Fawer Auto Parts Co., Ltd., a famous trademark in Jilin Province, a listed company, a wholly-owned subsidiary of China FAW Group Corporation, a gold medal enterprise in China's auto parts industry, and a large enterprise in the production, manufacturing and sales of domestic auto parts
Fawer Auto Parts Co., Ltd. was established in September 1998 and is a large-scale enterprise in the production and sales of auto parts in China. In December 2007, the overall restructuring was carried out in accordance with the relevant national policies on the restructuring of state-owned enterprises and the unified deployment of the institutional reform of FAW Group Corporation. After the restructuring, the enterprise has introduced private capital, established a standardized corporate governance structure, and the reform of the system has injected vitality into the fierce market competition for the enterprise and laid the foundation for the healthy development of the enterprise.
Since the restructuring, the company's main business income has continued to grow at an annual rate of 23%. After the adjustment of the shareholding structure, China FAW Group Corporation, Jilin Tianyi Investment Co., Ltd., Jilin Oriental Investment Management Co., Ltd., Ningbo Huaxiang Electronics Co., Ltd., Jinshi Investment Co., Ltd., Shanxi Taigang Investment Co., Ltd., and the company's management team respectively hold shares of Fawer Co., Ltd. The company's total assets are 6.1 billion yuan, and the registered capital is 1.12 billion yuan.
The company has 12 wholly-owned branches (subsidiaries) such as drive shaft branch and radiator branch and 17 joint ventures such as FAW-Valeo Air Conditioning Co., Ltd. and FAW East Machinery Shock Absorber Co., Ltd.
The company's main products: auto parts environmental system, braking and transmission system, chassis system, steering and safety system, electronic and electrical system, engine accessory system and other six series. Main customers: FAW-Volkswagen, FAW Jiefang, FAW Car, FAW Toyota, FAW Xiali, FAW Bus, FAW Geephytically, FAW-GM, Shanghai Volkswagen, Shanghai GM, Dongfeng Shenlong, Shenyang Brilliance, Guangzhou Fengshen, Chery Automobile, China National Heavy Duty Truck, North Benz, Jinan Heavy Duty Truck, Anhui Valin and other vehicle enterprises; Products are exported to the United States, France, Italy, South Korea, Japan and the Middle East and other more than a dozen countries and regions.
In the next five years, Fawer AG will implement the principle of "taking the road of technological development; Seize the development opportunity of FAW's 5 million vehicles, and follow the main engine factory for regional layout; Continue to explore the market outside the group, spare parts and exports; continue to improve quality and cost, and promote the rapid and healthy development of the enterprise", to achieve the annual growth of main revenue of not less than 12%, operating income industry second in the planning goal. Inherit FAW, learn from Toyota, and run target management throughout; Unity, innovation, struggle, self-improvement, and constantly improve the core competitiveness of the enterprise, to promote the development of China's auto parts industry.
