In the first half of November, Mr. Jack, the chairman and CEO of ASIMCO Technologies Co., Ltd., led his high-tech partner, once again embarked on the “Hometown of China’s Piston Rings†that he is already familiar with—Jiangsu. Yizheng will further expand the field of auto parts cooperation and upgrade the technical level of existing projects for a referral review. Previously, ASIMCO has successfully cooperated with Yizheng for more than 10 years around the investment in the “heart†(engine's “heartâ€)—piston ring project, and established a global benchmarking company with outstanding performance in the local area, a huge engine. As a result, parts manufacturing bases are closely linked to the needs of the international market. Yizheng provides more than 2,000 kinds of piston rings to the world each year, with a total supply of nearly 200 million pieces. It not only continues to occupy the top spot in China, but also leads the world.
Located at the top of the Yangtze River Delta, Riverside Metro Yizheng was once famous for its largest hardtop Jeep manufacturing base, the Dawn Auto Manufacturing Plant and the largest piston ring professional production base in China, Yizheng Double Ring Piston Ring Co., Ltd. Yizheng Shuanghuan Piston Ring Co., Ltd., through the introduction of advanced technology and equipment from Germany and Japan, has absorbed US$26 million in international capital to form a Sino-U.S. joint venture “Shuanghuan†Company. It has won 18 consecutive years of production and sales. The major manufacturers of more than 100 engines in the country have become supporting facilities. Object. For every 10 piston rings used in China, 7 are from Yizheng Shuanghuan. On average, more than 250 new products come out every year. In the new materials, home-made equipment, etc., they maintain a level of synchronization with Japan, Germany, and other developed countries. Some of the crafts are also leading the country for 10 years, and thus form “I have no people, people have me. Excellent" core competitiveness, "Shuanghuan" company has ranked among China's 500 top 500 machinery and automotive components.
In order to adapt to the new round of global procurement and modular supply market structure, Yizheng has accelerated its efforts to accelerate the process of introducting in-house connections to the local engine parts industry. Through strong promotion of “chain extensions and business attractionâ€, ASIMCO Industrial Technology Co., Ltd Expansion and capital increase, expansion to upstream, investment of US$12 million to establish Yizheng ASIMCO Casting Co., Ltd., to build a domestic first-class automotive engine casting production center in line with Japan, South Korea, and European and American standards in accordance with an annual output of 120 million piston ring blanks. ASIMCO also made full use of its unique advantages in the world to provide a full range of camshaft products. It is estimated that the company will invest 30 million US dollars in the construction of its own camshaft project, integrating the best quality resources of China and the United States, and focusing on providing support for the top three automobile manufacturers in the United States. . Coincidentally, Japanese NPR Company, the world's top piston ring manufacturer with a history of more than 10 years of cooperation with Yizheng at the technical level, has also worked closely with ASIMCO and Shuanghuan to establish Yizheng Rihuan ASIMCO Co., Ltd. The project of jointly constructing a steel strip ring will provide high-grade piston rings exclusively for cars and mini-cars. Currently, the above projects have been completed and put into production. Recently, the French PSA Peugeot Citroën team went to Yizheng "Shuanghuan" company for on-the-spot comprehensive evaluation and concluded that: Yizheng double-ring piston ring has a certain degree of competitiveness in the international community and there is a good space for cooperation between the two parties.
The world's industries are gathering strength and enthusiasm, echoing each other, linking up and down to build professional engine parts clusters, establishing a global logistics capability for Yizheng, and laying a solid foundation for entering the international supporting system of auto parts. Based on the cooperation with Daewoo Heavy Industries of Korea and Iveco of Turkey, the sales of Yizheng double ring piston rings in the United States, Canada, and European countries have also seen a strong increase. In recent years, sales will reach a scale of 1 billion yuan.
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