SlideShare uma empresa Scribd logo
1 de 12
2009 is a harsh year for most of automotive aluminum
manufacturers, especially those targeting at North American
market. At first, Hayes Lemmerz, the largest automotive wheel
manufacturer in North America declared bankruptcy on May 11,
2009. Hayes Lemmerz had been suffering losses from FY2005
to
FY2009, and the economic crisis became the last straw that
forced it to file for bankruptcy protection on May 11, 2009. The
total assets of Hayes Lemmerz valued US$1.34 billion, the
liabilities amounted to US$1.41 billion, the sales value declined
by almost 50% in 2009. Superior, the largest automotive
aluminum wheel manufacturer in North America, also had a
very difficult time, and its sales value fell by 45% in 2009.
Global and China Automotive Aluminum
Wheel Industry Report, 2009-2010
Also in May 2009, Metaldyne, an aluminum wheel manufacturer headquartered in Michigan, declared bankruptcy. It
was acquired by Asahi Tec, a Japanese manufacturer, with US$215 million in 2006. Metaldyne's bankruptcy
protection made Asahi Tec lost JPY31.97 billion as investment write-down, but did not affect the cash flow. As
a result, the sales of Asahi Tec slumped by 74% in FY2009.
Some Chinese manufacturers also fell victim to the crisis, and Huatai Aluminum Wheel is among the most heavily
hit. Totally engaged in the export to the United States, its Tai’an branch suffered sharp revenue decline in 2009.
Moreover, it had accumulated huge debts during the high-speed expansion in the early stage. Eventually, it had to
declare bankruptcy liquidation in March 2010. Most Chinese manufacturers of aluminum wheels provide products to
the clients in China, Japan and EU, while small factories mainly export products to America.
China's automobile market developed rapidly in 2009, driving Chinese aluminum wheel manufacturers, especially
large ones, to grow despite the market downturn. CITIC Dicastal increased its shipment by 22% to 14.38 million,
securing its first place status by widening the gap with the runner-up. Singapore-listed Lizhong Wheel increased its
revenue by 9% against the market trends. Lioho Machine Works, Taiwan's largest aluminum wheel manufacturer,
achieved growth in income, shipment and gross profit margin.
In the EU, all aluminum wheel manufacturers are private enterprises, and they rarely publish their operation status to
the public. RONAL and UNIWHEEL focus on the after-sales markets in Asia-Pacific, North America and the
European Union, so they suffered bigger losses. BORBET aims at OEM market, with solid customer base, such as
BMW, Volkswagen, Mercedes-Benz, Volvo and Ford that have excellent performance, so it suffered less. Japanese
manufacturers have shifted most of their production bases to Mainland China and Southeast Asia, so the cost
disadvantages are not prominent.
In 2009, the sales volume of Japanese manufacturers was considerable, particularly in China, so Japanese
aluminum wheels manufacturers did better than North American and EU manufacturers.
In 2010, aluminum wheel manufacturers got explosive growth. The shipment of Superior reached 2.36 million in
Q1 2010, up 69% compared with Q1 2009; its revenue grew even faster by 84%; it is expected that the growth
rate in 2010 will be much higher than that in 2009. In December 2009, Hayes Lemmerz announced that it did not
need bankruptcy protection any more. China's Lizhong Wheel had even more outstanding performance in Q1
2010; its revenue in Q1 2010 was 114% more than that in Q1 2009; its profit in Q1 2010 surpassed all of its profit
in 2009.
China has strong advantages in the production of aluminum wheels. First, the labor costs are lower than that of
private enterprises in European Union. Second, China is the world's largest alumina supplier, and has obvious
advantages in alumina prices. Some wheel manufacturers set up factories in the vicinity of alumina
manufacturers,
such as Sanmenxia Dicastal; or alumina suppliers set up their own aluminum wheel factories, such as Chiping
Xinfa. Third, China is the world's largest automobile market and vehicle production base, and most aluminum
wheel manufacturers are near automobile production bases or ports to save logistics costs.
The EU’s anti-dumping for aluminum wheels will not have much impact on China, because the EU market only
accounts for 10% of the total aluminum wheel export of China, and the key market for Chinese manufacturers is
North America. If the United States imposes anti-dumping measures, Chinese small and medium manufacturers
of
aluminum wheels will be struck heavily. In the long term, the United States will implement anti-dumping for
aluminum wheels sooner or later, so relevant manufacturers should actively explore other markets to respond to
potential risks.
Shipment of Global Aluminum Wheel Manufacturers, 2008-2009
(Unit: 1,000)
Table of Contents
• 1. Global Automobile Industry and Market
• 2. China Automobile Industry and Market
• 2.1 Status Quo
• 2.2 Brands
• 2.3 Sales Volume
• 2.4 Export
• 2.5 Financial Status of Major Automotive Groups in
China
• 3. Overview of Aluminum Automotive Wheel
Technology
• 3.1 Manufacturing Methods
• 3.1.1 Welding
• 3.1.2 Casting
• 3.1.3 Forging
• 3.2 Magnesium-alloy Wheel
• 3.3 Advantages of Aluminum-alloy Wheel
• 3.4 Quality System and Certification for Aluminum-
alloy Wheel
• 4. Aluminum Automotive Wheel Industry &
Market
• 4.1 Global Aluminum Automotive Wheel Market
• 4.2 Global Aluminum Automotive Wheel Industry
• 4.3 Relationship between Global Aluminum
Automotive Wheel Manufacturers and Automobile
Manufacturers
• 4.4 China Aluminum Automotive Wheel Industry &
Market
• 4.5 China Steel Wheel Industry
• 4.6 Anti-dumping for aluminum wheel
• 5. Major Aluminum Automotive Wheel
Manufacturers
• 5.1 CITIC Dicastal
• 5.1.1 Qinhuangdao Dicastal Xinglong
• 5.2 Lizhong Wheel
• 5.2.1 Tianjin Lizhong / Dicastal
• 5.2.2 Qinhuangdao Dicamry Wheel
• 5.3 Zhengxing Wheel
• 5.4 Jinfei
• 5.5 Huatai
• 5.5.1 Dongfeng Huatai (Tianmen)
• 5.5.2 Huatai (Jiangmen)
• 5.6 Lioho Machinery
• 5.6.1 Kunshan Liufeng Machinery
• 5.6.2 Lioho Light Alloy (Kunshan)
• 5.7 Nanhai Zhongnan Aluminum Wheel
• 5.7.1 FAW Zhongnan Baishan Aluminum Wheel
(Hengju Aluminum)
• 5.8 Tianyang Aluminum Alloy
• 5.9 Wanfeng Auto Wheel
• 5.10 Durui Wheel
• 5.11 Shanghai Jinheli
