Recently, Miles Young temporary workers in Linyi in Shandong Automobile Bridge Box Co., Ltd. (hereinafter referred to as the bridge Linyi box) for the acquisition of equity, as its controlling shareholder.
As a professional automotive transmission manufacturing and sales of listed companies, thousands of miles Yang mainly Foton, Dongfeng Motor, China JAC and other large and medium car manufacturers to provide support, the current annual production capacity is 600,000 units. Transmission, especially in the card market, Wanli Yang, the current share of over 35%.
the domestic auto industry to seize the favorable opportunity of development, the company has planned merger with the industries and enterprises to expand production capacity, increase market share, enrich the product line. Miles Young, a subsidiary of shares in the transmission of Linyi, the bridge box with just the complementary segments of the market, Young's products to thousands of miles, the heavy truck transmission main, main production and marketing of Linyi, the bridge box light, micro-card transmission. Moreover, the bridge box Linyi annual sales of more than 50 million units, production capacity among the light, the first micro-card transmission market, the domestic market share of over 35%. Therefore, the bridge box Linyi Young became the favorite of the merger objects thousands of miles.
completion of the acquisition, Wanli Yang's annual capacity to be increased dramatically, the new bridge box Linyi annual output of 50 million units, along with expansion of public investment projects to raise funds for 28 million units. As a result, thousands of miles of transmission Yang annual capacity of more than 140 million units, becoming the leading domestic commercial vehicle transmission, medium and light truck transmission market share are the highest in the nation.
In addition, Miles Young also plans to conduct business on the truck transmission products division, will focus on accelerating development of its own high-end products. In addition to automobile transmissions, the Shandong Linyi Young bridge box will bring agricultural equipment to the thousands of miles driving axle driving axle boxes and boxes of construction machinery and other new business. The agricultural equipment drive axle box is mainly used for agricultural harvesters, the domestic market share of over 80%, in absolute monopoly; in the country to develop in the context of agricultural mechanization, large harvesters and corn, rice harvester market has huge development potential. The engineering machinery products are mainly Fukuda Lovol and other facilities, which will create new Wanli Yang profit growth.