Hubei Aviation Precision Machinery Technology Co., Ltd (Stock Code: 002013) together with CRH Automotive (Holding) Limited jointly set up Wuhan Fine Blanking Technology Co., Ltd. Fine Blanking Technology has a registered capital of USD$ 6 million, of which, Aviation Precision invests US$ 3.06 million in cash, accounting for 51%, and CRH invests US$2.94 million in cash, sharing 49%. The joint venture will specialize in R & D and production of fine blanking products as well as expansion of fine blanking technology' s application fields.