Home >

Jiangsu Broadway Automotive Fabric Group Limited By Share Ltd Successfully Listed

2010/12/9 10:06:00 57

December 7th morning, Shenzhen stock exchange, China Auto

Interior fabric

Jiangsu's broad-minded auto fabric group Limited by Share Ltd has been listed successfully.

The stock is called Jiangsu broad-minded, and the code is 002516.

This time, Jiangsu Broadway issued 50 million shares for the first time, accounting for 25% of the total share capital issued.

On the first day of listing, shares closed at 23.25 yuan, or more than 15%.

Jiangsu Broadway automotive fabric group Limited by Share Ltd

Leading products

For automotive interior fabrics used for car seats, door panels, ceiling, and automotive interior fabrics, color difference polyester filament is used.

Shen Jieliang, chairman of the broad-minded company, told reporters that the strict matching supplier system of the automobile manufacturers made the entry barriers of the automotive interior fabric industry higher, the certification time was longer, and the supply increase was limited, which led to the high concentration of the industry, which provided more than 70% of the market supply by a few large scale enterprises.

The accumulation of 10 years has laid the leading position in the industry for broad-minded.

Color difference from automotive interior fabrics

Polyester filament

Production, to weaving, dyeing, finishing, compound, tailoring, and then to the finished products of automobile interior fabrics, the mode of production with fixed output makes the company more competitive than its counterparts.

Broad-minded company is an interior fabric supplier of more than 40 large and famous automobile manufacturers at home and abroad. The end users include FAW Volkswagen, Shanghai Volkswagen, SAIC GM Wuling, Geely Automobile, Dongfeng Automobile, FAW liberation, Jinlong bus, the Great Wall automobile, Chery automobile, Yutong Bus, Beijing modern, Jianghuai bus and so on, covering the main domestic vehicle manufacturers.

At the same time, the company is also Germany's Volkswagen BMG certification of the global automotive interior fabric suppliers, and officially became a supplier of Dongfeng Nissan in 2008, began mass supply in 2009, breaking the Japanese auto supplier has been supplied exclusively by Japanese suppliers.

It is understood that after Jiangsu's extensive listing, the funds raised will mainly be used to introduce shuttleless looms to produce high-grade automotive interior decoration fabrics and the production of color difference fibers for automobile decoration, with a total investment of 263 million yuan.

The company's current automotive interior fabric products have been in short supply, the capacity utilization rate is close to 100%, and need to be supplemented by external processing.

The introduction of shuttleless looms to increase the output of automotive interior fabrics is conducive to the company's market share.

It is reported that the construction period of the project is expected to be one year, and the production capacity will be increased by 8 million 740 thousand meters.

The production of color difference fibers for automobile decoration is in line with the industrial development trend of green environmental protection and cleaner production. The company will enhance its competitiveness in this field. Meanwhile, the increase of raw material self-sufficiency rate will also greatly reduce the cost.

Automobile interior decoration is an important application field of textile in automobile production. With the high growth rate of automobile industry, the prospect of automobile interior decoration is very wide. In 2009, the number of cars in China was 76 million, and there were about 50 vehicles per 1000 people, which has a large gap with the world average level of 1 million 350 thousand cars per 1000 people. In the future, the capacity of automobile market in China is greatly improved. The automobile interior decoration will share the natural growth of the automobile industry and expand the substitution of imported fabrics and leather and artificial leather materials. The knocking of the listing bell indicates a new starting point for the broad going forward, and with the strong support of benign capital, broad-minded will better seek the blueprint for increasing production capacity, improving technology and meeting the needs.