• 5.12 Nanjing Huashun Aluminium Wheels
• 5.13 Surperior
• 5.14 Hayes Lemmerz
• 5.27 CMW
• 5.28 TOPY
• 5.29 ALCOA
• 5.30 Jingyuan Heavy Duty Machinery
• 5.31 Yongle Aluminum Wheel
• 5.32 Wuxi Zhenfa
• 5.33 Xiamen Minxing & Shanghai Guoxing
• 5.34 Wonder Kosei
• 5.35 FAWAY
• 5.36 Xingmin Wheel
• 5.37 Dongling Group
• 5.38 ASAHI TEC
• 5.39 DONGHWA
Selected Charts
• Output of Global Light Vehicles and Penetration Rate of Aluminum Wheels, 2006-
2012
• Shipment of Global Aluminum Alloy Wheels, 2006-2012E
• Global Aluminum Wheel Market Scale, 2006-2012
• Geographical Distribution of Automotive Aluminum Wheel After-sale Market, 2008-
2010
• Shipment of Global Aluminum Wheel Manufacturers by Region, 2008-2009
• Market Shares of Global Aluminum Wheel Manufacturers (by Shipment), 2008
• Market Shares of Global Aluminum Wheel Manufacturers (by Revenue), 2008
• Automotive Aluminum Wheel Suppliers of Toyota, 2008-2009
• Automotive Aluminum Wheel Suppliers of Honda, 2008-2009
• Automotive Aluminum Wheel Suppliers of Nissan, 2008-2009
• Automotive Aluminum Wheel Suppliers of General Motors, 2008-2009
• Automotive Aluminum Wheel Suppliers of Ford, 2008-2009
• Automotive Aluminum Wheel Suppliers of Volkswagen, 2008-2009
• Automotive Aluminum Wheel Suppliers of BMW, 2008-2009
• Automotive Aluminum Wheel Suppliers of Mercedes-Benz, 2008-2009
• Automotive Aluminum Wheel Suppliers of Hyundai, 2009
• Market Shares of Chinese Aluminum Wheel Manufacturers (by Revenue), 2008-
2009
• Market Shares of Chinese Aluminum Wheel Manufacturers (by Shipment), 2008-
2009
• Market Shares of Steel Wheel Industry, 2008
• Revenue & Operating Profit Margin of Lizhong Wheel, 2003-2010
• Subsidiaries of Lizhong Group
• Products of Lizhong Wheel, 2006-2009
• Revenue of Lizhong Wheel by Region, 2006-2009
• Production Capacity & Capacity Utilization of Lizhong Wheel, 2004-2010
• Share Structure of Wanfeng Auto Wheel
• Revenue & Operating Profit of Surperior Industries International, 2004-2008
• Shipment of SII, Q1 2006-Q1 2010
• Revenue & Gross Profit Margin of SII, Q1 2008-Q1 2010
• Revenue & Operating Profit Margin of Hayes Lemmerz, FY2005-FY2010
• Revenue of Hayes Lemmerz by Country
• Operating Profit & Operating Profit Margin of UBE, FY2001-FY2009
• Revenue of UBE by Region, FY2004-FY2008
• Revenue of UBE by Product, FY2007-FY2009
• Operating Profit of UBE by Product, FY2007-FY2009
• Revenue & Operating Profit of UBE’s Aluminum Wheels, FY2006-FY2009
• Global Distribution of BORBET
• Shipment of BORBET, 1996-2008
• Revenue of BORBET, 2001-2008
• Client Structure of BORBET
• Revenue & Operating Profit of Youfa Group, 2004-2009
• Revenue of Youfa from Distribution and Manufacturing Businesses, 2004-2009
• Revenue Distribution of YHI by Region, 2005-2009
• Revenue & Operating Profit of TOPY, FY2004-FY2009
• Revenue of TOPY by Product, FY2008
• Revenue & Gross Profit Margin of FAWAY, 2005-2011
• Revenue & Gross Profit Margin of FAWAY, Q1 2009 –Q1 2010
• Stake Structure of Xingmin Wheel before IPO
• Revenue & Net Profit of Xingmin Wheel, 2006-2009
• Production Capacity of Xingmin Wheel by Downstream Application, 2006-2009
• Downstream Revenue Distribution of Xingmin Wheel, 2006-2009
• Production Capacity of Xingmin Wheel, 2007-2011
• Gross Profit Margin of Xingmin Wheel by Product, 2006-2009
• Revenue of Xingmin Wheel by AM/OEM, 2006-2009
• Gross Profit of Xingmin Wheel by Product, 2006-2009
• Product Prices of Xingmin Wheel, 2006-2009
• Cost Structure of Xingmin Wheel, 2009
• Top 16 Aluminum Wheel Manufacturers in the World by Shipment, 2008
• Top 16 Aluminum Wheel Manufacturers in the World by Revenue, 2008
• Clients of Chinese Aluminum Wheel Manufacturers
• Ranking of 45 Chinese Aluminum Wheel Manufacturers by Income, 2008
• Financial Data of CITIC Dicastal, 2004-2009
• Financial Data of Qinhuangdao Dicastal Xinglong, 2004-2009
• Financial Data of Sanmenxia Dicastal, 2004-2007
• Financial Data of Qinhuangdao Dicamry, 2004-2007
• Financial Data of Zhengxing Wheel Group, 2004-2007
• Financial Data of Zhengxing Wheel (Chengdu), 2004-2007
• Financial Data of Zhengxing Wheel (Benxi), 2004-2007
• Financial Data of Jinfei Machinery, 2004-2007
• Financial Data of Dongfeng Huatai (Tianmen), 2004-2007
• Financial Status of Dongfeng Huatai (Tianmen), 2007
• Financial Data of Huatai (Jiangmen), 2004-2007
• Financial Data of Kunshan Liufeng Machinery, 2004-2007
• Financial Data of Lioho Light Alloy (Kunshan), 2004-2007
• Financial Data of Changfeng Lioho, 2006-2007
• Financial Data of Nanhai Zhongnan Aluminum Wheel, 2004-2007
• Financial Data of Hengju Aluminum, 2002-2004, 2007
• Members of Wanfeng Auto
• Financial Data of Wanfeng Auto, 2004-2007
• Revenue, Cost & Operating Profit Margin of Wanfeng Auto Wheel by Product,
2007-2008
• Cost Structure of Wanfeng Auto Wheel, 2007-2008
• Cost Structure of Wanfeng Auto Wheel, 2008-2009
• Revenue & Operating Profit of Weihai Wanfeng Auto, 2006-2008
• Revenue & Net Profit of Ningbo Orwell, 2006-2008
• Financial Data of Shenyang Durui, 2004-2007
• Financial Data of Shenyang Sanhua Durui, 2004-2007
• Financial Data of Shanghai Jinheli, 2004-2007
• Shipment of Superior Industries International Attributable to 3 Large American
Automakers, 2006-2008
• Automobile Models Supported by Superior Industries International
• Global Presence of Hayes Lemmerz
• Financial Data of Enkei Aluminium Industry (China), 2004-2008
• Financial Data of Dongfeng Suizhou Wheel Factory, 2004-2007
• Financial Data of Jiangsu Yuantong, 2004-2007
• Financial Data of Guangzhou Zhongjing, 2006-200
• Revenue and Operating Profit in Automobile, Motorcycle and Construction
Machinery Parts Sectors, FY2004-FY2009
• Global Wheel Production Bases of TOPY
• Financial Data of Dicastal Asahi Aluminum, 2005-2009
• Revenue and Operating Profit Margin of Dicastal Asahi Aluminum, FY2004-
FY2009
• Revenue and Operating Profit of Dicastal Asahi Aluminum by Division, FY2008-
FY2009
• Revenue of Dicastal Asahi Aluminum by Region, FY2008-FY2009
How to Buy
Product details How to Order
USD File
Single user 2,900 PDF
Enterprisewide 3,900 PDF
Publication date: June 2010
By email:
report@researchinchina.com
By fax:
86-10-82601570
By online:
www.researchinchina.com
For more information, call our office in Beijing, China:
Tel: 86-10-82600828
Website: www.researchinchina.com

