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Fuyao Glass: Cao Dewang said “To be the largest auto glass producer in 5 years”

Post Time:Jun 16,2009Classify:Company NewsView:1805

Although the global auto industry is influenced much by the financial crisis, Cao Dewang , the chairman of Fuyao Glass, said recently that their company is a fault on the right side as their small amount and various kinds principles for the production, and they will strive to be the world largest auto glass suppliers in 5 years.

Cao Dewang is the only china winner for the “Ernst & Young World Entrepreneur” of this year. Cao Dewang said to the reporter, this year, the oversea complement business of Fuyao Glass will increase 20-30% over the same period of last year. As the financial crisis, some of the world large auto glass producers give up their complement business, like General Motors has transferred this business to Fuyao Glass. Otherwise, Fuyao Glass has already had some strength comparing to the compotators no matter on production cost or technology. The first quarter of this year, the exporting volume of Fuyao Glass did not reduce but increase, almost up to 40%.

The increasing of auto glass business is further firm in the Cao Dewang’s idea of giving up the architectural glass lines. Cao Dewang said, “The Chinese real estate markt is not look well ”, so he is planning to totally stop 5 float glass lines, and put whole heart to auto glass market. Currently, 2 float glass lines in Liaoning has closed, and 2 float lines in Hainai is also on selling.

Source: GlassInChinaAuthor: shangyi

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