FAW Casting Co., Ltd. is a wholly-owned subsidiary of China FAW Group Corporation, which includes Casting Plant 1, Casting Plant 2, Special Casting Plant, Nonferrous Casting Plant, Casting Mold Equipment Plant, Wuxi FAW Casting Co., Ltd., and shares in Changchun FAW United Die Casting Co., Ltd. It is currently the largest automobile casting production base in China.
The company has a very close cooperation with FAW Casting Co., Ltd. in the joint scientific research and development of the "National Science and Technology Major Project -3500 ton Precision Horizontal Real time Control Die Casting Machine and Complete Equipment Project" and the "National Intelligent Manufacturing Equipment Development Project - Efficient Intelligent Pressing Island Project". At the same time, it has formed a national innovation alliance with universities and institutes such as Tsinghua University and China Academy of Automotive Engineering. The national project undertaken by the company in cooperation with FAW Foundry Co., Ltd. is currently progressing smoothly and has achieved phased results, meeting the requirements of the national project's phased progress and indicators. In addition, in this project cooperation, Sanji and FAW Foundry have also signed a sales contract for project products worth nearly 100 million yuan.
In December 2012, due to the close cooperation between the company and FAW Casting Co., Ltd., as well as the company's advantageous competitive position in the domestic market for large and ultra large die-casting machine products, FAW Casting Co., Ltd. once again ordered two 2000 ton and one 1250 ton die-casting automation production units from our company. The products will be delivered in the third quarter of 2013. This business cooperation fully demonstrates FAW's trust in our company, and also demonstrates the significant improvement of Sanji's equipment strength in the industry in recent years. It once again demonstrates Sanji's ability to cooperate with top domestic enterprises.