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On Dec. 9th of 2013, Jinbei released that the group would invest 45 million Yuan to establish body parts company in Shenyang jointly with 5 million Yuan invested by its wholly-owned subsidiary Jinbei Goods.
This new company would be located in juncture of Shenyang Economic Technology Development Zone and Huenhe 26th Street with planned 1 stamping production line, 1 open blanking production line and other necessary auxiliary equipments and measures.
According to Jinbei, investment of a new company is qualified with development requirements of their parts. Meanwhile, core parts system can be well built and high-end parts market can be expanded. Thus, present product competitiveness can be changed and improved. And technical upgrading and structural adjustments can be achieved.