Xuchang Far Eastern Transmission Shaft Co., Ltd. (formerly Xuchang Automobile Transmission Shaft General Factory) was founded in 1954, is the State Ministry of Machinery, Automobile Bureau in January 1969, the establishment of the first automobile special transmission shaft assembly manufacturing base in 2004 restructured into a private enterprise.
After more than 50 years of hard work and investment in technological reform, especially in recent years, the implementation of the enterprise culture to drive the economic and technological development of enterprises, internal management, external image, "innovation and perfection every day", the introduction of Germany, the United States, Japan, contemporary advanced design and manufacturing technology, so that the enterprise has developed into the country's largest in the industry, with the most complete varieties of the strongest production capacity, the best quality of the drive shafts. Specialized in the production of drive shafts. Now we have nearly one hundred supporting factories, 380 sales outlets and 20 distribution centers. In the construction machinery and military vehicles supporting the share of more than 90%, the industry market share in addition to FAW, FAW has reached 30%.
Famous Trademarks
The trademarks of Xuchang Far Eastern Transmission Shaft Co., Ltd. registered as """, "XU Transmission" and "XU Vehicle Transmission" belong to the Famous Trademarks of Henan Province, and are the key trademarks protected by Henan Province.
Geographic location and transportation
Xuchang Far Eastern Transmission Shaft Co., Ltd. is located in the northern suburb of Xuchang City, Shangji Town, Zhengzhou, 80 kilometers south of the factory across the east and west of the 107 National Highway, 5 kilometers from the Beijing-Guangzhou Railway Xuchang Station, 8 kilometers from the entrance to the Beijing-Zhuhai Expressway, 40 kilometers from the Zhengzhou International Airport.
Enterprise scale
Xuchang Far Eastern Transmission Shaft Co., Ltd. has total assets of 390 million yuan; covers an area of 550,000 square meters, building area of 168,000 square meters, 1,960 employees, 402 various types of engineers and technicians, 160 management personnel, 138 R & D personnel. There are 845 sets of main production equipments and 36 sets of professional testing equipments. It has 58 main parts production lines such as gold cutting processing, nylon coating, heat treatment, etc., with an annual production capacity of 1.6 million sets. Subordinate six subsidiaries, one each in Beijing and Liuzhou, and four locally.
Export Dynamics
At present, Xuchang Far Eastern Transmission Shaft Co., Ltd. has signed OEM export orders with a number of well-known companies in the U.S. and Germany, and has reached an agreement on cooperation, and the export of foreign exchange of 5 million U.S. dollars in 2006 is expected to reach 30 million U.S. dollars in three years.
Vision
In order to meet the domestic and international market demand, since 2005, the company has invested 200 million yuan, 250 acres of land acquisition, the purchase of CNC special equipment 318 sets. With a total construction area of 68,000m2, the company has built a production base of 2 million sets of drive shaft assemblies and 2 million OEM auto parts. At present, the main project has been completed, June 16, 2007 officially moved, put into production. After the project is completed and put into production, it is expected that at the end of "Eleventh Five-Year Plan", the output value of Far Eastern Company can reach 2 billion yuan, sales income of 1.8 billion yuan, profit tax exceeds 460 million yuan, and 800 people can be newly arranged for employment. Here will become China's largest drive shaft production base and parts export base.