Mais conteúdo relacionado

Mais de ResearchInChina

China medium and heavy plate market report, 2011 2012
China medium and heavy plate market report, 2011 2012China medium and heavy plate market report, 2011 2012
China medium and heavy plate market report, 2011 2012ResearchInChina
 
China fluorite industry report, 2011
China fluorite industry report, 2011China fluorite industry report, 2011
China fluorite industry report, 2011ResearchInChina
 
China beer industry report, 2010 2012
China beer industry report, 2010 2012China beer industry report, 2010 2012
China beer industry report, 2010 2012ResearchInChina
 
Global and china coating industry report, 2010 2011
Global and china coating industry report, 2010 2011Global and china coating industry report, 2010 2011
Global and china coating industry report, 2010 2011ResearchInChina
 
Global and china automotive lighting industry report, 2010 2011
Global and china automotive lighting industry report, 2010 2011Global and china automotive lighting industry report, 2010 2011
Global and china automotive lighting industry report, 2010 2011ResearchInChina
 
China smart meter industry report, 2011 2012
China smart meter industry report, 2011 2012China smart meter industry report, 2011 2012
China smart meter industry report, 2011 2012ResearchInChina
 
China mobile communication antenna industry report, 2011
China mobile communication antenna industry report, 2011China mobile communication antenna industry report, 2011
China mobile communication antenna industry report, 2011ResearchInChina
 
China medical information system industry report, 2011
China medical information system industry report, 2011China medical information system industry report, 2011
China medical information system industry report, 2011ResearchInChina
 
China high voltage switch industry report, 2010-2011
China high voltage switch industry report, 2010-2011China high voltage switch industry report, 2010-2011
China high voltage switch industry report, 2010-2011ResearchInChina
 
China budget hotel industry report, 2011
China budget hotel industry report, 2011China budget hotel industry report, 2011
China budget hotel industry report, 2011ResearchInChina
 
China banking intermediary business report, 2011
China banking intermediary business report, 2011China banking intermediary business report, 2011
China banking intermediary business report, 2011ResearchInChina
 
Global and china low e glass industry report, 2010-2011
Global and china low e glass industry report, 2010-2011Global and china low e glass industry report, 2010-2011
Global and china low e glass industry report, 2010-2011ResearchInChina
 
China heparin industry report, 2010 2011
China heparin industry report, 2010 2011China heparin industry report, 2010 2011
China heparin industry report, 2010 2011ResearchInChina
 
China condiment industry report, 2010 2011
China condiment industry report, 2010 2011China condiment industry report, 2010 2011
China condiment industry report, 2010 2011ResearchInChina
 
Global and china machine tool industry report, 2010 2011
Global and china machine tool industry report, 2010 2011Global and china machine tool industry report, 2010 2011
Global and china machine tool industry report, 2010 2011ResearchInChina
 
Global and china tablet pc industry chain report, 2010 2011
Global and china tablet pc industry chain report, 2010 2011Global and china tablet pc industry chain report, 2010 2011
Global and china tablet pc industry chain report, 2010 2011ResearchInChina
 
Latin america telecommunication market report, 2010 2011
Latin america telecommunication market report, 2010 2011Latin america telecommunication market report, 2010 2011
Latin america telecommunication market report, 2010 2011ResearchInChina
 
Global and china memory industry report, 2011
Global and china memory industry report, 2011Global and china memory industry report, 2011
Global and china memory industry report, 2011ResearchInChina
 
Global and china lens industry report, 2010 2011
Global and china lens industry report, 2010 2011Global and china lens industry report, 2010 2011
Global and china lens industry report, 2010 2011ResearchInChina
 
Global and china galvanized sheet industry report, 2010 2011
Global and china galvanized sheet industry report, 2010 2011Global and china galvanized sheet industry report, 2010 2011
Global and china galvanized sheet industry report, 2010 2011ResearchInChina
 

Mais de ResearchInChina (20)

China medium and heavy plate market report, 2011 2012
China medium and heavy plate market report, 2011 2012China medium and heavy plate market report, 2011 2012
China medium and heavy plate market report, 2011 2012
 
