Fuyao Is a Global Leader in the Manufacture of Automotive Safety Glass and High-Technology Glass for Industry

Total Page:16

File Type:pdf, Size:1020Kb

Fuyao Is a Global Leader in the Manufacture of Automotive Safety Glass and High-Technology Glass for Industry VISIBLY SUPERIOR Fuyao is a global leader in the manufacture of automotive safety glass and high-technology glass for industry. Philip Yorke spoke to Norbert Geisinger, the company’s European managing director, about its latest research projects and customer support programmes and the strategy behind its growing success in Europe and Asia. Industry Europe 211 he Fuyao Group is a joint venture corpora- such as the Oracle ERP IT system with its plier of the Year Award from General Motors, tion founded in Fuzhou, China, in 1987 proven international manufacturing manage- for outstanding contribution to the manufactur- Tand was the first company in its field to ment models and business processes. ing of world-class vehicles, as well as winning be listed on the Shanghai Stock Exchange In addition, Fuyao is fully certified to ISO the Gold Prize for the best Supplier. in 1993. Today the company employs more 9002, QS 9000, VDA6.1, ISO14001 and than 14,000 people worldwide and is by any TS16949. As a mark of the exceptional stand- Extending value-added services standard a highly successful, global manufac- ards achieved in both manufacturing and cost- The Fuyao Group produces a wide portfolio turing company and one of the world’s top four efficient service, the company received the of products from laminated glass, tempered manufacturers of glass for the automobile and 2000 Gold World Excellence Award in 2007, glass and hollow glass to silver mirror glass manufacturing industries. Since its inception, for quality, cost and delivery from the US Ford and float glass. However, the company also the company has adopted some of the world’s Motor Company. More recently in 2008 the offers a wide range of value-added services for most advanced management programmes, Group’s CEO, Steven Cho, received the Sup- its OEM and Tier 1 customers, as Mr Geisinger 212 Industry Europe Ayrox To achieve our goals we have selected the company Ayrox as one of our our long term reliable technology providers. For some 20 years ago we bought the first soldering machines for our heatable backlite production from them. This technology is still in use in several of our production facilities. In 2007 Ayrox helped us to get a major addition to our product range by supplying the first PVB wiring machine used to produce heatable windscreens for vehicles. Heatable windscreens are a value-added product in- stalled into top of range Chinese and European cars. One of our latest challenges came with the automated installation technics at car assembly lines which requires windscreens to have silicone free edges. Here again Ayrox is our number 1 provider of silicone free vacuum rings used in lamination process of windscreens. 214 Industry Europe Industry Europe 215 Antaya There has been a significant increase in the number of features that are available as part of the car glazing systems. Gone GKN Sinter Metals are the days when the only feature that could be found on a typical backlite was a defroster grid circuit. Now most vehicles The global automotive industry is more competitive and have complex antenna grids, anti-theft systems, integrated demanding than ever. lights, wipers, and cameras, with additional features to come. We have partnered with Antaya Technologies Corporation, an To meet these ambitious requirements we need strong American company with a subsidiary in China, to help us stay and trustworthy partners within the components industry. on the leading edge of the development of these features. Our main focus is therefore on a joint development. Antaya manufactures customized connections for us that fit individual applications to the most demanding global automo- More than 20 different, exclusively designed mirror- tive quality standards. In addition, Antaya is the world’s largest buttons made from GKN Sinter Metals powder metals supplier of lead free on-glass connections. With help from are the result of this innovative cooperation. Antaya, we are pleased to report that we are the only Chinese glass suppler that has fully validated lead free connectors as Both market – leading companies are committed to the a general drop in replacement for leaded parts. In addition to highest standards of quality and customer satisfaction. complying with many OEM and governmental requirements, the lead free initiative has immeasurable benefits for the health of our employees. explained, “We add value to the products that clients for us include Jaguar Land Rover high-technology safety glass product known Toyota, Honda, Nissan, PSA, Volvo, Hyundai we import from China for our European cus- and Honda UK.” as ‘Switchable Glass’. This is the safety glass and Daimler. Fuyao’s advanced manufacturing tomers by adding profiles to the top and bot- Mr Geisinger added, “The competition in product of the future and will enable drivers to techniques are supported by low labour and tom of the windows as well as by providing a the automotive industry is very strong but we switch from clear glass to tinted glass at the overhead costs, which means that automo- variety of chemical