Yantai SAF AL-KO Vehicle Technology Corporation was grandly opened on 30th of May, 2007, which date was also the 20th Anniversary of friend relationship foundation between Shandong Province and Bayern.

The opening celebration started at 11:28 AM, which was supported by Governments of Shandong Province, Yantai City and Laishang District. At the ceremony, Dr. Kong Xianming, the General Manager of SAF AL-KO China expressed his thanks to the erectors of SAF AL-KO China and the customers within the country and overseas who concerns the company.

With area of 60 000 square meters, SAF AL-KO Vehicle Technology Yantai Co., Ltd was invested in totally 15 million USD, and the registered capital is up to 8.2 million USD. The company can manufactures 20 000 axles and 5 000 light trailer chassis per year, and the annual proceeds of sale could be 150 million RMB. It has been making profit since May.

The secretary of Laishan District Government made an opening speech, and Mr. Liang Bo, vice director of Shandong Foreign Trade and Economic Bureau made a congratulation speech. There were also other gentlemen spoke at the ceremony, who were Mr. Hans Spitzner-secretary of Bayern, Mr. Fitza-representative of German Ambassador, Mr. Li Guiping-representative of customers, Mr. Rudi Ludwig-Present of SAF, and Mr. Kurt Kober-Present of AL-KO.

And then the gentlemen cut the ribbon at the opening ceremony in applause, which means SAF AL-KO Vehicle Technology Co., Ltd opened officially.

Mr. Duan Dawei, secretary of Laishan District Government, made an opening speech

Mr. Liang Bo, vice director of Shandong Foreign Trade and Economic Bureau

Mr. Hans Spitzner, secretary of Bayern

Mr. Fitza, representative of German Ambassador

Mr. Li Guiping, GM of CIMC

Mr. Rudi Ludwig, Present of SAF

Mr. Kurt Kober, Present of AL-KO

Dr. Kong Xianming, GM of SAF AL-KO China