SORL Auto Parts Expects Export Sales to Grow Approximately 30% in 2010
29 Décembre 2009 - 12:15PM
PR Newswire (US)
ZHEJIANG, China, Dec. 29 /PRNewswire-Asia-FirstCall/ -- SORL Auto
Parts, Inc. (NASDAQ:SORL) ("SORL" or "the Company"), a leading
manufacturer and distributor of commercial vehicle air brake
systems as well as related auto parts in China, announced today
that the Company's management has received foreign delegations from
Brazil, India, Russia and the United States to visit SORL and tour
its factory over the past several weeks. The U.S. delegation was
received by officials of the Chinese State Council and toured
SORL's facilities. The U.S. delegation was led by Kevin A. Wolff,
the commissioner of Bexar County, San Antonio, Texas and mainly
consisted of other government officials and members of global
corporations. Chairman and CEO Mr. Xiaoping Zhang with other senior
managers, showcased SORL's advanced products in its exhibition room
and its sophisticated production facility to the delegations. The
foreign delegations expressed their favorable impressions regarding
the production scale and advanced technology at SORL's factory.
SORL's Vice President and General Manager of International Trade,
Mrs. Yu Jinrui, commented, "These recent foreign visits indicate
that the global auto parts market has started to regain its
vitality as overseas customer confidence is gradually picking up.
These recent inquiries are an endorsement of the growing
recognition of our products' high quality and the technological
innovation of SORL. The interest shown by these potential global
customers makes us believe that SORL's export sales will grow
approximately 30% in 2010 compared with 2009 results." Mr. Xiaoping
Zhang, Chairman and CEO, commented, "As the recovery in the global
export markets continue, we are implementing new strategic measures
to maintain our export growth momentum. First, in 2010, we plan to
increase our participation in various international trade shows to
present more advanced braking products to potential foreign
customers. Second, our engineering team will work closer with
potential customers to expand our products' range, increase our
value-added products, improve technical quality, and strengthen
after-sales support to meet their needs. Finally, we will optimize
our sales team to target not only the international aftermarket
area, but also OEM sectors. We are confident that 2010 will be a
very promising year." About SORL Auto Parts, Inc. As China's
leading manufacturer and distributor of automotive air brake
systems and other related auto parts, SORL Auto Parts, Inc. ranks
first in market share in the segment for commercial vehicles
weighing more than three tons, such as trucks and buses. The
Company distributes products both within China and internationally
under the SORL trademark. SORL ranks among the top 100 auto
component suppliers in China, with a product range that includes 40
types of air brake valves and over 1000 different specifications.
The Company has four authorized international sales centers in
Australia, United Arab Emirates, India, and the United States, with
additional offices slated to open in other locations in the near
future. For more information, please visit http://www.sorl.cn/ .
Safe Harbor Statement This press release may include certain
statements that are not descriptions of historical facts, but are
forward-looking statements. Forward-looking statements can be
identified by the use of forward-looking terminology such as
"will", "believes", "expects" or similar expressions. These
forward- looking statements may also include statements about our
proposed discussions related to our business or growth strategy,
which is subject to change. Such information is based upon
expectations of our management that were reasonable when made but
may prove to be incorrect. All of such assumptions are inherently
subject to uncertainties and contingencies beyond our control and
upon assumptions with respect to future business decisions, which
are subject to change. We do not undertake to update the
forward-looking statements contained in this press release. For a
description of the risks and uncertainties that may cause actual
results to differ from the forward-looking statements contained in
this press release, see our most recent Annual Report filed with
the Securities and Exchange Commission (SEC) on Form 10-K, and our
subsequent SEC filings. Copies of filings made with the SEC are
available through the SEC's electronic data gathering analysis
retrieval system (EDGAR) at http://www.sec.gov/ . For more
information, please contact: At SORL Auto Parts, Inc. Ben Chen
Director of Investor Relations Tel: +86-577-6581-7721 Email: Kevin
Theiss Grayling Tel: +1-646-284-9409 Email: DATASOURCE: SORL Auto
Parts, Inc. CONTACT: Ben Chen, Director of Investor Relations of
SORL Auto Parts, Inc., +86-577-6581-7721, ; or Kevin Theiss of
Grayling, +1-646-284-9409, Web site: http://www.sorl.cn/
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