applications. We also offer a have a number of key advantages. For exam- touch of a button.” biles manufactured in Asia can be more com- range of value-added services when it comes ple, most of our tooling is done in-house and Fuyao’s test facilities are among the most petitively priced for the European markets, as to logistics, which means that our customers is more competitively priced due to the low advanced in the world and the company well as for the emerging markets of the world, do not need to carry stocks of our products labour costs involved. Furthermore, because has invested more than €5 million recently thus helping to drive new sales. as we warehouse these on their behalf, so of the fact that car production lines for vehicles in inspection and testing instrumentation In addition, as living standards improve for that they can be delivered on a ‘just-in-time such as the Audi A4, VW Tiguan and BMW 3 equipment. These facilities represent the most people in the developing markets, motor cars basis. We also provide a design service that series are seeing strong growth and are pro- advanced techniques available for mechani- have come within the reach of an increas- offers new programmes and the creation of duced also in China, and because we are able cal testing and the testing of environmental ing number of households. Today Fuyao is drawings for new products from data prepared to provide everything on site, it is possible to resistance, optical performance and the ranked as number one in China and number in China.” bring a share of this business to Europe. We material analysis of vehicle safety glass. The for in the world. The company is committed “Here in Germany we act as a very also enjoy close contact with our OEM cus- company’s extensive laboratories are able to to becoming the global leader in safety glass important communication centre between tomers and currently are in a transition stage conduct tests in compliance with all interna- manufacturing and technology. To help it Europe and China, especially in terms of to offer further improved communications and tional standards including GB9656, ECER43, to achieve its objectives, Fuyao is planning new projects and in relation to providing consultancy services to our clients.” ANSI Z26.1 and J1SR3211. to build its own glass research institute and feasibility studies and acting as a conduit for “This increased focus on customer service an international scientific research centre to communications with our OEMs. In Europe is backed by a strong group performance Asian markets driving global sales develop both upstream and downstream today we manufacture automotive safety enabling us to offer a new range of dedicated In China, Fuyao has captured more than 50 industrial safety glass products. Today, spe- glass for VW-Audi, GM, BMW, Daimler and services and special project teams allocated per cent of the domestic OEM market and has cialised high-technology glass manufactured Volvo as well as for second-tier suppliers to our customers. At Fuyao, our various R&D been approved as a qualified, key supplier to by Fuyao includes self-cleaning, titanium such as those who produce sunroofs for departments are also working to become eight of the world’s leading automotive manu- silver coating, silicane coating and low-e cars and recreation vehicles. Other major the first to launch an entirely a new type of facturers: GM, Audi, Bentley, VW, GM, Ford, coated safety glass products. n 216 Industry Europe Industry Europe 217.
Recommended publications
  • \203E\203F\203U\203T\203C\203G\203A\203B\203V\203\215\201[\203H\227Pultimate Float Flat Patterned.Xls
    FIC リファレンスリスト F フロート 、、、フラット 、、、パターンドガラス (((111///333))) フロートブースト 納入年 納入先 国名 システム プロセス 1992 Ford Motor Co. U.S.A. 4 Zone System : 5250kVA Float- High Iron Plant Shutdown 1993 Pilkington S.I.V. Italy 4 Zone System : 5500kVA Float- High Iron & Incr. Clear 2nd Campaign 1993 Ford Motor Co. U.S.A. 3 Zone System : 3000kVA Float- High Iron 1994 Glaverbel Belgium 3 Zone System : 5000kVA Float- High Iron 1996 Ford Motor Co. U.S.A. 3 Zone System : 3000kVA Float- High Iron 2nd Campaign 1996 Sisecam Turkey 2 Zone System : 3500kVA Float- High Iron & Incr. Clear 1997 NEG Japan Custom System Special Float Project - PDP * 1997 Kumgang Chemical Korea 3 Zone System : 3500kVA Float- High Iron 2nd Campaign 1998 Ford Motor Co. U.S.A. 3 Zone System : 3000kVA Float- High Iron * 1998 Guardian Ind. U.S.A. 2 Zone System : 4500kVA Float- High Iron & Incr. Clear 2nd Campaign 1999 Nippon Sheet Glass Japan Model Study only: 6350kVA Float - Boost Project 3 Zone System 2000 Kumgang Chemical Korea 3 Zone System : 3500kVA Float- High Iron 2001 Jiangsu Farun China 1 Zone System : 1800kVA Float- High Iron * 2001 TGI Kunshan China 1 Zone System : 1800kVA Float- High Iron & Incr. Clear 2001 TGI Kunshan China 2 Zone System : 4500kVA Increased Clear 2002 Jiangsu Farun China 2 Zone System : 3000kVA Float- High Iron & Incr. Clear 2002 Sisecam Turkey 4 Zone System : 4400kVA Float- High Iron & Incr. Clear 2003 Jiangsu Farun China 2 Zone System : 3500kVA Float- High Iron & Incr. Clear 2004 TGI Chengdu China 2 Zone System : 3100kVA Increased Clear 2004 TGI Huanan China 2 Zone System : 3100kVA Increased Clear * 2004 TGI Kunshan China Extra Zone added 2004 Hebei Yingxin China 1 Zone System : 1800kVA Improved Quality & Incr.
