(D&B and China Spring Company Joint Venture Agreement.)
The merging of D&B’s “Unique Engineering and Manufacturing Capabilities in Automotive Seating Parts, 4-slide Wire-Forms and Counter-Balance Springs” with China Spring’s established infrastructure & market position in “Hot rolled Stabilizer bars, Automotive Valve Springs and Suspension Springs”.
Provides the potential to establish “market leader position” in these product areas while also creating business model capable of serving customers globally.
Provide reciprocal support to one another, thus affording each company’s respective customers access to the full spectrum of knowledge, technical and engineering know-how and manufacturing capabilities collectively possessed by each organization.
Recognizing the growing trend towards the marketing of customer automotive designs on a global basis, through access to each company’s cross functional support spanning all program life cycle stages, we believe that customer value will be maximized through the harnessing and leveraging of the combined efforts and abilities of both Dudek & Bock and China Spring Company.
SHANGHAI DUDEK & BOCK SPRING CO., LTD.
CHINA SPRING COMPANY
Shanghai Spring Manufacturing Co., Ltd. was founded in 1937, under the Shanghai Automotive Industry (Group) Corporation is the largest spring manufacturing enterprises in China, China General Machine Components Association spring professional branch of the president of the enterprise.
Professional production of Automotive Suspension Springs / Engine Valve Springs / Stabilizer Bar / Die Springs / Shaped Springs / Disc Springs / Hot Springs / Locomotive Spring / Stamping Parts / Precision Springs and other types of springs.
SHANGHAI AUTOMOTIVE INDUSTRY CORPORATION (SAIC)
China Spring Company is a subsidiary of Shanghai Automotive Industry (Group) Corporation (SAIC). SAIC Motor Corporation Limited is the largest listed vehicle-making corporation on the Chinese stock market.
The main businesses of SAIC Motor include R&D, production and sales of vehicles (including passenger and commercial vehicles) and components (including engine, transmission, power train, chassis, interior and exterior trim, electronic and electric parts, etc.), as well as automotive trade in services ( including auto financing business).
Major vehicle companies under SAIC Motor are SAIC Motor Manufacturing Co., Ltd., SAIC Motor Commercial Vehicle Company, Ltd., Shanghai Volkswagen Automotive Co. Ltd., Shanghai General Motors Corp., Ltd., SAIC-GM Wuling Automobile Co., Ltd., NAVECO, SAIC-IVECO Hongyan Commercial Vehicle Co., Ltd., Shanghai Sunwin Bus Corporation, etc.
In 2011, SAIC Motor sold over 4 million vehicles, thus keeping its leadership on the domestic automotive market, and ranked among the Fortune Global 500 for the seventh time on the strength of a consolidated sales income of 54.257 billion US Dollars for the previous year, taking the 151st place there and rising by 72 places over 2010.