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SORL SORL Auto Parts Inc

4.71
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
SORL Auto Parts Inc NASDAQ:SORL NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 4.71 4.69 4.72 0 01:00:00

SORL Enhances Production Management System

05/07/2011 12:05pm

PR Newswire (US)


SORL Auto Parts (NASDAQ:SORL)
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ZHEJIANG, China, July 5, 2011 /PRNewswire-Asia-FirstCall/ -- SORL Auto Parts, Inc. (NASDAQ: SORL) ("SORL" or "the Company"), a global tier one supplier of brake and control systems to the commercial vehicle industry, today announced that to improve its production management system, managers of its subsidiary, Ruili Group Ruian Auto Parts Co., Ltd., recently completed advanced training in the TPS production management system.  

The TPS (Toyota Production System) production management system is a widely-used global system. Through continuous improvement from each individual module to the overall process, the TPS production management system eliminates inefficiencies to shorten the time from the start of production to the time units reach the customer.  It eliminates waste and guarantees low-cost, high-efficiency and high-quality production to maximize customer satisfaction, and to improve competitiveness.

The Company's managers were in the first group to receive this upgrade that was sponsored by its customer, the FAW Group (FAW), as SORL is one of its core suppliers. FAW intends to build an internationally competitive core supplier network. The FAW instructor demonstrated the TPS production management system in great detail and also highlighted the production training site for practical application.

Jinrui Yu, International Sales & Production VP, commented, "The TPS production management system is a popular global production management system. As a key supplier to FAW, we are honored to be invited to participate in this training, and we now have a more profound understanding of the effectiveness of the TPS production management system. We are further integrating the usage of the TPS system more broadly and deeply to control costs, increase efficiency, improve product quality, and maximize customer satisfaction, which in turn, increases the Company's and our shareholders' value."

About SORL Auto Parts, Inc.

As a global tier one supplier of brake and control systems to the commercial vehicle industry, SORL Auto Parts, Inc. ranked No. 1 for market share in the segment for commercial vehicles brake system, such as trucks and buses. The Company distributes products both within China and internationally under the SORL trademark. SORL is listed among the top 100 auto component suppliers in China, with a product range that includes 65 categories with over 2000 specifications in brake system and others. The Company has four authorized international sales centers in Australia, UAE, India, and the United States. SORL is working to establish a broader global sales network. 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 .

Contact Information



Ben Chen

VP Finance & Corporate Secretary

+86 577 6581 7721

Email: ben@sorl.com.cn





Kevin Theiss

Grayling

+1 646 284 9409

Email: kevin.theiss@grayling.com





SOURCE SORL Auto Parts, Inc.

Copyright 2011 PR Newswire

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