    [Show full text]
  • Glazing Systems Intelligence Service
    Global light vehicle OE glazing market- forecasts to 2029 April 2015 SAMPLE Usage and copyright statement A single-user licenced publication is provided for individual use only. Therefore this publication, or any part of it, may not be copied, reproduced, stored in a retrieval system, or be transmitted in any form by any means electronic, mechanical, photocopying, recording or otherwise without the prior written permission of Aroq Limited. A multi-user licence edition can be freely and legally shared with your colleagues. This agreement includes sharing electronically via your corporate intranet or the making of physical copies for your company library. Excluded from this agreement is sharing any part of this publication with, or transmitting via any means to, anybody outside of your company. This content is the product of extensive research work. It is protected by copyright under the Copyright, Designs and Patents Act 1988. The authors of Aroq Limited's research are drawn from a wide range of professional and academic disciplines. The facts within this study are believed to be correct at the time of publication but cannot be guaranteed. All information within this study has been reasonably verified to the author’s and publisher’s ability, but neither accept responsibility for loss arising from decisions based on this report. © 2015 All content copyright Aroq Limited. All rights reserved. If you would like to find out about our online multi-user services for your team or organisation, please contact: Mike Chiswell Senior QUBE Business Manager Tel: +44 (0)1527 573 608 Toll free from US: 1-866-545-5878 Email: [email protected] http://wwwS.just-auto.com/qube AMPLE April 2015 Page 2 This a sample PDF.
    [Show full text]
  • ECON 3240 American Factory Workers in Chinese Factory Spring 2020
    ECON 3240 American Factory workers in Chinese Factory Spring 2020 American Factory is great documentary for us, mainly because it discusses how some can fall out of the middle class, becoming vulnerable if not poor, but then thanks to government policy (what government) claw the their way back into the middle class, keeping the Dream alive for themselves and their children we hope (IG mobility). It is also the almost universal story but a story of how workers and manageres learng by doing (aka learning by doing). For reasons that become obviout in the film the same factories and workers learn to do better overtime, like AI but not artificial, more of a group dynamic with input from workers and managers. Somehow workers can become much more productive over time, using lesst time to produce the same number of cars (or glass panels..). The makers of this documentatry sense this dynamic: the camera dwells on the machinery and workers converting sand (silicon) many shapes of very transparent glass (our Coa our Chinese owner entreprenuer writes a song about transparency, which could have two meanings, and Fu, see the Terry Gross interview below. We see the last GM S-10 truck role through the assembly line and we are off, new owners, some new workers from China and 2000 American workers, some from the GM plant that clased. To spread the pain/ privelidge we can the divide the 1 hour 50 minute file into three sectiosn. Everyone read the cast of characters below should watch the first 20 minutes (some of the key cast members are listed below, the huge factory building itself is a star…I thought it was in Dayton, Ohio but actually in another town, this happens when land intensive factories spring up near cities).