China fluorite industry report, 2011
China fluorite industry report, 2011China fluorite industry report, 2011
China fluorite industry report, 2011
 
China beer industry report, 2010 2012
China beer industry report, 2010 2012China beer industry report, 2010 2012
China beer industry report, 2010 2012
 
Global and china coating industry report, 2010 2011
Global and china coating industry report, 2010 2011Global and china coating industry report, 2010 2011
Global and china coating industry report, 2010 2011
 
Global and china automotive lighting industry report, 2010 2011
Global and china automotive lighting industry report, 2010 2011Global and china automotive lighting industry report, 2010 2011
Global and china automotive lighting industry report, 2010 2011
 
China smart meter industry report, 2011 2012
China smart meter industry report, 2011 2012China smart meter industry report, 2011 2012
China smart meter industry report, 2011 2012
 
China mobile communication antenna industry report, 2011
China mobile communication antenna industry report, 2011China mobile communication antenna industry report, 2011
China mobile communication antenna industry report, 2011
 
China medical information system industry report, 2011
China medical information system industry report, 2011China medical information system industry report, 2011
China medical information system industry report, 2011
 
China high voltage switch industry report, 2010-2011
China high voltage switch industry report, 2010-2011China high voltage switch industry report, 2010-2011
China high voltage switch industry report, 2010-2011
 
China budget hotel industry report, 2011
China budget hotel industry report, 2011China budget hotel industry report, 2011
China budget hotel industry report, 2011
 
China banking intermediary business report, 2011
China banking intermediary business report, 2011China banking intermediary business report, 2011
China banking intermediary business report, 2011
 
Global and china low e glass industry report, 2010-2011
Global and china low e glass industry report, 2010-2011Global and china low e glass industry report, 2010-2011
Global and china low e glass industry report, 2010-2011
 
China heparin industry report, 2010 2011
China heparin industry report, 2010 2011China heparin industry report, 2010 2011
China heparin industry report, 2010 2011
 
China condiment industry report, 2010 2011
China condiment industry report, 2010 2011China condiment industry report, 2010 2011
China condiment industry report, 2010 2011
 
Global and china machine tool industry report, 2010 2011
Global and china machine tool industry report, 2010 2011Global and china machine tool industry report, 2010 2011
Global and china machine tool industry report, 2010 2011
 
Global and china tablet pc industry chain report, 2010 2011
Global and china tablet pc industry chain report, 2010 2011Global and china tablet pc industry chain report, 2010 2011
Global and china tablet pc industry chain report, 2010 2011
 
Latin america telecommunication market report, 2010 2011
Latin america telecommunication market report, 2010 2011Latin america telecommunication market report, 2010 2011
Latin america telecommunication market report, 2010 2011
 
Global and china memory industry report, 2011
Global and china memory industry report, 2011Global and china memory industry report, 2011
Global and china memory industry report, 2011
 
Global and china lens industry report, 2010 2011
Global and china lens industry report, 2010 2011Global and china lens industry report, 2010 2011
Global and china lens industry report, 2010 2011
 
Global and china galvanized sheet industry report, 2010 2011
Global and china galvanized sheet industry report, 2010 2011Global and china galvanized sheet industry report, 2010 2011
Global and china galvanized sheet industry report, 2010 2011
 

Último

Mastering Mercedes Engine Care Top Tips for Rowlett, TX Residents
Mastering Mercedes Engine Care Top Tips for Rowlett, TX ResidentsMastering Mercedes Engine Care Top Tips for Rowlett, TX Residents
Mastering Mercedes Engine Care Top Tips for Rowlett, TX ResidentsRowlett Motorwerks
 
原版1:1复刻俄亥俄州立大学毕业证OSU毕业证留信学历认证
原版1:1复刻俄亥俄州立大学毕业证OSU毕业证留信学历认证原版1:1复刻俄亥俄州立大学毕业证OSU毕业证留信学历认证
原版1:1复刻俄亥俄州立大学毕业证OSU毕业证留信学历认证jdkhjh
 
(USQ毕业证)南昆士兰大学毕业证学位证成绩单修改留信学历认证原版一比一
(USQ毕业证)南昆士兰大学毕业证学位证成绩单修改留信学历认证原版一比一(USQ毕业证)南昆士兰大学毕业证学位证成绩单修改留信学历认证原版一比一
(USQ毕业证)南昆士兰大学毕业证学位证成绩单修改留信学历认证原版一比一gfghbihg
 
办理昆士兰科技大学毕业证QUT毕业证留信学历认证
办理昆士兰科技大学毕业证QUT毕业证留信学历认证办理昆士兰科技大学毕业证QUT毕业证留信学历认证
办理昆士兰科技大学毕业证QUT毕业证留信学历认证jdkhjh
 
办理原版学位证(UofT毕业证)多伦多大学毕业证成绩单修改留信学历认证永久查询
办理原版学位证(UofT毕业证)多伦多大学毕业证成绩单修改留信学历认证永久查询办理原版学位证(UofT毕业证)多伦多大学毕业证成绩单修改留信学历认证永久查询
办理原版学位证(UofT毕业证)多伦多大学毕业证成绩单修改留信学历认证永久查询gejoij
 
248649330-Animatronics-Technical-Seminar-Report-by-Aswin-Sarang.pdf
248649330-Animatronics-Technical-Seminar-Report-by-Aswin-Sarang.pdf248649330-Animatronics-Technical-Seminar-Report-by-Aswin-Sarang.pdf
248649330-Animatronics-Technical-Seminar-Report-by-Aswin-Sarang.pdfkushkruthik555
 
EPA Funding Opportunities for Equitable Electric Transportation by Mike Moltzen
EPA Funding Opportunities for Equitable Electric Transportationby Mike MoltzenEPA Funding Opportunities for Equitable Electric Transportationby Mike Moltzen
EPA Funding Opportunities for Equitable Electric Transportation by Mike MoltzenForth
 
(办理学位证)墨尔本大学毕业证(Unimelb毕业证书)成绩单留信学历认证原版一模一样
(办理学位证)墨尔本大学毕业证(Unimelb毕业证书)成绩单留信学历认证原版一模一样(办理学位证)墨尔本大学毕业证(Unimelb毕业证书)成绩单留信学历认证原版一模一样
(办理学位证)墨尔本大学毕业证(Unimelb毕业证书)成绩单留信学历认证原版一模一样whjjkkk
 
