ZHEJIANG, China, Nov. 29, 2011 /PRNewswire-Asia-FirstCall/ --
SORL Auto Parts, Inc. (NASDAQ: SORL) ("SORL" or "the
Company"), a leading supplier of brake and control systems to the
global commercial vehicle industry, announced today that SORL
Europe, a subsidiary of SORL established in July 2011, will hold a celebration for the
opening of its regional headquarters office at "La Maison de
l'Automobile", Brussels, Belgium,
on December 14, 2011.
The following members of the senior management team of SORL and
its subsidiaries will attend:
Mr. Xiao Ping Zhang, Chairman and
CEO of the Company;
Mr. Bao Jian Tao, COO of the
Company;
Ms. Jin Rui Yu, VP International
Market and Production;
Mr. Jean Francois Barth, Managing
Director SORL International Holding, and General Manager of SORL
Europe;
Mr. Hamid Hamri, Marketing Director
of SORL;
Mr. Craig Jackson, Director SORL
International Holding; and
Mr. Ben Chen, VP Finance and
Corporate Secretary of SORL.
Mr. Jean Francois Barth, General
Manager of SORL Europe, commented, "The opening of SORL Europe is
another key to SORL achieving its global strategy. The European
market is potentially a major source of revenue growth as the
European brake market size is estimated to be approximately
$5 billion in annual sales.
Europe also has a rich pool of
automotive engineers to help SORL continue to reach its engineering
goals of being the first to develop innovative products providing
new solutions."
Mr. Xiaoping Zhang, Chairman and
CEO of SORL commented, "Our current customers in Europe appreciate the stronger marketing and
distribution we're developing in the region. Both SORL and our
customers will benefit from our closer relationships in
Europe. We expect our expanded
European operations will provide the opportunity to build our
business in Europe and more
customers will find our awarding-winning products to be a
cost-effective solution for their braking needs in this
safety-related area. Additionally, we expect to become a larger
supplier in the worldwide brake market as SORL extends its
distribution and marketing network. We are confident that our
broader global reach will create long-term shareholder 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 UAE, India, the United States and Europe. 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.