On December 12, 2012, the US Federal-Mogul Group Co., Ltd. organized a groundbreaking ceremony for the construction of a new factory for its Shanghai Futem Mogu Bearing Co., Ltd. and Composite Materials Co., Ltd. in the Zhipu Industrial Park of Zhoupu Town, Pudong New Area, Shanghai. The leaders from the Federal-Mogul Group, the Shanghai Group, Huayu Automotive, and the Zhoupu Township government took part in the groundbreaking ceremony. The newly-selected bearing and material factory covers an area of ​​nearly 42,000 square meters and will produce the world's leading engine bearing bushes, flanged bushes, bushings, thrust plates and other products.
Shanghai Fei Ter Mo Gu Bearing Co., Ltd. and Fei Te Mo Gu Composite Material Co., Ltd. were jointly funded by the Federal-Mogul Group and Shanghai Hua Yu Automotive Industry Co., Ltd., a subsidiary of Shanghai Automotive Industry Corporation, and were established in February 2000 and 2007 respectively. It mainly produces bearing bushes, bushings and thrust washers for engines used in gasoline engines, diesel engines and industrial equipment.
The newly-listed plant was jointly funded by the Federal-Mogul Group and Hua Yu Automobile with a total investment of RMB 380 million. The existing joint-bearing bearing factory and material factory were jointly relocated to the Zhipu Industrial Park in Zhoupu Town. The new plant is scheduled to be completed in November 2013 and the relocation of the bearing and material factories will be completed by December 2014.
After the relocation of the two factories, Federal-Mogul will greatly increase the production capacity of its series of engine bushings. Its engine bearing production line in China will be increased from the current six production lines to ten, while new IROX(R) models for new energy vehicles will be introduced from abroad. Coating of environmental bearing product line.
“Based on R&D investment and technological innovation, Federal-Mogular Shanghai Bearings has achieved an average annual sales growth of 30% in the past three years. It has become one of the high-tech companies that have been certified in Shanghai in 2011. In 2012, it was awarded the title of Shanghai Science and Technology. "Little Giant' has become the leader in the Chinese bearing market." Mr. Weng Weibo, Vice President of Federal-Mogul (China) Co., Ltd. said, "In the past three years, the Federal-Mogul Shanghai Bearing Company has developed over 20 new coating technologies with its customers. An innovative application project for bearing bushes; more than 30 special-shaped bushings have been developed to help customers cope with increasingly stringent fuel economy and low-emission regulations. We hope to expand the construction of the Mogau Shanghai shingle factory for more vehicles and shipbuilding industries. Customers provide world-class environmentally friendly bearing products."
The Federal-Mogul Group is a world-leading powertrain supplier that provides bearing products that use IROX(R) polymer coatings to meet the needs of hybrid engines and improve engine wear and fatigue performance. In the future, Federal-Mogul will also introduce the Group's leading bearing technology for sputter coating, lead-free electroplating and lead-free sintered materials in China to provide leading engine solutions for local engine plant new generation engine platforms to help customers achieve better engines. Performance, reliability and emission standards.
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