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The company was established on December 8, 2002. It is a joint venture jointly invested by Wuhan Panzhou Machinery Manufacturing Co., Ltd. (won the title of "Top 100 Auto Parts Suppliers in China" in 2003 and 2004) and Japan Sino-Vietnam Alloy Foundry Co., Ltd. (once won Japan's highest quality award "Deming Award") and Wuhan Ju Ronghua Investment Partnership (Limited Partnership).

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