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Jinsheng Axle | Caring for Employees, Health Check-ups, Safeguarding Employee Health!
The leadership of Shandong Jinsheng Axle Company is genuinely concerned about employee health. On July 24, 2018, they organized a health check-up event, inviting the Liangshan Industrial Park Health Service Center and Taikang Hospital to conduct comprehensive health examinations for the group employees. This event serves as a warm platform for employees, and in the future, there will be more effective follow-ups to understand employee conditions, manage health, and provide health security, allowing employees to engage in work with a good physical state.
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Warm congratulations on the successful conclusion of the 13th China (Liangshan) Special Vehicle Exhibition.
On September 17, the 13th China (Liangshan) Special Vehicle Exhibition opened grandly at the Liangshan International Convention and Exhibition Center. Relying on its industrial advantages, Liangshan County successfully held twelve sessions of the China (Liangshan) Special Vehicle Exhibition from 2005 to 2016. This is a national-level exhibition for the special vehicle industry, organized by the China Association of Automobile Manufacturers and the Shandong Provincial Automobile Industry Association. The 13th China (Liangshan) Special Vehicle Exhibition will be held from September 17 to 19, 2017, at the Liangshan International Convention and Exhibition Center. The exhibition fully leverages the influence and radiating power of the national-level special vehicle industrial base.
Jinsheng Axle is attending the exhibition in Hannover, Germany.
On July 16, representatives from five companies: Yangjia Automobile, Feichi Automobile, Juyuan Automobile, Shandong Jinsheng Axle, and Liangshan Shenli, showcased Liangshan's specialized vehicle and parts production capabilities at the world's top commercial vehicle exhibition in Hannover, Germany. Li Baojiang, a member of the county committee and executive deputy county head, attended the departure ceremony held at the Liangshan International Exhibition Center.
Investing 700 million, Hongyan aims to strengthen its presence in the axle market.
On March 25, reporters learned from SAIC Iveco Hongyan Automobile that the company will invest 700 million yuan to build a new project for 300,000 axles on the site of its old factory. These components will not only support the Hongyan and Iveco vehicles produced in Chongqing but will also introduce Iveco technology, re-entering the heavy truck axle market. Following the joint venture between Hongyan and SAIC Iveco and the relocation to the Liangjiang New Area Automobile City, the old factory located in Shuangqiao is gradually becoming a production base for key components. "We will re-enter the truck axle industry," said Xiong Weiming, General Manager of SAIC Hongyan Iveco. The investment for this project will reach 700 million yuan.
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The general strike at Thai factories has resulted in a loss of 15 million dollars for American axle manufacturers.
According to Automotive News, due to a strike at General Motors' factory in Thailand, the company's parts supplier, American Axle Manufacturing, has also been affected. The production cuts caused by the strike could lead to a loss of $15 million for the latter. American Axle supplies front and rear axles and drive shafts to General Motors' local factory from its facility in Rayong, Thailand, for the production of mid-sized trucks. In a recent document, American Axle stated that it expects to incur a loss of $15 million in the first quarter of this year due to the impact of the strike at General Motors' Rayong factory.
American axle Q2 revenue rises 8.1%, net profit surges 4.5 times.
On August 5, Gai Shi Automobile Network reported that American Axle Manufacturing announced a robust growth in both operating revenue and net profit for the second quarter of this year, thanks to the strong recovery of the U.S. light truck market. In the second quarter of this year, American Axle's operating revenue reached $799 million, an increase of 8.1% compared to $740 million in the same period last year. Notably, the revenue generated from non-GM business saw a significant increase, rising 12.9% year-on-year to $224 million, with its share of total revenue climbing from 26.8% in the same period last year to 28%. American Axle's President and CEO David C. D.