Changchun Faway Yanfeng Adient Automotive Metal Components Co., Ltd. Foshan Branch

Company Overview

Changchun Faway Johnson Controls Automotive Metal Components Co., Ltd. was established on December 11, 2007.
Shareholders:
Changchun Faway Automobile Components Co., Ltd. (50%)
Johnson Controls Asia Holding Co., Ltd.
Registered capital: USD 4.6 million
Date of establishment: The joint venture was established on December 11, 2007.
Main products: Automotive seat frames and components
Production scale: In 2012, reached 530,000 sets of seat frame assemblies
Sales revenue: Approximately RMB 148 million in 2009
Number of employees: 258


Shareholder Profile
Johnson Controls Asia Holding Co., Ltd. is a wholly-owned subsidiary registered in Hong Kong in February 2007 by Johnson Controls Inc., USA. Johnson Controls Inc. decided to transfer all shares of its automotive component joint ventures in China (including Faway Johnson Controls) to Johnson Controls Asia Holding Co., Ltd.
Products: Automotive seats, interiors, and electronic products

OEM market: Johnson Controls Inc.'s global OEM markets include BMW, Chrysler, Ford, Honda, General Motors, Mazda, Mercedes-Benz, Renault, Toyota, and Volkswagen, etc.

Business condition: In 2006, Johnson Controls Inc. achieved global sales of USD 32.4 billion (including USD 19.2 billion from its Automotive Systems Group), ranking 201st in the 2007 Fortune Global 500. It employed 136,000 people worldwide.

Changchun Faway Automobile Components Co., Ltd. was established in June 1993 and listed on the Shanghai Stock Exchange in August 1996. It is a subsidiary controlled by FAW Group and one of the core component systems of FAW Group.

The company's current products include automotive seats and interior parts, metal and plastic bumpers, exterior mirrors, steel wheels, filters, ignition coils, small and medium stamping parts, etc., mainly supplying OEMs such as FAW-Volkswagen, FAW Car, FAW Toyota, and FAW Jiefang.

The company owns six wholly-owned subsidiaries: Wheel Branch, Autoparts Modification Branch, Transportation and Trade Branch, and Bada Electrical Appliances, as well as five equity-participating companies: Faway Johnson Controls, Faway Mann+Hummel, Faway Mecklenburg, Faway Dongyang, and Tianjin Yingtai.

In 2006, the company achieved consolidated sales revenue of RMB 3.257 billion, total assets of RMB 2.12 billion, and 6,433 employees.

Johnson Controls Asia Holding Co., Ltd. is a wholly-owned subsidiary registered in Hong Kong in February 2007 by Johnson Controls Inc., USA. Johnson Controls Inc. decided to transfer all shares of its automotive component joint ventures in China (including Faway Johnson Controls) to Johnson Controls Asia Holding Co., Ltd. Assets: Johnson Controls Asia Holding currently has a registered capital of only HKD 100,000, but Citibank has provided credit verification, and if the company needs funds, it can immediately provide substantial loans. Johnson Controls Inc. issued a letter of commitment (for the responsibilities and obligations of the joint venture entity). Main products include automotive seats, interiors, and electronic products. Johnson Controls Inc.'s global OEM markets include BMW, Chrysler, Ford, Honda, General Motors, Mazda, Mercedes-Benz, Renault, Toyota, and Volkswagen, etc. In 2006, Johnson Controls Inc. achieved global sales of USD 32.4 billion (including USD 19.2 billion from its Automotive Systems Group), ranking 201st in the 2007 Fortune Global 500, employing 136,000 people worldwide.