A group of technologically advanced auto supporting companies are growing up in Wuhan Optics Valley. A few days ago, the new plant of Wuhan Jinfeng Auto Parts Co., Ltd., a Sino-Japanese joint venture, laid the foundation for Optics Valley. It is estimated that in 2007 sales revenue will be 250 million yuan and profits and taxes will be more than 30 million yuan.
The company, which is a joint venture between Japan's Honda subsidiary, Toyotomi Research Co., Ltd. and a Chongqing company, has a total investment of 14.5 million U.S. dollars. It entered Optical Valley earlier this year and has leased temporary production. The new factory covers an area of ​​42,000 square meters and will establish an annual production capacity of 300,000 sets of auto silencers, exhaust pipes and other accessories.
Also this year, Wuhan Marunou Auto Parts Co., Ltd., a wholly-owned Japanese company that supplies Dongfeng Honda, will build a new factory in Optics Valley, and will introduce automatic press production lines. It is expected that sales revenue will reach 390 million yuan in 2007.
In addition, Optics Valley has a world-class supplier of automotive chassis manufacturers. Wuhan ThyssenKrupp Co., Ltd., which was invested by ThyssenKrupp AG, one of the world’s top 500 companies, started construction at the end of last year and will Shenlong and other auto manufacturers supply. Sumitomo, Hirata, Hongo and other Japanese automotive electronics and automotive parts companies also settled in Optics Valley. During the Light Fair last year, the National Torch Plan Wuhan Automotive Electronics Industrial Base was settled in Optics Valley. Experts believe that the rise of auto parts and components companies will effectively promote the construction of the base.
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