    [Show full text]
  • DOT Number Database Database of Department of Transportation Numbers on Windshields from Various Sources Dot Number Manufacturer Location DOT‐1 SUPERGLASS S.A
    DOT Number Database Database of Department of Transportation Numbers on Windshields From Various Sources Dot Number Manufacturer Location DOT‐1 SUPERGLASS S.A. EL TALAR TIGRE BS.AS. ARGENTINA DOT‐2 J‐DAK, INC. SPRINGFIELD TN UNITED STATES DOT‐3 SACOPLAST S.R.L. OTTIGLIO ALESSANDRIA ITALY DOT‐4 SOMAVER AIN SEBAA CASABNLANCA MOROCCO DOT‐5 JIANGUIN JINGEHENG HIGH‐QUAL. DECORATING GLASS WORKS JIANGUIN JIANGSU PROVINCE CHINA DOT‐6 BASKENT GLASS COMPANY SINCAN ANKARA TURKEY DOT‐7 POLPLASTIC SPA DOLO VENEZIA ITALY DOT‐8 CEE BAILEYS #1 MONTEBELLO CA DOT‐9 VIDURGLASS MANBRESA BARCELONA SPAIN DOT‐10 VITRERIE APRIL, INC. P.A.T. MONREAL QUEBEC CANADA DOT‐11 SPECTRA INC. MILWAUKEE WI DOT‐12 DONG SHIN SAFETY GLASS CO., LTD. BOOKILMEON, JEONNAM KOREA DOT‐13 YAU BONG CAR GLASS CO., LTD. ON LOK CHUEN, NEW TERRITORIES HONG KONG DOT‐15 LIBBEY‐OWENS‐FORD CO TOLEDO, OH, USA DOT‐16 HAYES‐ALBION CORPORATION JACKSON, MS, USA DOT‐17 TRIPLEX SAFETY GLASS COMPANY LIMITED BIRMINGHAM, ENGLAND DOT‐18 PPG INDUSTRIES PITTSBURGH, PA, USA DOT‐19 PPG CANADA INC.,DUPLATE DIVISION OSHAWA,ONTARIO, CANADA DOT‐20 ASAHI GLASS CO LTD TOKYO, JAPAN DOT‐21 CHRYSLER CORP DETROIT, MI, USA DOT‐22 GUARDIAN INDUSTRIES CORP AUBURN HILLS, MI, USA DOT‐23 NIPPON SHEET GLASS CO. LTD OSAKA, JAPAN DOT‐24 SPLINTEX BELGE S.A. GILLY, BELGIUM DOT‐25 FLACHGLAS AUTOMOTIVE GmbH WITTEN, GERMANY Page 1 of 27 Dot Number Manufacturer Location DOT‐26 CORNING GLASS WORKS CORNING, NY, USA DOT‐27 SEKURIT SAINT‐GOBAIN DEUTSCHLAND GMBH GERMANY DOT‐32 GLACERIES REUNIES S.A. BELGIUM DOT‐33 LAMINATED GLASS CORPORATION DETROIT, MI, USA DOT‐35 PREMIER AUTOGLASS CORPORATION LANCASTER, OH, USA DOT‐36 SOCIETA ITALIANA VETRO S.P.A.
