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Fuyao Group donates another 40 million RMB to help small and micro enterprises resume production.

2024-05-16 Update From: AutoBeta autobeta NAV: AutoBeta > News >

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AutoBeta(AutoBeta.net)02/23 Report--

At a time when the domestic car market experienced its worst decline in 2019, a sudden epidemic further expanded the impact of China's auto market and the market economy as a whole. However, in such a difficult time, there are still many enterprises donating money and materials to fight the epidemic. A few days ago, after "glass king" Cao Dewang donated 100 million yuan to fight the epidemic, he once again donated 40 million yuan to small enterprises to tide over the difficulties.

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Fuyao Group recently said that according to the proposal of Cao Dewang, chairman of Fuyao Group and founder of Heren Charitable Foundation, the Heren Charitable Foundation will donate another 40 million yuan to support Fuzhou in fighting the COVID-19 epidemic and helping small and micro enterprises to develop. Among them, 20 million yuan was donated to Fuqing City.

For every enterprise that donates money and goods, there is no doubt that it has a sense of social responsibility, but the purpose of Fuyao Group's donation is different from that of the previous fight against the epidemic. In addition to supporting Fuzhou in fighting the COVID-19 epidemic, it will also help small and micro enterprises develop.

Cao Dewang said, "the size and scale of small and micro enterprises are very small, and some small and micro enterprises affected by this epidemic may not be able to start their original business. Now the most important thing in China is to resume production. Our province discussed with me how to help small and micro enterprises resume production, so we donated this money. "

In the face of the most severe epidemic earlier, Cao Dewang thought that the epidemic had a certain impact on the entire manufacturing industry, including his own Fuyao Group. According to the global turnover of several billion yuan a month, half of the factories have been shut down, making it impossible for most multinational car companies to make orders. The monthly profit has decreased by nearly 40%, but Cao Dewang said he did not complain and still contributed money to buy a mask. And still feel that in the face of the current situation, we should focus on eliminating the epidemic first, rather than putting solving the problems encountered by enterprises in the first place, and then explore ways to solve the problem together when the epidemic is over.

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In addition to the two donations totaling 140 million yuan, Fuyao also purchases epidemic prevention materials around the world through its advantage of having a number of overseas factories, and has purchased a large number of medical materials such as protective masks, goggles, shoe covers, hats, rubber gloves, etc., from Germany and France, totaling 2.41 million pieces of nine categories, valued at 1.29 million euros (about 9.78 million yuan) has been handed over to the relevant departments of Fujian Province.

Founded in Fuzhou, Fujian Province in 1987, Yaoyao Group is a Sino-foreign joint venture specializing in the production of automotive safety glass and industrial technology glass. at present, it has established a complete industrial chain from design and research and development, raw material manufacturing, equipment research and development to glass production and functional glass processing in 11 countries, including China, the United States, Germany, Russia and so on.

It is understood that the glass suppliers of domestic Model 3 four-door windows and C-pillar triangular windows have also been changed from French glass supplier Saint-Gobain to Fuyao Group. In addition to Tesla, car companies working with Fuyao Group also include Bentley, Mercedes-Benz, BMW, Audi, General Motors, Toyota, Volkswagen, Ford, Chrysler and so on.

At present, in addition to the Hubei automobile glass base, which has not resumed normal production, 42 production bases and research institutions distributed in 16 provinces and cities across the country have fully resumed work on February 17, with an employee attendance rate of 80%.

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Although, Cao Dewang also mentioned that from the current automotive industry, car sales and production are declining in 2019, both dealers and manufacturers have a lot of inventory. Under such circumstances, if the car production line is stopped for 20 days and a month, there will be no big chaos.

According to the latest first-phase car sales data released by the China Federation of passengers, retail sales of domestic passenger car manufacturers fell 92% year-on-year in the first half of February 2020 (February 1-16), affected by the pneumonia epidemic infected by novel coronavirus. The decline was the highest on record. To this end, the state is also planning to introduce policies to promote the recovery of the automobile market economy.

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