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50,000 t casting production line for engine cylinder into operation.
Issued at 2010-08-02
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On May 31st, 2010, a ceremony was held to celebrate the operation of Haoxin Group’s 50,000 t casting production line for engine cylinder in Weifang, Shandong province, China. A joint-venture by Foton Auto, government of Changyi city and Haoxin Group, the first phrase of this project cost RMB200m ($29m), with anticipated RMB500m ($73.5m) sales income in the future.
Haoxin Group, based in Shandong province in east China, established in 1995, primarily produces components for vehicles, engines and agriculture equipment. Its overseas' customers include Consolidated Metco, KIC,TM, DBC, TTG, EP in USA, SATA in Italy,SAF in Germany,STTP in Holland, Pateer,and VOLVO in Sweden.
Source: CFA
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