    [Show full text]
  • GLASTON CORPORATION Yliopistonkatu 7 - 00100 Helsinki - Finland Tel.: +358 10 500 500 / Fax: +358 10 500 6515
    2015 world directory 2 - Copia omaggio € ââÊ`ÊV«iÀÌ>Ê > Suppliers’ THAT’S WHY THIS WILL BE Profiles YOUR NEXT LAMINATING LINE ZERO DEFECTS ZERO WASTE ZERO DOWNTIME > Suppliers’ ZERO DISPERSION Products & ÊÊ°ÊÓÇÉäÓÉÓää{ÊcÊ{È®Ê>ÀÌ°Ê£]ÊV>Ê£ÊÊ Ê>ÊÊÊUÊÊÊ*Ài Yellow Pages > Glassworks’ Addresses ÌÌ]Ê*ÃÌiÊÌ>>iÊ-«>ÊÊ-«i`°ÊÊ>°Ê«°ÊÊ °°ÊÎxÎÉÓääÎÊ­VÛ° Powerlam FLAT GLASS LAMINATING LINE WITH EVA & PVB AVAILABLE IN ABSOLUTE PERFORMANCE AND RELIABILITY INTERACTIVE VERSIONS TOO }ÞÊÌiÀ>Ì>]Ê->ÀÌiiÀ}ÞÊ-°À°°]Ê À°Ê,ië°Ê>ÀVÊ*i DESKTOP DISCOVER MORE www.rcnengineering.it IPAD/IPHONE RCN ENGINEERING S.R.L. Via Marcatutto, 7 - 20080 Albairate (MI) Italy Tel +39 02 94602434 - [email protected] www.rcnengineering.it -Õ««iiÌÊÊ>Ê°Ê£{{ÊÊ>ÀV É«ÀÊÊ°ÊÓÉÓä£xÊ`Ê>ÃÃ/iV ANDROID DEVICES www.glassonline.com Multi-roller coating machine for the enamelling and design printing of float glass sheets. ROLLMAC a division of GEMATA - Via Postale Vecchia, 77 - 36070 Trissino (VI) Italy Tel. +39.0445.490618 - Fax +39.0445.490639 - E-mail: [email protected] - www.rollmac.it Because we care Revolutionary. Also our technologies. INSULATING GLASS MANUFACTURING Bystronic glass symbolises innovation with machinery, HANDLING EQUIPMENT systems and services for the processing of architectural AUTOMOTIVE GLASS PREPROCESSING and automotive glass focused on tomorrow’s market. From basic requirements through to entire, customised installations Bystronic glass provides pioneering solutions – naturally, all in the highest quality. www.bystronic-glass.com IR medium wave twin tubes emitters for: iÃÊÌ>µÕ>ÀÌâÊ>ÃÊ«À`ÕViÃÊ } ÞÊ Ê UÊ >>Ì}Êià >««ÀiV>Ìi`Ê iµÕ«iÌÊ vÀÊ Ì iÊ }>ÃÃÊ Ê UÊ ÀÀÀ}Êià industry such as manual and au- Ê UÊ `ÀÞÊÃVÀiiÊ«ÀÌ}Êià tomatic tin side detectors and UV polymerization units.
    [Show full text]
  • International Corporate Investment in Ohio Operations June 2020
    Research Office A State Affiliate of the U.S. Census Bureau International Corporate Investment in Ohio Operations 20 September 2007 June 20 June 2020 Table of Contents Introduction and Explanations Section 1: Maps Section 2: Alphabetical Listing by Company Name Section 3: Companies Listed by Country of Ultimate Parent Section 4: Companies Listed by County Location International Corporate Investment in Ohio Operations June 2020 THE DIRECTORY OF INTERNATIONAL CORPORATE INVESTMENT IN OHIO OPERATIONS is a listing of international enterprises that have an investment or managerial interest within the State of Ohio. The report contains graphical summaries of international firms in Ohio and alphabetical company listings sorted into three categories: company name, country of ultimate parent, and county location. The enterprises listed in this directory have 5 or more employees at individual locations. This directory was created based on information obtained from Dun & Bradstreet. This information was crosschecked against company Websites and online corporate directories such as ReferenceUSA®. There is no mandatory state filing of international status. When using this directory, it is important to recognize that global trade and commerce are dynamic and in constant flux. The ownership and location of the companies listed is subject to change. Employment counts may differ from totals published by other sources due to aggregation, definition, and time periods. Research Office Ohio Development Services Agency P.O. Box 1001, Columbus, Ohio 43266-1001 Telephone: (614) 466-2116 http://development.ohio.gov/reports/reports_research.htm International Investment in Ohio - This survey identifies 4,303 international establishments employing 269,488 people. - Companies from 50 countries were identified as having investments in Ohio.
