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FAW Car to Complete 2nd Plant in 2010

Tue. October 20, 2009; Posted: 08:22 AM
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CHANGCHUN, Oct 20, 2009 (SinoCast Daily Business Beat via COMTEX) -- MZDAF | Quote | Chart | News | PowerRating -- FAW Car Co., Ltd. (SZSE: 000800), the listed arm of China FAW Group Corp. will be able to start production at its second factory in the fourth quarter of 2010, predicted an executive for FAW Mazda Motor Sales Co., Ltd., also a FAW Group family member.

The Mazda 6 of FAW Mazda and the Besturn of FAW Car are manufactured on the same production line, and the production capacity is designed to stand at 120,000. However, after the Mazda 6 "Ruiyi" (in Chinese) and the Besturn B50 hit the market successively, the Shenzhen-listed automaker has had to face a capacity limit.

The new plant, based in Changchun, capital of the northeastern Chinese province of Jilin, is forecast to have a production capacity of 100,000 in the first phase. Once it is completed, all models under the Besturn brand will be made there, disclosed an insider. It will help FAW Car greatly ease the pressure from the strained capacity.

Source: www.morningpost.com.cn (October 20, 2009)
For full details for MZDAF click here.

    


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