Call Girls Vastrapur 7397865700 Ridhima Hire Me Full Night
Call Girls Vastrapur 7397865700 Ridhima Hire Me Full NightCall Girls Vastrapur 7397865700 Ridhima Hire Me Full Night
Call Girls Vastrapur 7397865700 Ridhima Hire Me Full Nightssuser7cb4ff
 
Program Design by Prateek Suri and Christian Williss
Program Design by Prateek Suri and Christian WillissProgram Design by Prateek Suri and Christian Williss
Program Design by Prateek Suri and Christian WillissForth
 
call girls in Jama Masjid (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️
call girls in Jama Masjid (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️call girls in Jama Masjid (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️
call girls in Jama Masjid (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️9953056974 Low Rate Call Girls In Saket, Delhi NCR
 
What Causes The key not detected Message In Mercedes Cars
What Causes The key not detected Message In Mercedes CarsWhat Causes The key not detected Message In Mercedes Cars
What Causes The key not detected Message In Mercedes CarsGermany's Best Inc
 
原版1:1定制(IC大学毕业证)帝国理工学院大学毕业证国外文凭复刻成绩单#电子版制作#留信入库#多年经营绝对保证质量
原版1:1定制(IC大学毕业证)帝国理工学院大学毕业证国外文凭复刻成绩单#电子版制作#留信入库#多年经营绝对保证质量原版1:1定制(IC大学毕业证)帝国理工学院大学毕业证国外文凭复刻成绩单#电子版制作#留信入库#多年经营绝对保证质量
原版1:1定制(IC大学毕业证)帝国理工学院大学毕业证国外文凭复刻成绩单#电子版制作#留信入库#多年经营绝对保证质量208367051
 
办理阳光海岸大学毕业证成绩单原版一比一
办理阳光海岸大学毕业证成绩单原版一比一办理阳光海岸大学毕业证成绩单原版一比一
办理阳光海岸大学毕业证成绩单原版一比一F La
 
英国Bradford学位证,布拉德福德大学毕业证书1:1制作
英国Bradford学位证,布拉德福德大学毕业证书1:1制作英国Bradford学位证,布拉德福德大学毕业证书1:1制作
英国Bradford学位证,布拉德福德大学毕业证书1:1制作yjvk25x9
 
办理(PITT毕业证书)美国匹兹堡大学毕业证成绩单原版一比一
办理(PITT毕业证书)美国匹兹堡大学毕业证成绩单原版一比一办理(PITT毕业证书)美国匹兹堡大学毕业证成绩单原版一比一
办理(PITT毕业证书)美国匹兹堡大学毕业证成绩单原版一比一F La
 
Building a Budget by Cat Plein and Josh Rodriguez
Building a Budget by Cat Plein and Josh RodriguezBuilding a Budget by Cat Plein and Josh Rodriguez
Building a Budget by Cat Plein and Josh RodriguezForth
 
原版1:1定制阳光海岸大学毕业证(JCU毕业证)#文凭成绩单#真实留信学历认证永久存档
原版1:1定制阳光海岸大学毕业证(JCU毕业证)#文凭成绩单#真实留信学历认证永久存档原版1:1定制阳光海岸大学毕业证(JCU毕业证)#文凭成绩单#真实留信学历认证永久存档
原版1:1定制阳光海岸大学毕业证(JCU毕业证)#文凭成绩单#真实留信学历认证永久存档208367051
 
907MTAMount Coventry University Bachelor's Diploma in Engineering
907MTAMount Coventry University Bachelor's Diploma in Engineering907MTAMount Coventry University Bachelor's Diploma in Engineering
907MTAMount Coventry University Bachelor's Diploma in EngineeringFi sss
 

Último (20)

Mastering Mercedes Engine Care Top Tips for Rowlett, TX Residents
Mastering Mercedes Engine Care Top Tips for Rowlett, TX ResidentsMastering Mercedes Engine Care Top Tips for Rowlett, TX Residents
Mastering Mercedes Engine Care Top Tips for Rowlett, TX Residents
 
原版1:1复刻俄亥俄州立大学毕业证OSU毕业证留信学历认证
原版1:1复刻俄亥俄州立大学毕业证OSU毕业证留信学历认证原版1:1复刻俄亥俄州立大学毕业证OSU毕业证留信学历认证
原版1:1复刻俄亥俄州立大学毕业证OSU毕业证留信学历认证
 
(USQ毕业证)南昆士兰大学毕业证学位证成绩单修改留信学历认证原版一比一
(USQ毕业证)南昆士兰大学毕业证学位证成绩单修改留信学历认证原版一比一(USQ毕业证)南昆士兰大学毕业证学位证成绩单修改留信学历认证原版一比一
(USQ毕业证)南昆士兰大学毕业证学位证成绩单修改留信学历认证原版一比一
 
办理昆士兰科技大学毕业证QUT毕业证留信学历认证
办理昆士兰科技大学毕业证QUT毕业证留信学历认证办理昆士兰科技大学毕业证QUT毕业证留信学历认证
办理昆士兰科技大学毕业证QUT毕业证留信学历认证
 
办理原版学位证(UofT毕业证)多伦多大学毕业证成绩单修改留信学历认证永久查询
办理原版学位证(UofT毕业证)多伦多大学毕业证成绩单修改留信学历认证永久查询办理原版学位证(UofT毕业证)多伦多大学毕业证成绩单修改留信学历认证永久查询
办理原版学位证(UofT毕业证)多伦多大学毕业证成绩单修改留信学历认证永久查询
 
248649330-Animatronics-Technical-Seminar-Report-by-Aswin-Sarang.pdf
248649330-Animatronics-Technical-Seminar-Report-by-Aswin-Sarang.pdf248649330-Animatronics-Technical-Seminar-Report-by-Aswin-Sarang.pdf
248649330-Animatronics-Technical-Seminar-Report-by-Aswin-Sarang.pdf
 
EPA Funding Opportunities for Equitable Electric Transportation by Mike Moltzen
EPA Funding Opportunities for Equitable Electric Transportationby Mike MoltzenEPA Funding Opportunities for Equitable Electric Transportationby Mike Moltzen
EPA Funding Opportunities for Equitable Electric Transportation by Mike Moltzen
 
