Fuyao Glass is the Leader in China’s Automotive Glass Industry

Date: 2015-08-31

Fuyao Glass (“the company” or “Fuyao”), the undoubted leader and the first listed company in China’s automotive glass industry, mainly manufactures automotive glass and float glass. It is China’s largest and the world’s second largest automotive glass producer. It accounted for 63% of the national automotive glass market in terms of 2013 sales and about 20% of the global market in terms of 2013 sales volume. Investment highlights include: 1) its large market share and significant scale economies creating natural barriers; a stable market position with a foreseeable longterm growth in China’s automotive glass industry; 2) its leading R&D and product codesign and development capacities in the industry and long-term, stable relationship with world-class automakers; 3) its high production efficiency due to vertically integrated business model, high self-sufficiency of major material and internal development of key equipment; 4) its expansion in overseas markets as the new growth driver thanks to its international competitiveness in R&D, cost control, supply chain and customer relations.

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