On the afternoon of September 20, He Guangzhou, General Secretary of Jingzhou Municipal Party Committee, and Cui Yonghui, Mayor of Jingzhou Government, met with Bantian Huiyi Vice President of KYB Corporation of Japan and his parties. Both sides had anin-depth discussion on enhancing the cooperation in terms of automotive parts manufacturing.
Secretary He Guangzhong expressed his warm welcome to the visit of the delegation led by Bantian Huiyi and extended congratulations to the implementation of the cooperation between Henglong Group and KYB Corporation. He said that, Jingzhou owns a long history and profound culture and thus, it has a huge potential of development in the future. Automotive part manufacturing is one of the pillar industries of Jingzhou and Henglong Group is the leader of this industry. The Hubei HanglungKYB Auto Electric Power Steering System Co., Ltd which was co-established by HenglongGroup and KYB Corporation is a win-win co-operation with bright prospect which will definitely promotes the automobile industry of Jingzhou to a mode of high-side cluster.
Bantian Huiyi introduced the development course andcurrent condition of KYB Corporation. He said that, KYB Corporation reached cooperation intention with Henglong Group a few years ago. Through the concerted efforts, it has been implemented in recent days. Besides, the cooperation between both sides in new field has already been in the stage of discussion and exploration. During this visit, the delegation had a site investigation on Henglong Group Jingzhou Factory and they were inspired and thus their confidence in win-win cooperation had been intensified. He hoped that, localgovernment will vigorously support the growth of new company and help it to advance the R & D technology, product quality, and market competitiveness during the process of complementary advantages of the new company.
Jiang Hong, Member of Jingzhou Municipal Party Committee and Secretary of Party Working Committee of Jingzhou Development Zone, and Chen Hanlin, Chairman of the Board of Hubei Henglong Corporation Group were present.
It is said that, Hubei Hanglung KYB Auto Electric Power Steering System Co., Ltd held its ground breaking ceremony a few days ago. This project is co-invested and co-built by Henglong Group and KYB Corporation, covering an area of 252 mu with an overall investment of 960 million. It is predicted to realize an annual output of RMB 6 billion and annual tax of RMB 220 million in 2027.