NewTech Establish Its Assembly Plant for the Full Contact Disc Brake in China
BLAINVILLE, Quebec, April 21 -- NewTech Brake Corp. (OTC BB: NWTB) a subsidiary of NewTech Group International, Inc., announced today the creation of a wholly-owned subsidiary in Suzhou, China, NewTech Brake (China) Co. Ltd. Subject to approval by the Chinese authorities, the company's brake assembly plant will assemble the NewTech brake for the Heavy Duty Market. It will supply clients in China and in North America later this year.
In support of this facility, Dr Hua Yu, Ph.D. in Mechanic, has been appointed General Plant Manager. He will be responsible to set up the structure as soon as possible. "My long experience working for NewTech along with my knowledge of the Chinese culture will facilitate the implementation of the organization", stated Mr. Yu.
The assembly plant, based on the JIT (just in time) approach, is planned to reach a capacity of 1.2 million brake systems per year.
NewTech Chairman, Mr. Yvon Rancourt stated, "This opportunity will enable NewTech to accelerate the introduction of our full contact brake in different markets. We have identified many Chinese suppliers who are certified QS-9000 and ISO-9000 and can supply components to our quality standards".
About Dr. Hua Yu
Dr. Hua Yu, age 45, is an experienced aircraft/automobile engineer with a track record of accomplishments in aircraft and automobile companies located in various countries including XAC in China, AIM Aviation Corp in Britain and NewTech in Canada. Dr. Hua Yu received his BSc of solid mechanics and Twin BSc in Engineering Management both from Beijing University of Aeronautics and Astronautics, China. He received his Ph.D. in Mechanic from Bristol University in England.
About NewTech Brake Corp.
The mission of NewTech Brake Corp. is to identify and develop opportunities to provide an advanced generation of safer, more efficient and cost-effective full contact disc brakes and related components to the North American and European heavy vehicle market.
Forward-looking statements.
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