On May 28th, Jiangsu Longcheng Precision Forging Co. (LCPF) auto parts expansion project was formally started.

LCPF auto parts expansion project occupied 13000 square meters, with an investment of RMB150 million, is scheduled to be completed by January 2013. After it goes into production, the auto parts production will reach 70 million pieces including 50 million pieces auto engine finish forged claw pole, 5 million sets engine rotor, and 15 million other fine forging for auto. The output value will increase RMB800 million, profit tax will reach RMB120 million.

LCPF will become the world's largest manufacturing base for the details of auto engine, full meet the procurement requirements for Valeo(France),  Bosch(Germany), Denso(Japan), Remy(US), Prestolite Electric (Beijing) Limited, and other core enterprise, and provide high-quality components and parts products for the domestic advanced auto generator manufacturers.