Signing ceremony of HAY project

On January 29, 2013, the signing ceremony of HAY project was held by the Wuqing Development Zone, Tianjin, China and Hay Holding GmbH. Liu Donghai, the general manager of the Development Area General Corporation and secretary of the working committee of Wuqing Development Zone, Onken, the manager of Hay Holding GmbH, signed the contract.

HAY project is invested and set up by the Hay Holding GmbH, the coverage of 50 mu, with the investment of 40 million Euro in total. And it is mainly engaged in research and development, manufacture, sale of the double clutch, transmission, automatic mechanical transmission and other auto parts. It is estimated that the annual value of production can reach about 1 billion RMB after the whole project is put into production.

As the investor of the project, Hay Holding GmbH is one of the famous automobile mating enterprises in Germany, and mainly provides the related parts for Volkswagen, Mercedes-Benz, BMW, Audi and other world-famous automobile manufacturers.