JAN, Moved to the new plant which occupies land of 60,000 square meters including 40,000 square meters of floor area; With the introduction of a variety of advanced equipment, production capacity increased significantly, into the rapid large-scale development phase.
NOV, Company name changed from “Ningbo Hongxie Machinery Manufacturing Co., Ltd.” to “Ningbo Hongxie Clutch Co., Ltd.”
MAR, After two years’ negotiation, 56% of the U.S. company shares was bought by Chinese, achieved absolute control; Other than single U.S. market, the company has entered the self-development stage by expanding Europe, the Middle East market and the well-known OEMs, etc.
DEC, “Ningbo Hongxie Machinery Manufacturing Co., Ltd.” was founded a joint venture by Midland Group and Beilun Traffic Parts Factory, producing professional automotive clutches.