    [Show full text]
  • Federated Hermes Global Allocation Fund Portfolio of Investments
    Federated Hermes Global Allocation Fund Portfolio of Investments February 28, 2021 (unaudited) Shares, Principal Amount or Contracts Value COMMON STOCKS—61.7% Communication Services—4.7% 16,115 Activision Blizzard, Inc. $ 1,540,755 631,541 1 Alibaba Pictures Group Ltd. 87,855 910 1 Alphabet, Inc., Class A 1,839,938 1,123 1 Alphabet, Inc., Class C 2,287,394 40,806 America Movil S.A.B. de C.V. 26,078 54,940 Auto Trader Group PLC 420,303 1,517 1 CarGurus, Inc. 39,366 8,884 1 China Literature Ltd. 82,706 673,966 China Tower Corp Ltd. 101,244 579 1 Consolidated Communications Holdings, Inc. 3,046 6,511 1 Facebook, Inc. 1,677,364 1,281 1 GOGO, Inc. 15,180 615 Gray Television, Inc. 11,162 2,708 Hellenic Telecommunication Organization SA 41,552 466 Iliad SA 82,419 1,285 Info Edge India Ltd. 85,275 9,198 Intouch Holdings Public Co. Ltd. 16,883 372 Kakao Corp. 161,412 4,275 Konami Corp. 276,169 6,796 LG Uplus Corp. 71,269 289 1 Loral Space & Communications Ltd. 12,814 9,070 Mobile Telesystems, ADR 74,555 1,570 1 MSG Networks, Inc. 26,627 4,084 MTN Group Ltd. 19,616 134 NCsoft Corp. 111,428 7,678 NetEase, Inc. 167,874 4,726 New York Times Co., Class A 241,829 1,526 Nexon Co., Ltd. Tokyo 48,078 649 NHN Corp. 216,418 477 Nintendo Co. Ltd. 289,740 15,254 Omnicom Group, Inc. 1,048,407 3,664 1 Orbcomm, Inc.
    [Show full text]
  • Announcement of Interim Results for the Six Months Ended June 30, 2018
    Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. (A joint stock limited company incorporated in the People’s Republic of China with limited liability) (Stock Code: 3606) ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED JUNE 30, 2018 The board of directors (the “Board”) of Fuyao Glass Industry Group Co., Ltd. (the “Company”) is pleased to announce the unaudited interim results of the Company and its subsidiaries for the six months ended June 30, 2018. This announcement, containing the full text of the 2018 interim report of the Company, complies with the relevant requirements of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”) in relation to information to accompany preliminary announcements of the interim results. The printed version of the Company’s 2018 interim report will be dispatched to the holders of H shares of the Company and available for viewing on the websites of the Hong Kong Stock Exchange at http://www.hkexnews.hk and of the Company at http://www.fuyaogroup.com before the end of September 2018. By order of the Board Fuyao Glass Industry Group Co., Ltd. Cho Tak Wong Chairman Fuzhou, Fujian, the PRC, August 21, 2018 As at the date of this announcement, the Board of the Company comprises Mr.
    [Show full text]
  • Automotive Design and Auto Glass Windshield Re-Glazing
    Updated Program The first and largest expert meeting on automotive glass 3rd International CTI Conference June 20 – 21, 2017 | Rochester (MI), USA Who you will meet – previous participants included: u AGC u Dura Automotive u GM Warren Technical Center u Saint Gobain Sekurit u AGP Glass u Eastman Chemical u Guardian Industries Science & u SCHOTT Technical Glass u Antaya Technologies u Evonik Cyro LLC Technology Center Solutions GmbH u Belron International u Five Star Coatings Group u Honda R&D Americas, Inc. u Volkswagen AG u BROSE North America u Ford Motor Company u Mercedes Benz U.S. u Webasto Roof Systems Inc. u Carlex Glass Company u Fuyao Glass America u NSG Group u Yanfeng Automotive u Corning Incorporated u General Motors u Pilkington NA Interiors Main Topics 2017: Trends and innovations in automotive glazing | Automotive design and auto glass Windshield re-glazing | Cabin thermal energy / vehicle efficiency | Bonding glass Benefits of lightweight | Next generation acoustic interlayer | Polycarbonate glazing Your partner for automotive excellence | Automotive Glazing USA JOIN THE AUTO GLASS COMMUNITY Customer Service & Registration FORUM FOR THE AMERICAN AUTOMOTIVE GLAZING INDUSTRY! Ilker Aydin Participate in the annual gathering of key Phone: +49(0)2 11.96 86 – 38 46 players innovating automotive glazing and Email: [email protected] meet experts in this field. Listen to overall solutions and latest technologies provided Sponsoring & Exhibition by OEMs, suppliers and R&D. Şenel Çelik, Sales Manager YOUR ADVANTAGES
    [Show full text]
  • Xinyi Glass [0868.HK] Improving Supply/Demand Situation
