Beiqi Futian Sichuan Project Accelerates
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On October 8, at the Sichuan Province Post-disaster Reconstruction (Beijing) Investment Briefing, the People's Government of Deyang City of Sichuan Province and Beiqi Foton Motor Co., Ltd. (Fukuda Automobile) formally signed a strategic cooperation framework agreement in Beijing, marking the The Sichuan Automotive Project officially settled in Deyang, Sichuan. Leaders of Beijing Municipality, Sichuan Province, and Deyang City, Beiqi Holding Co., Ltd., and Foton Motor related persons attended the signing ceremony.
Futian Automobile's new plant in the Deyang area of ​​Sichuan Province is located in the Chengdu (Du) De (Yang) Mian (yang) Economic Zone, a suitable reconstruction area in Sichuan Province. The specific construction site is Deyang Economic and Technological Development Zone. The new plant will mainly produce light trucks and construction vehicles with an investment scale of approximately 800 million yuan. The estimated annual production capacity will reach 100,000 vehicles and the annual sales revenue will reach 4.5 billion yuan. The new plant is planned to start investment construction in early 2009. After the new plant is completed, it will become the only production base of Foton Motor in the southwest region. The construction of the new factory will effectively support the post-disaster reconstruction work in the Deyang area.
As the largest commercial vehicle company in China, Foton Motor always supports the earthquake relief and post-disaster reconstruction work with a high degree of corporate social responsibility. After seeing some schools in Deyang suffered heavy losses, Futian Motors decided to donate 300,000 yuan on May 12th to support the relief work in Deyang. In the following period, Foton Motor supported the earthquake-stricken area by donating nearly RMB 5 million in donations. At the same time, Foton Motor also gave condolences to the suppliers and distributors in the quake-hit areas respectively, broke the rules, changed the payment period originally agreed in the contract, paid for the advances in advance through cash, and supported them in rebuilding their homes and restoring production. In addition, Foton Motor will also conduct a post-disaster psychological demand monitoring and investigation activity with the Joint Zero Survey Company to provide practical help for the post-disaster recovery of the affected people and the earthquake disaster.
Post-disaster reconstruction is a long process. Support for the reconstruction of the disaster area is also a long-term process. To more effectively and lastingly support post-disaster reconstruction in the Deyang area and promote sustainable socio-economic development, the relevant person in charge of Foton Motor visited the Deyang area several times in the three months following the May 12 earthquake. The demand for post-disaster reconstruction, based on the letter of intent signed by both parties in March of this year, continued to expand the contents of strategic cooperation, and advanced the time to build a new factory in Deyang, and strived to promote the entire automotive industry in Deyang by accelerating the pace of the construction of new factories. The overall optimization and development of the cluster.
According to the relevant person in charge of Foton Motor, Deyang has a good investment environment and industrial foundation. It is an important industrial city in China, and it also has a good foundation in the automotive industry. This is one of the important reasons for Foton Motor to establish a new factory in Deyang. After the completion of the new plant, Foton Motor will strengthen the local procurement of parts and components, build new dealers and after-sales service teams in Deyang, Shifang, etc., strengthen exchanges and cooperation with local suppliers and distributors, and drive product optimization in the industry chain. And upgrading technology to jointly promote industrial upgrading and provide more lasting impetus for regional development. In addition, through the cooperation with Foton Motor, the annual sales revenue of local auto parts and related companies is expected to reach more than 4.5 billion yuan, which will promote the recovery of the local economy. At the same time, through the establishment of a new factory and the expansion of supporting enterprises, the cluster development of the automobile industry in Deyang will be promoted, which will increase the demand for local enterprises to absorb labor and further ease the employment pressure of the labor force in the disaster-stricken areas.
In addition, since light trucks and construction vehicles are all means of production, these automobile products are the means of transport for the construction of new homes in the aftermath of the disaster and for the people in the affected areas to become rich, and play an important role in the work of post-disaster reconstruction. Foton Motor's plant construction in Deyang can further understand the needs of local consumers, so as to achieve targeted and effective product improvement, while reducing costs through localization of supporting products, sales and services, can provide people in disaster areas with local needs and economy. Affordable, high-quality trucking products. According to reports, Foton Motors, which was established in 1996, is the largest commercial vehicle manufacturer in China, and its sales of commercial vehicles ranked first for four consecutive years. The trucks it produced were awarded the title of “China Top Brand Products†in 2007, among which the light truck products were one of the most competitive trucks of Foton Motor and ranked the 9th consecutive year in the sales ranking of light trucks. One.
With the signing of the strategic cooperation agreement, the construction of the Foton Motor Deyang plant has gradually entered the implementation phase, and it is expected that the new plant will be invested and built in 2009.
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