China-AsiaStocks.com (CAS), an investor and industry news portal for the China-Asia sector presents SORL Auto Parts, Inc. (OTCBB: SAUP), as a new featured company. The Company is China's leading manufacturer and distributor of automotive air brake valves for the commercial vehicle market. SORL currently has the largest market share in its sector of the auto parts industry, the market for air brake valves for commercial vehicles such as trucks, vans, and buses.
SORL has a range of products that includes 36 types of brake valves with more than 800 different specifications distributed domestically and internationally to 42 vehicle manufacturers. The Company recently achieved a record sales milestone as a result of its growing product portfolio and significant distribution infrastructure. For the nine months ended September 30, 2005, the Company achieved $45.8 million in sales, a 38% increase over the $33.1 million recognized for the nine months ended September 30, 2004.
The Company anticipates further growth as China’s construction and automotive industries continue their dramatic rates of growth. Rising construction levels have increased the demand for heavy trucks, and as SORL augments its product offerings it has the ability to keep pace with the evolving needs of the Chinese auto industry, which in 2005 accounted for more than 23% of the global industry’s total growth, according to the China Automotive Industry Association.
SORL consistently enhances its core competencies through technological advancement and innovation. Company R&D is continuously identifying new technology and products that best meet current market demands. SORL, based on the technology and market information collected through its affiliated sales windows in the Middle East, Australia and the U.S., has become an industry leader in new product development (NPD) through its in-house capabilities. In addition, SORL continuously invests and improves its information systems so as to respond quickly to new requirements. The improved IT system has successfully reduced the NPD cycle time by 50 percent. Meanwhile, to ensure the NPD success rate, SORL keeps strict compliance with the rigorous ISO/TS16949 international standard quality system.
SORL is focused on continued research and development of their valve technology, such as anti-lock brake systems and electronic brakes, to build upon their current Chinese patent for an automotive clutch empower device.
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SORL-AutoParts.com (CAS is compensated as disclosed in disclaimer.)
SORL Auto-Parts, Inc. (OTCBB: SAUP) is engaged primarily in the manufacture and distribution of automotive air brake valves and hydraulic brake valves mainly for the commercial vehicles market, such as trucks, vans and buses, in the People's Republic of China (PRC). The Company distributes products both in China and internationally under SORL trademarks. The Company's product range includes 36 types of brake valves with over 800 different specifications.
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Source: China-AsiaStocks.com, SAUP