Wuhan Plastics (000665) announced yesterday that the three parties of Wuhan Plastics Industry Group Co., Ltd., Chengdu Aerospace Moulding Co., Ltd. and Faure Company (FAE) signed a letter of intent yesterday, which is planned to be held by each of Wusu Group and Chenghang Molding. Wuhan Haoyuan Molding Co., Ltd., which has a 50% stake, and Faurea Group's wholly-owned subsidiary (FAE), jointly established a joint venture company to operate the bumper injection molding, spraying, and assembly operations. Specific investment data announcements were not disclosed.
Wuhan Plastics revealed that the proposed new joint venture company intends to win the auto bumper system project for cars produced on the 3rd platform of the Shenlong Motor Co., Ltd. The PSA No. 3 platform introduced by Shenlong will be expected to put into production high-end models including the Peugeot 407, Citroen C5 and C6.
According to the announcement, the board of directors of the joint venture company will consist of seven directors, of which Wuhan Ebara has appointed four directors, FAE has appointed three directors, and the chairman and deputy chairman of the board of directors have been appointed by Wuhan Ebara and directors designated by FAE. FAE recommendation.
Wuhan Plastics is one of the leading auto parts companies in China's central region. It has provided supporting production for automakers such as Wuhan Shenlong Automobile, Dongfeng Automobile, SAIC, and Chery Automobile, supplying automotive plastic fuel tanks, plastic bumpers, and car seat accessories. There are nearly 300 kinds of automotive plastic parts and components for automobile air conditioners and other plastic parts.
The French Faurecia Group is one of the world's leading auto parts suppliers. Its products include seats, dashboards, automotive interior panels, sound insulation systems, front-end modules and exhaust systems. It employs 60,000 employees and the Group operates in 27 countries. There are 160 plants operating and operating.
Yesterday, Wuhan Plastics closed at 7.00 yuan, up 1.89%.
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