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This Essential Company Report on Fuyao Grout Glass Industries Co, Ltd is Out Now

Post Time:Sep 11,2008Classify:Industry NewsView:377

DUBLIN, Ireland, Sep 10, 2008 (BUSINESS WIRE) -- Research and Markets (

Fuyao Group is the largest, most advanced manufacturer, and the biggest exporter of the automotive glass in China. It is mainly engaged in the production and marketing of automobile safety glass, architectural safety glass, bullet-proof glass, mirror-level float glass, automobile - level float glass, high-grade silver glass and other industrial glass products. Fuyao Group was listed in Shanghai Stock Exchange in 1993, briefly named as Fuyao Glass with the stock code: 600660.

The total operating income of automotive glass in 2007 was RMB 3,554,025,800, an increase of 23.02 per cent year-on-year, domestic income growths of 21.62 percent year-on-year, exports rose 25.79 per cent. According to the China Automobile Industry Association statistics, China's auto output in 2007 was 8.88 million units, an increase of 22.02 per cent year-on-year. During the same period, the Fuyao OEM automotive glass sales was up 23.78 per cent, higher than the growth of the automobile industry. The share of domestic market has expanded, meanwhile, in the global market, the automotive glass OEM sales have risen 130.06 per cent, and the new market is growing rapidly.

The automotive glass is the main product for Fuyao, following the rapid development of China's automobile industry and the successful development of the global auto market, Fuyao has become the worlds fourth largest automotive glass manufacturers. The total revenue was RMB 5.1657 billion in 2007, an increase of 31.29 percent year-on-year. The share of company's domestic market has expanded gradually, its domestic OEM market share of about 60%, aftersales maintenance (AM) market share of about 40 per cent; it has dominated the domestic automotive glass market.

A few new projects have completed in 2007, such as Beijing Automotive Glass project, the Guangzhou Automotive Glass project, and Hainan automotive float glass. These new projects will contribute to the Fuyao business growth in 2008.

The development and application of basis materials has progressed. In 2005, the production of Fuqing automotive-grade quality float glass project had completed, which has digested the new technology, and become more and more maturely and stably, providing high quality float glass, meanwhile, the development of innovation has significant achievement, after SOLAR glass developed in 2006, the deep Gray privacy glass is developed as well.

Key Topics Covered:
1. Brief of Fuyao
2. The state of overall operation in 2007
2.1. The figure of each production
2.2. The progress of the development of basis materials
2.3. The new projects
3. The outlook of Fuyao future development
3.1. The bright business of automotive glass
3.2. The global market of OEM
3.3. The improvement of Regional strategy layout

Charts
Figure: Comparison of Automotive Glass domestic and export income
between 2006 and 2007
Figure: The total income of automotive glass and float glass in
2002-2007
Figure: The gross profit margin of automotive glass and float glass
in 2002-2007
Figure: The income proportion between home and abroad
Figure: The records and forecast of overseas maintenance market
Figure: The forecast of the proportion between the export revenue
and the total revenue
Figure: The demands of OEM from overseas and the estimated overseas
market share (excluding the domestic market)
Table: Comparison the income of automotive glass and float glass
between 2006 and 2007
Table: The figure of the achievements in different regions

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Source: Research and Markets Ltd. Author: shangyi

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