On December 7, the signing ceremony of Shaanxi Yanchang Petroleum (Group) Co., Ltd. to invest in shares of Shaanxi Automobile Group Co., Ltd. was formally held in Xi'an. Yanchang Petroleum will share Shaanxi Automobile Group with RMB 1 billion in cash. The funds will be used for the "Eleventh Five-Year" development project of Shaanxi Heavy Vehicle Co., Ltd.
It is understood that Shaanxi Yanchang Petroleum is a large-scale state-owned backbone enterprise group in Shaanxi Province. By the end of September this year, total assets had reached 56 billion yuan, and in 2005 sales revenue was 30.3 billion yuan. It is a large-scale oil company integrating oil exploration, mining, refining, chemical industry, sales and transportation.
As an investor, Yanchang Petroleum will not participate in the Shaanqi Group's decision-making and management, but enjoy the shareholders' investment income rights. At the same time, after coordination by the Shaanxi Provincial People's Government, Weichai Power will invest an additional RMB 1 billion in the Shaanxi Automobile Group.
According to the introduction of Zhang Yupu, the chairman of Shaanxi Automobile Group, Shaanxi Automobile Group is currently developing very rapidly. During the “10th Five-Year Plan†period, production and sales have increased significantly, and all aspects of construction have also been significantly improved. During the “11th Five-Year Plan†period, Shaanxi Auto will further increase the pace of enterprise development on the basis of the original development and the first-phase project of the newly established Beijiao New Base. The basic guiding idea is to implement the 3510 and 300 projects.
The 3510 project, that is, Shaanxi Zhongqi will achieve the target of producing, selling 30,000 vehicles, 50,000 vehicles and 100,000 vehicles in three phases this year, next year and 2010 respectively.
In the 300 project, the entire group is centering on heavy trucks as a development center to comprehensively develop other commercial vehicles, including medium-heavy vehicles, large passenger buses and other types of commercial vehicles. At the same time, according to the development of heavy trucks and other commercial vehicles, the corresponding components will be developed simultaneously. Constantly expanding the Shaanxi Automobile Group's industrial chain, so that Shaanxi Automobile Group in 2010 achieved 30 billion yuan in sales revenue.
From January to October this year, the production and sales of Shaanxi Heavy Duty Truck Co., Ltd. increased by more than 100% year-on-year. As of the end of October, the production and sales of heavy trucks have exceeded 25,000. In 2006, Shaanxi Automobile produced and sold 30,000 heavy trucks. The Group’s goal of producing and selling 40,000 vehicles is basically a foregone conclusion. The company's sales revenue will reach 8 billion yuan, laying a good foundation for over 10 billion yuan next year.
View related topics: Weichai Power: Expanding Auto Parts Gold Industry Chain
Stainless Steel Pipe
Stainless Steel Pipe,Stainless Steel Threaded Pipe,Stainless Square Tube,304 Steel Pipe
SUZHOU METAL (BIM) TECHNOLOGY CO., LTD , https://www.szbimmetal.com