GLFD Precision Machinery Group announced on the evening of March 12 that the group will invest 1 billion yuan to invest in the construction of large-scale crankshaft precision forging production line projects.
GLFD is a major professional manufacturer of auto parts in China, and it is one of the major manufacturers of engine crankshafts and automobile clutches in China. The company's products have gradually expanded from supporting commercial vehicles to passenger vehicles. The company's customers have gradually developed into an industrial pattern that focuses on domestic and foreign customers with domestic OEMs and OEMs.
With the support of national policies, the continued prosperity of the marine, nuclear power, and large construction machinery industries will continue to increase demand for large crankshafts and crankshaft forgings.
The "large-scale crankshaft precision forging production line project" is an important measure for the company to develop the large-scale crankshaft business. After the successful implementation of the project, the company will be able to produce large-scale crankshaft blanks with a length of 1.6 to 8.0 meters, which will form an annual output of 11,900 large and medium-sized The production capacity of crankshaft forgings can enhance the company's supporting capabilities for the crankshafts of ships, nuclear power and large construction machinery, forming a new growth point for the company.
The project construction period is 36 months, and the project covers an area of 13,608 square meters.
In 2018, GLFD entered into a joint venture agreement with an advanced large-scale precision crankshaft manufacturer in Germany to set up a joint venture company to enter the large-scale crankshaft business. German partners have world-class advanced technologies and patents. The large-scale crankshafts produced are used for marine internal combustion engines and large generators, respectively. And nuclear power generators and other fields, is the world leader in the production of large crankshafts from 4 to 8 meters and the world's largest supplier, its customers include the United States Caterpillar, Cummins, Germany Mann, Wärtsilä, MTU, Daimler , Porsche, BMW, Volkswagen, and Mitsubishi Heavy Industries of Japan.