Chengdu Auto to be China's No.1 camshaft-maker

Shanghai, April 13 (Gasgoo.com) Chengdu Auto Parts Co., Ltd., a subsidiary of Sichuan Hejia Co., Ltd., has secured a Gen III camshaft supply deal from Shanghai GM, a joint venture of General Motors and Chinese auto giant SAIC Motor, local media said. This deal will make Chengdu Auto Parts the largest camshaft-making base in China.

Shanghai GM has sent a product schedule to Chengdu Auto Parts, which will produce a total of about 3 million camshafts, valued at about 350 million yuan ($51.25 million), for the GM venture over the next 5-7 years. From next month to the end of this year, about 150,000 camshafts will be delivered to Shanghai GM, and the production will be gradually driven up as of 2010.

Chengdu Auto Parts is a major production base of engine camshafts in China, with a land area of eight hectares and total assets of 230 million yuan. With the hefty deal from Shanghai GM, Chengdu Auto Parts is expected to become China's biggest camshaft-maker.

Its parent Sichuan Hejia, also based in the western Chinese city of Chengdu, is engaged in manufacture of the camshaft, computer, food machinery, and also in developing agricultural technology and agricultural product process.

Chengdu Auto Parts Co., Ltd. formerly an affiliate of the China National Automotive Industry Corporation (CNAIC), has offered its products and services to global buyers such as Cummins, Isuzu, Toyota, Mitsubishi, Ford, Daihastu.