With the completion of the new round of the board of directors of the joint venture company, Changhe Suzuki, which has received much attention due to the “suspension†incident, is expected to enter a new phase of growth.
The reporter recently learned from the 14th Board of Directors of Changhe Suzuki, which has just concluded, that Chinese and Japanese shareholders have made joint efforts to strengthen and expand Changhe Suzuki, and have adopted a high-profile investment project to increase production and expand 150,000 engines in Jiujiang. As a result, Changhe Suzuki has become the first Japanese vehicle joint venture in the country that has announced a contrarian expansion since the Japanese car sales crisis.
“The meeting discussed in detail several important issues concerning the current and future development of Changhe Suzuki. It focused on studying Changhe Suzuki’s 2012 business objective plan adjustment plan and reached an agreement including the approval of the 150,000 engine capacity expansion project for Changhe Suzuki Jiujiang Base. A series of constructive achievements," Changhe Suzuki released to the media last week, said the news release, this time the board of directors has been highly valued by Chinese and foreign shareholders.
It is reported that China Chang'an Group is led by President Zou Wenchao and all the directors of China participate in the meeting. Suzuki is led by Deputy President Suzuki Junhong to take part in the participation of all directors of the Japanese side. It can be seen that both shareholders share the importance attached to the board of directors. In view of the development status of Changhe Suzuki, the conference emphasized that it is necessary to set the medium and long-term development plan for Changhe Suzuki as soon as possible and effectively and effectively guide Changhe Suzuki to achieve better development.
According to reports, the 150,000-engine capacity expansion project at Changhe Suzuki Jiujiang Base has invested a total of 168 million yuan, and is expected to be completed and put into production in 2013. It will mainly produce Suzuki's global strategic small-vehicle engine, the Suzuki K-series engine. At present, the engine has been successfully equipped with Changhe Suzuki's Big Dipper, Liana, and the recently listed Big Dipper X5 and other products.
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