Yuchai Group Releases 2008 Sustainability Report in Beijing

GKN Driveline is moving forward with its plan to build a new driveshaft manufacturing facility in Wuhan. By the end of this year, the plant will start supplying driveshafts to Dongfeng Motor Corporation and its joint ventures with Honda and Citroen. This strategic move highlights GKN's continued confidence in the Chinese market. The new factory will span 144,000 square feet (approximately 15,700 square meters) and will be managed by Shanghai Natieus Drive Shaft (SDS). Once fully operational, it is expected to create over 600 jobs and produce more than one million driveshafts annually. This expansion underscores GKN’s long-term vision for growth in the region. Mr. Wang Haixiang, Director of China Business Development at GKN Group, emphasized the company’s deep commitment to China. “In today’s challenging global economic climate, especially with the ongoing impact on the automotive sector, our long-term strategy remains strong,” he said. He also highlighted that GKN has celebrated 250 years of engineering excellence this year and is looking to further strengthen its relationships with Asian customers. The Wuhan plant will be operated by one of China’s oldest Sino-foreign joint ventures in the auto parts industry. GKN has maintained a successful partnership with SAIC for 21 years, producing transmission shafts for the domestic market. The joint venture agreement will be renewed for another 50 years, with a ceremony scheduled in London on April 24th. Wang noted that GKN was the first European auto parts supplier to invest in China and has since become a leading manufacturer of drive system components in the country. The company continues to innovate, introducing breakthrough technologies that reduce the weight of driveshaft components, thereby improving fuel efficiency and vehicle performance. Shanghai Natieus Drive Shaft currently operates five factories across China, including facilities in Wuhan, Chongqing, Kangqiao, Shenjiang, and Zhoupu. The company has invested over $100 million (about one billion yuan) in expanding its production capacity, manufacturing more than 600,000 cross universal joints, 5 million side shafts, and 1.5 million universal joints each year. Its primary partner, SAIC, is one of China’s top three automotive companies, with annual sales exceeding 1.1 million passenger cars and 500,000 commercial vehicles. In 2007, SAIC ranked 402nd on the Fortune Global 500 list, reflecting its significant presence in the industry.

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