CX Technology joins Honda automotive supply chain
The China Post news staffTAIPEI, Taiwan -- Since 1972, CX Technology has been a leading supplier in cold forged and plastic injection components and parts. CX Technology is a manufacturer listed on the Taiwan Stock Exchange with 1,500 employees in Taiwan, Vietnam and China.
March 7, 2013, 12:33 am TWN
In 2012, CX reorganized its manufacturing business into Forging Division and Plastic Injection Division. These business units are focused on speaker parts, automotive parts, industrial fasteners and injection parts for consumer goods markets.
Regarding the automotive parts business, CX Technology entered into a strategic cooperation with a Japanese manufacturer, Kamiita, in 2009. After four years of continued efforts, CX Technology finally succeeded in receiving orders from the suppliers of Volkswagen and Honda.
CX Shanghai manufactured cold-forged piston brake system parts for Volkswagen's supplier in 2012. This year CX Technology supplies engine bracket and jet fuel supply system forged parts for Honda Accord and Honda Civic. In addition, CX's Vietnam and Shanghai plants also received supplier certification from Mercedes-Benz and SQ Mark certification from Hyundai, respectively.
Deputy General Manager Gary Chiu said: “It is difficult to step into the market for supplying automotive parts. But once entered, significant growth in the next 2-3 years is expected.”
Although the revenue from automotive parts is still a small portion of CX's overall revenue stream, it should still multiply significantly with the growth of automotive markets in China and ASEAN.