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SGMW generates over RMB 100 billion yuan in sales this year
 
Date:2016-12-14 By:Ming Dong Source:Liuzhou Daily

At the beginning of December, SGMW just has a good news that its sales revenue has exceeded RMB 100 billion yuan within this year! So that makes it become the first manufacturing enterprise with an annual sales value of over RMB100 billion yuan in Guangxi.

The rapid development of SGMW promotes the formation of its upstream and downstream industry chain, solving the employment problem and spurring the regional economic growth. Over 50 leading auto parts manufacturers have moved into or plans to move into Liuzhou city, which are represented by Shanghai Automotive Speed Changer, Continental AG, Baosteel, UAES, Yanfeng Interior, Yanfeng Johnson Controls, Lear, Nexteer Electronics, Ling Long, etc. The annual output value of SGMW’s supply chain rose from RMB 44 billion yuan in 2012 to RMB 64.3 billion yuan in 2015, among which the total output value of local suppliers rose from RMB 16.86 billion yuan in 2012 to RMB 27.8 billion yuan in 2015, and the number of local suppliers with an annual output value over RMB 100 million grew from 25 in 2012 to 58 in 2015.

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