Fuda Group sales generate 703 mln yuan in H1

Shanghai, August 8 (Gasgoo.com) Guilin Fuda Group Co, a Chinese auto parts maker specializing in manufacturing engine crankshafts, clutches, transmissions and low speed trucks, posted sales revenue of 703 million yuan ($103 million), a record year-on-year increase of 37%, in the first half of 2008 despite difficult economic conditions this year, Guilin Daily reported.

Fuda, a private-owned OEM enterprise, supplies for Shanghai GM Wuling, Dongfeng Automobile,Yuchai, and some other famous automakers or engine manufacturers. Earlier this year, Fuda Group decided to expand new markets with all subsidiaries through quality control and technological innovation. The Fuda subsidiaries have seen growth of both output and sales since January this year

To achieve greater success, Fuda Group expanding its Guilin-based auto-parts manufacturing base, which covers 674,433 square meters and will have an additional investment of 1.59 billion yuan. Now the first phase of the industrial park is nearing completion after over one year's construction.
 
Beihai Fuda Group's auto production base, another project by Fuda Group, was officially put into operation on July 13, targeting at Fuda's global development strategy.