Fuyao Glass will invest another 30 million in Russia.
The Information Office of the Kaluga California Regional Development Agency told the Russian Satellite News Agency that Fuyao Glass's Kalugade plant plans to invest $4.5 million (approximately RMB 30.19 million in observer nets) in 2019 to automate the production line.
According to reports, Fuzhou Fuyao Glass's factory in Kaluga is a large overseas project. Its main customers are Volkswagen, Volvo, Nissan, Hyundai, Renault, Logo, Ford and many more.
Jie Zhi, deputy general manager of Fuyao Russia, pointed out that the capacity bottleneck restricts the company's strategic development. According to the plan, this year the factory will produce 5.5 million pieces of automotive glass. The company expects sales of automotive glass to increase by 20%. In 2018, the total investment of Russian companies in new equipment was about 1 billion rubles (about 100 million yuan).
It is understood that Fujian local enterprises, China's auto glass leader Fuyao Glass Group, invested $200 million in a plant in Kaluga, Russia, as early as 2011, which is the first production company of Fuyao to go overseas. Russian local staff. The company currently produces 1.2 million sets of tempered and laminated glass annually, and plans to reach 2 million sets of capacity by the end of this year.
Cao Dewang, chairman of Fuyao Group, said: "We started in Russia and later expanded to the United States and Europe to set up factories. Fuyao will become a big automobile glass manufacturer in the world." Starting from the BRICS market, we will become bigger and stronger. Gradually expanding to developed country markets, this has become the choice of some Fujian enterprises.