(办理学位证)墨尔本大学毕业证(Unimelb毕业证书)成绩单留信学历认证原版一模一样
(办理学位证)墨尔本大学毕业证(Unimelb毕业证书)成绩单留信学历认证原版一模一样(办理学位证)墨尔本大学毕业证(Unimelb毕业证书)成绩单留信学历认证原版一模一样
(办理学位证)墨尔本大学毕业证(Unimelb毕业证书)成绩单留信学历认证原版一模一样
 
Call Girls Vastrapur 7397865700 Ridhima Hire Me Full Night
Call Girls Vastrapur 7397865700 Ridhima Hire Me Full NightCall Girls Vastrapur 7397865700 Ridhima Hire Me Full Night
Call Girls Vastrapur 7397865700 Ridhima Hire Me Full Night
 
Program Design by Prateek Suri and Christian Williss
Program Design by Prateek Suri and Christian WillissProgram Design by Prateek Suri and Christian Williss
Program Design by Prateek Suri and Christian Williss
 
call girls in Jama Masjid (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️
call girls in Jama Masjid (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️call girls in Jama Masjid (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️
call girls in Jama Masjid (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️
 
Hot Sexy call girls in Pira Garhi🔝 9953056974 🔝 escort Service
Hot Sexy call girls in Pira Garhi🔝 9953056974 🔝 escort ServiceHot Sexy call girls in Pira Garhi🔝 9953056974 🔝 escort Service
Hot Sexy call girls in Pira Garhi🔝 9953056974 🔝 escort Service
 
What Causes The key not detected Message In Mercedes Cars
What Causes The key not detected Message In Mercedes CarsWhat Causes The key not detected Message In Mercedes Cars
What Causes The key not detected Message In Mercedes Cars
 
原版1:1定制(IC大学毕业证)帝国理工学院大学毕业证国外文凭复刻成绩单#电子版制作#留信入库#多年经营绝对保证质量
原版1:1定制(IC大学毕业证)帝国理工学院大学毕业证国外文凭复刻成绩单#电子版制作#留信入库#多年经营绝对保证质量原版1:1定制(IC大学毕业证)帝国理工学院大学毕业证国外文凭复刻成绩单#电子版制作#留信入库#多年经营绝对保证质量
原版1:1定制(IC大学毕业证)帝国理工学院大学毕业证国外文凭复刻成绩单#电子版制作#留信入库#多年经营绝对保证质量
 
办理阳光海岸大学毕业证成绩单原版一比一
办理阳光海岸大学毕业证成绩单原版一比一办理阳光海岸大学毕业证成绩单原版一比一
办理阳光海岸大学毕业证成绩单原版一比一
 
英国Bradford学位证,布拉德福德大学毕业证书1:1制作
英国Bradford学位证,布拉德福德大学毕业证书1:1制作英国Bradford学位证,布拉德福德大学毕业证书1:1制作
英国Bradford学位证,布拉德福德大学毕业证书1:1制作
 
办理(PITT毕业证书)美国匹兹堡大学毕业证成绩单原版一比一
办理(PITT毕业证书)美国匹兹堡大学毕业证成绩单原版一比一办理(PITT毕业证书)美国匹兹堡大学毕业证成绩单原版一比一
办理(PITT毕业证书)美国匹兹堡大学毕业证成绩单原版一比一
 
Building a Budget by Cat Plein and Josh Rodriguez
Building a Budget by Cat Plein and Josh RodriguezBuilding a Budget by Cat Plein and Josh Rodriguez
Building a Budget by Cat Plein and Josh Rodriguez
 
原版1:1定制阳光海岸大学毕业证(JCU毕业证)#文凭成绩单#真实留信学历认证永久存档
原版1:1定制阳光海岸大学毕业证(JCU毕业证)#文凭成绩单#真实留信学历认证永久存档原版1:1定制阳光海岸大学毕业证(JCU毕业证)#文凭成绩单#真实留信学历认证永久存档
原版1:1定制阳光海岸大学毕业证(JCU毕业证)#文凭成绩单#真实留信学历认证永久存档
 
907MTAMount Coventry University Bachelor's Diploma in Engineering
907MTAMount Coventry University Bachelor's Diploma in Engineering907MTAMount Coventry University Bachelor's Diploma in Engineering
907MTAMount Coventry University Bachelor's Diploma in Engineering
 

