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Home > News > Grammy teamed up auto parts recycling system of Mitsui construction

Grammy teamed up auto parts recycling system of Mitsui construction


Today, the Grammy (002340, closing price of 10.89 yuan) announcement, the company has signed a agreement of intent and Mitsui & Co., Ltd. (hereinafter referred to as Mitsui Tokyo), Ltd. honest, intends to enter the automotive parts remanufacturing business.
It is reported that the parties will be full cooperation in technology, capital and resources, in Wuhan, China, as a base, to jointly promote the automotive parts remanufacturing business and construct the international advanced auto parts recycling industrial system.
Grammy said Mitsui Tokyo is one of the world's largest SOGO shosha, Mitsui Tokyo to join the company, will open the road to build the recycling industry hand in hand with global giants. HONEST for the Japanese auto parts recycling enterprises. Signed the letter of intent to cooperate, can effectively open Grammy utilization of scrap cars to scrap cars auto parts recycling industry chain, improve Grammy scrapped automobile industry chain profitability and core competitiveness.
Recently, many brokers have good Grammy scrap car recycling business, and optimistic about the expected the business will become the main source term earnings growth. Guotai Junan research report said, this year the number of Grammy dismantling is expected to increase. With the end of 2013 Grammy two subsidiaries get qualified dismantling subsidies from the government, the appliances dismantling began peatlands, is expected in 2014 to more than 550 million units dismantling, far more than about 200 million units by 2013.
In the field of automobile dismantling, Grammy three cars dismantling bases, the base in Jiangxi Fengcheng began to produce small, Wuhan Yangluo base is expected to 2014 mid-term test, Tianjin base to be built. Guotai Junan expected, 2014 will be 5000 car dismantling gelinmei. As China's car sales quickly long, scrap car dismantling will gradually develop into a blue ocean market

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