    March 04, 2016 Xinyi Glass [0868.HK] Improving supply/demand situation. Initiate with BUY Xinyi Glass (XYG) is a leading diversified glass manufacturer and the second-largest float China Construction Sector - glass producer in China. XYG has a 20% share worldwide of the automobile (auto) after- market replacement glass market. Despite concerns about the outlook for XYG’s float Building Materials glass division, given industry-wide excess capacity, the Chinese government’s supply-side reform policy might change the supply/demand dynamics of the industry, which would be positive for XYG. With resilient global aftermarket auto glass demand, the wide adoption of BUY Low-E glass, and capacity rationalization in the float glass industry in China, we expect XYG to post a 8.2% top-line CAGR and 18.4% bottom-line CAGR in 2015-17E. We also maintain the view that the negatives for XYG have been priced-in. Details on the govern- Close: HK$4.39 (Mar 03, 2016) ment’s target for capacity reduction in the float glass industry, further cuts in natural gas prices, and the Xinyi Solar (XYS) development plan are share price catalysts. The XYG Target Price: HK$5.5 (+24.7%) share price may come under pressure because of weak market sentiment, which in our view offers a good buying opportunity for investors. XYG is now trading at 8.4x 2016 PER. With its undemanding valuation, we initiate coverage on XYG with a Buy rating for a target price of HK$5.5 (based on 10.5x 2016E PER, lower than historical average and but in line Share Price Performance with the average of its listed peers).
    [Show full text]
  • International Corporate Investments in Ohio Operations
    Research Office A State Affiliate of the U.S. Census Bureau International Corporate Investment in Ohio Operations 20 September 2007 June 20 June 2020 Table of Contents Introduction and Explanations Section 1: Maps Section 2: Alphabetical Listing by Company Name Section 3: Companies Listed by Country of Ultimate Parent Section 4: Companies Listed by County Location International Corporate Investment in Ohio Operations June 2020 THE DIRECTORY OF INTERNATIONAL CORPORATE INVESTMENT IN OHIO OPERATIONS is a listing of international enterprises that have an investment or managerial interest within the State of Ohio. The report contains graphical summaries of international firms in Ohio and alphabetical company listings sorted into three categories: company name, country of ultimate parent, and county location. The enterprises listed in this directory have 5 or more employees at individual locations. This directory was created based on information obtained from Dun & Bradstreet. This information was crosschecked against company Websites and online corporate directories such as ReferenceUSA®. There is no mandatory state filing of international status. When using this directory, it is important to recognize that global trade and commerce are dynamic and in constant flux. The ownership and location of the companies listed is subject to change. Employment counts may differ from totals published by other sources due to aggregation, definition, and time periods. Research Office Ohio Development Services Agency P.O. Box 1001, Columbus, Ohio 43266-1001 Telephone: (614) 466-2116 http://development.ohio.gov/reports/reports_research.htm International Investment in Ohio - This survey identifies 4,303 international establishments employing 269,488 people. - Companies from 50 countries were identified as having investments in Ohio.
    [Show full text]
  • Strengthening Sustainability in the Glass Industry
    Strengthening Sustainability in the Glass Industry About IFC IFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2020, we invested $22 billion in private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity. For more information, visit www.ifc.org. Authors This report was written by IFC Manufacturing, Agribusiness & Services (MAS) staff members Peter Kamicha Kamau, Associate Investment Officer; Marek Stec, Senior Industry Specialist; Li Tu, Global Sector Lead and Senior Investment Officer; and Sabine Schlorke, Global Manager. For additional information about this report, please contact Li Tu at [email protected]. Acknowledgments Special thanks to Gary Seidman and Kathy Chen for their involvement in producing this series. In addition, Irina Sarchenko, IFC Communications Analyst managed the design process, and Aliza Marcus, IFC Senior Communications Officer for Manufacturing, Agribusiness & Services, assisted in the preparation and finalization of the series. Disclaimer The findings, interpretations, views, and conclusions expressed herein are those of the authors and do not necessarily reflect the views of the Executive Directors of IFC or of the World Bank or the governments they represent. While IFC believes that the information provided is accurate, the information is provided on a strictly “as-is” basis, without assurance or representation of any kind. IFC may not require all or any of the described practices in its own investments, and in its sole discretion may not agree to finance or assist companies or projects that adhere to those practices.
    [Show full text]