Global and china automotive aluminum wheel industry report, 2009 2010

  • 1. 2009 is a harsh year for most of automotive aluminum manufacturers, especially those targeting at North American market. At first, Hayes Lemmerz, the largest automotive wheel manufacturer in North America declared bankruptcy on May 11, 2009. Hayes Lemmerz had been suffering losses from FY2005 to FY2009, and the economic crisis became the last straw that forced it to file for bankruptcy protection on May 11, 2009. The total assets of Hayes Lemmerz valued US$1.34 billion, the liabilities amounted to US$1.41 billion, the sales value declined by almost 50% in 2009. Superior, the largest automotive aluminum wheel manufacturer in North America, also had a very difficult time, and its sales value fell by 45% in 2009. Global and China Automotive Aluminum Wheel Industry Report, 2009-2010
  • 2. Also in May 2009, Metaldyne, an aluminum wheel manufacturer headquartered in Michigan, declared bankruptcy. It was acquired by Asahi Tec, a Japanese manufacturer, with US$215 million in 2006. Metaldyne's bankruptcy protection made Asahi Tec lost JPY31.97 billion as investment write-down, but did not affect the cash flow. As a result, the sales of Asahi Tec slumped by 74% in FY2009. Some Chinese manufacturers also fell victim to the crisis, and Huatai Aluminum Wheel is among the most heavily hit. Totally engaged in the export to the United States, its Tai’an branch suffered sharp revenue decline in 2009. Moreover, it had accumulated huge debts during the high-speed expansion in the early stage. Eventually, it had to declare bankruptcy liquidation in March 2010. Most Chinese manufacturers of aluminum wheels provide products to the clients in China, Japan and EU, while small factories mainly export products to America. China's automobile market developed rapidly in 2009, driving Chinese aluminum wheel manufacturers, especially large ones, to grow despite the market downturn. CITIC Dicastal increased its shipment by 22% to 14.38 million, securing its first place status by widening the gap with the runner-up. Singapore-listed Lizhong Wheel increased its revenue by 9% against the market trends. Lioho Machine Works, Taiwan's largest aluminum wheel manufacturer, achieved growth in income, shipment and gross profit margin. In the EU, all aluminum wheel manufacturers are private enterprises, and they rarely publish their operation status to the public. RONAL and UNIWHEEL focus on the after-sales markets in Asia-Pacific, North America and the European Union, so they suffered bigger losses. BORBET aims at OEM market, with solid customer base, such as BMW, Volkswagen, Mercedes-Benz, Volvo and Ford that have excellent performance, so it suffered less. Japanese manufacturers have shifted most of their production bases to Mainland China and Southeast Asia, so the cost disadvantages are not prominent.
  • 3. In 2009, the sales volume of Japanese manufacturers was considerable, particularly in China, so Japanese aluminum wheels manufacturers did better than North American and EU manufacturers. In 2010, aluminum wheel manufacturers got explosive growth. The shipment of Superior reached 2.36 million in Q1 2010, up 69% compared with Q1 2009; its revenue grew even faster by 84%; it is expected that the growth rate in 2010 will be much higher than that in 2009. In December 2009, Hayes Lemmerz announced that it did not need bankruptcy protection any more. China's Lizhong Wheel had even more outstanding performance in Q1 2010; its revenue in Q1 2010 was 114% more than that in Q1 2009; its profit in Q1 2010 surpassed all of its profit in 2009. China has strong advantages in the production of aluminum wheels. First, the labor costs are lower than that of private enterprises in European Union. Second, China is the world's largest alumina supplier, and has obvious advantages in alumina prices. Some wheel manufacturers set up factories in the vicinity of alumina manufacturers, such as Sanmenxia Dicastal; or alumina suppliers set up their own aluminum wheel factories, such as Chiping Xinfa. Third, China is the world's largest automobile market and vehicle production base, and most aluminum wheel manufacturers are near automobile production bases or ports to save logistics costs. The EU’s anti-dumping for aluminum wheels will not have much impact on China, because the EU market only accounts for 10% of the total aluminum wheel export of China, and the key market for Chinese manufacturers is North America. If the United States imposes anti-dumping measures, Chinese small and medium manufacturers of aluminum wheels will be struck heavily. In the long term, the United States will implement anti-dumping for aluminum wheels sooner or later, so relevant manufacturers should actively explore other markets to respond to potential risks.
  • 4. Shipment of Global Aluminum Wheel Manufacturers, 2008-2009 (Unit: 1,000)
  • 5. Table of Contents • 1. Global Automobile Industry and Market • 2. China Automobile Industry and Market • 2.1 Status Quo • 2.2 Brands • 2.3 Sales Volume • 2.4 Export • 2.5 Financial Status of Major Automotive Groups in China • 3. Overview of Aluminum Automotive Wheel Technology • 3.1 Manufacturing Methods • 3.1.1 Welding • 3.1.2 Casting • 3.1.3 Forging • 3.2 Magnesium-alloy Wheel • 3.3 Advantages of Aluminum-alloy Wheel • 3.4 Quality System and Certification for Aluminum- alloy Wheel • 4. Aluminum Automotive Wheel Industry & Market • 4.1 Global Aluminum Automotive Wheel Market • 4.2 Global Aluminum Automotive Wheel Industry • 4.3 Relationship between Global Aluminum Automotive Wheel Manufacturers and Automobile Manufacturers • 4.4 China Aluminum Automotive Wheel Industry & Market • 4.5 China Steel Wheel Industry • 4.6 Anti-dumping for aluminum wheel • 5. Major Aluminum Automotive Wheel Manufacturers • 5.1 CITIC Dicastal • 5.1.1 Qinhuangdao Dicastal Xinglong
  • 6. • 5.2 Lizhong Wheel • 5.2.1 Tianjin Lizhong / Dicastal • 5.2.2 Qinhuangdao Dicamry Wheel • 5.3 Zhengxing Wheel • 5.4 Jinfei • 5.5 Huatai • 5.5.1 Dongfeng Huatai (Tianmen) • 5.5.2 Huatai (Jiangmen) • 5.6 Lioho Machinery • 5.6.1 Kunshan Liufeng Machinery • 5.6.2 Lioho Light Alloy (Kunshan) • 5.7 Nanhai Zhongnan Aluminum Wheel • 5.7.1 FAW Zhongnan Baishan Aluminum Wheel (Hengju Aluminum) • 5.8 Tianyang Aluminum Alloy • 5.9 Wanfeng Auto Wheel • 5.10 Durui Wheel • 5.11 Shanghai Jinheli • 5.12 Nanjing Huashun Aluminium Wheels • 5.13 Surperior • 5.14 Hayes Lemmerz • 5.27 CMW • 5.28 TOPY • 5.29 ALCOA • 5.30 Jingyuan Heavy Duty Machinery • 5.31 Yongle Aluminum Wheel • 5.32 Wuxi Zhenfa • 5.33 Xiamen Minxing & Shanghai Guoxing • 5.34 Wonder Kosei • 5.35 FAWAY • 5.36 Xingmin Wheel • 5.37 Dongling Group • 5.38 ASAHI TEC • 5.39 DONGHWA
