, 80 percent of which was contributed by sales in North American. Customers of Fenco include wholesalers, Chain Store retailers etc. Having given a brief introduction of Fenco, Joel L.Fenwick said that he appreciated Wanxiang's extending business in U.S. and were willing to establish a further cooperating relationship. Concerning the products cooperation, Mr. Lu guanqiu, president of Wanxiang Group, said that they will guarantee the quality of every parts they made and relevant customer services will be paid more attention to. When talking about the capital cooperation, Mr. Lu said that if the two companies could establish long term friendly relationship, even as capital partner, mutual benefit will be reached. Fenco will get the low cost resources and Wanxiang will consolidate their oversea market. At last, Joel L.Fenwick indicated that they would like to try their best to help Wanxiang open the North America market and welcome Wanxiang to invest in Canada.

(cbcc-yinx)

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