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Fuyao Glass: clear developing road in future

Post Time:Nov 24,2009Classify:Company NewsView:325

Fuyao Group is a joint venture corporation founded in 1987 in Fuzhou,specialized in production of automotive safety glass and industrial technological glass, and is the first company of the trade in China listed in the Shanghai Stock Exchange in 1993 named Fuyao Glass with the share code number 600660. The group has over 10000 employees and built automotive glass production bases in Fuqing, Changchun, Chongqing, Shanghai, Guangzhou, and Beijing and the modern float glass production bases in Fuqing of Fujian, Shuangliao of Jilin, Tongliao of Inner Mongolia, and Haikou of Hainan, and has established a complete production and sales network across the country. The total assets have accrued from 6.27 million yuan when registered in 1987 to 9.0 billion yuan of the present. It is a transnational company with business offices in America, Japan, Korea, Australia, Russian, Germany,West Europe, and East Europe, etc.

Nowdays, Fuyao Group is the largest, most advanced manufacturer, and the biggest exporter of the automotive glass in China. Its brand "FY"  is a famous trademark in China Automotive Glass Industry. The first 3 quarters in 2009 goes far beyond the level of estimated gross margins. Gross margin was mainly attributable to significantly increase capacity utilization to improve and optimize the product structure.

In 2010, The global auto market is expected to rise gradually from the valley bottom. The company took up more oversea market shares in 2009 will lay a strong foundation for the development in 2010.

Source: GlassInChinaAuthor: shangyi

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