Zhongding's site in Xuancheng crop

Sealing parts maker Zhongding ups annual sales; closes Tristone takeover

Zhongding's site in Xuancheng

Xuancheng, China – Zhongding Sealing Parts posted a 28% rise in yearly sales to €1.1 billion (8.4 billion yuan) in fiscal 2016 thanks to China’s fast-growing automotive sector, according to the company’s annual report.

Net profit during the same period jumped 26% to €118 million.

The parent group Zhongding Holding, with a total employee headcount of 19,000 and arms in other sectors such as information technology and engine manufacturing, reported €1.8 billion revenue last…

To read more,please login or register below.

Register
This is the first step to more free
content, user offers, subscriptions
and more.
Login
Log in here using the Email Address
and Password you signed up with