  • 7. Selected Charts • Output of Global Light Vehicles and Penetration Rate of Aluminum Wheels, 2006- 2012 • Shipment of Global Aluminum Alloy Wheels, 2006-2012E • Global Aluminum Wheel Market Scale, 2006-2012 • Geographical Distribution of Automotive Aluminum Wheel After-sale Market, 2008- 2010 • Shipment of Global Aluminum Wheel Manufacturers by Region, 2008-2009 • Market Shares of Global Aluminum Wheel Manufacturers (by Shipment), 2008 • Market Shares of Global Aluminum Wheel Manufacturers (by Revenue), 2008 • Automotive Aluminum Wheel Suppliers of Toyota, 2008-2009 • Automotive Aluminum Wheel Suppliers of Honda, 2008-2009 • Automotive Aluminum Wheel Suppliers of Nissan, 2008-2009 • Automotive Aluminum Wheel Suppliers of General Motors, 2008-2009 • Automotive Aluminum Wheel Suppliers of Ford, 2008-2009 • Automotive Aluminum Wheel Suppliers of Volkswagen, 2008-2009 • Automotive Aluminum Wheel Suppliers of BMW, 2008-2009 • Automotive Aluminum Wheel Suppliers of Mercedes-Benz, 2008-2009 • Automotive Aluminum Wheel Suppliers of Hyundai, 2009 • Market Shares of Chinese Aluminum Wheel Manufacturers (by Revenue), 2008- 2009 • Market Shares of Chinese Aluminum Wheel Manufacturers (by Shipment), 2008- 2009 • Market Shares of Steel Wheel Industry, 2008 • Revenue & Operating Profit Margin of Lizhong Wheel, 2003-2010
  • 8. • Subsidiaries of Lizhong Group • Products of Lizhong Wheel, 2006-2009 • Revenue of Lizhong Wheel by Region, 2006-2009 • Production Capacity & Capacity Utilization of Lizhong Wheel, 2004-2010 • Share Structure of Wanfeng Auto Wheel • Revenue & Operating Profit of Surperior Industries International, 2004-2008 • Shipment of SII, Q1 2006-Q1 2010 • Revenue & Gross Profit Margin of SII, Q1 2008-Q1 2010 • Revenue & Operating Profit Margin of Hayes Lemmerz, FY2005-FY2010 • Revenue of Hayes Lemmerz by Country • Operating Profit & Operating Profit Margin of UBE, FY2001-FY2009 • Revenue of UBE by Region, FY2004-FY2008 • Revenue of UBE by Product, FY2007-FY2009 • Operating Profit of UBE by Product, FY2007-FY2009 • Revenue & Operating Profit of UBE’s Aluminum Wheels, FY2006-FY2009 • Global Distribution of BORBET • Shipment of BORBET, 1996-2008 • Revenue of BORBET, 2001-2008 • Client Structure of BORBET • Revenue & Operating Profit of Youfa Group, 2004-2009 • Revenue of Youfa from Distribution and Manufacturing Businesses, 2004-2009 • Revenue Distribution of YHI by Region, 2005-2009 • Revenue & Operating Profit of TOPY, FY2004-FY2009 • Revenue of TOPY by Product, FY2008 • Revenue & Gross Profit Margin of FAWAY, 2005-2011 • Revenue & Gross Profit Margin of FAWAY, Q1 2009 –Q1 2010
  • 9. • Stake Structure of Xingmin Wheel before IPO • Revenue & Net Profit of Xingmin Wheel, 2006-2009 • Production Capacity of Xingmin Wheel by Downstream Application, 2006-2009 • Downstream Revenue Distribution of Xingmin Wheel, 2006-2009 • Production Capacity of Xingmin Wheel, 2007-2011 • Gross Profit Margin of Xingmin Wheel by Product, 2006-2009 • Revenue of Xingmin Wheel by AM/OEM, 2006-2009 • Gross Profit of Xingmin Wheel by Product, 2006-2009 • Product Prices of Xingmin Wheel, 2006-2009 • Cost Structure of Xingmin Wheel, 2009 • Top 16 Aluminum Wheel Manufacturers in the World by Shipment, 2008 • Top 16 Aluminum Wheel Manufacturers in the World by Revenue, 2008 • Clients of Chinese Aluminum Wheel Manufacturers • Ranking of 45 Chinese Aluminum Wheel Manufacturers by Income, 2008 • Financial Data of CITIC Dicastal, 2004-2009 • Financial Data of Qinhuangdao Dicastal Xinglong, 2004-2009 • Financial Data of Sanmenxia Dicastal, 2004-2007 • Financial Data of Qinhuangdao Dicamry, 2004-2007 • Financial Data of Zhengxing Wheel Group, 2004-2007 • Financial Data of Zhengxing Wheel (Chengdu), 2004-2007 • Financial Data of Zhengxing Wheel (Benxi), 2004-2007 • Financial Data of Jinfei Machinery, 2004-2007 • Financial Data of Dongfeng Huatai (Tianmen), 2004-2007 • Financial Status of Dongfeng Huatai (Tianmen), 2007 • Financial Data of Huatai (Jiangmen), 2004-2007 • Financial Data of Kunshan Liufeng Machinery, 2004-2007
  • 10. • Financial Data of Lioho Light Alloy (Kunshan), 2004-2007 • Financial Data of Changfeng Lioho, 2006-2007 • Financial Data of Nanhai Zhongnan Aluminum Wheel, 2004-2007 • Financial Data of Hengju Aluminum, 2002-2004, 2007 • Members of Wanfeng Auto • Financial Data of Wanfeng Auto, 2004-2007 • Revenue, Cost & Operating Profit Margin of Wanfeng Auto Wheel by Product, 2007-2008 • Cost Structure of Wanfeng Auto Wheel, 2007-2008 • Cost Structure of Wanfeng Auto Wheel, 2008-2009 • Revenue & Operating Profit of Weihai Wanfeng Auto, 2006-2008 • Revenue & Net Profit of Ningbo Orwell, 2006-2008 • Financial Data of Shenyang Durui, 2004-2007 • Financial Data of Shenyang Sanhua Durui, 2004-2007 • Financial Data of Shanghai Jinheli, 2004-2007 • Shipment of Superior Industries International Attributable to 3 Large American Automakers, 2006-2008 • Automobile Models Supported by Superior Industries International • Global Presence of Hayes Lemmerz • Financial Data of Enkei Aluminium Industry (China), 2004-2008 • Financial Data of Dongfeng Suizhou Wheel Factory, 2004-2007 • Financial Data of Jiangsu Yuantong, 2004-2007 • Financial Data of Guangzhou Zhongjing, 2006-200 • Revenue and Operating Profit in Automobile, Motorcycle and Construction Machinery Parts Sectors, FY2004-FY2009 • Global Wheel Production Bases of TOPY • Financial Data of Dicastal Asahi Aluminum, 2005-2009
  • 11. • Revenue and Operating Profit Margin of Dicastal Asahi Aluminum, FY2004- FY2009 • Revenue and Operating Profit of Dicastal Asahi Aluminum by Division, FY2008- FY2009 • Revenue of Dicastal Asahi Aluminum by Region, FY2008-FY2009
  • 12. How to Buy Product details How to Order USD File Single user 2,900 PDF Enterprisewide 3,900 PDF Publication date: June 2010 By email: report@researchinchina.com By fax: 86-10-82601570 By online: www.researchinchina.com For more information, call our office in Beijing, China: Tel: 86-10-82600828 Website: www.researchinchina.com