We have learned from the Provincial Department of Industry and Information Technology that FuYuan Turbocharger has been named a Shandong Province single-champion enterprise. This is another major provincial award for our company in 2018.
A single champion is a company that has long concentrated on particular product market segments, whose production technology or processes are internationally leading, and whose market share for a single product is among the highest in the country.
FuYuan Turbocharger is one of the strongest turbocharging technology companies in China and is currently the only supplier in the country able to provide a full range of turbocharging technology and products for many applications. The company has concentrated on the development of and innovation in turbocharging technology since 1989. Building on its own situation and vigorously implementing the major project of replacing old growth drivers with new ones, it has developed more than 400 turbocharger variants in over 30 series with turbocharging technology at their core, which are widely used in passenger cars, commercial vehicles, construction machinery, agricultural machinery, ships and power generation. While continuing to do well in its traditional turbocharger business, the company has drawn on leading technology from China and abroad and made full use of technological innovation. Since 2015 it has mastered high-end technologies previously monopolized by foreign companies, including the air bearing and the high-speed permanent-magnet motor, which were the first of their kind in China, and has applied them successfully in advanced products such as the air-bearing centrifugal blower and the air-bearing centrifugal compressor for hydrogen fuel cells, giving strong impetus to the shift from old to new growth drivers among local companies.
