In July 2014, Chairman Chun-Hua visited AGCO in France and held several meetings with top leaders of AGCO, including their vice President of Global Manufacture, Bernd Hoffman and their Director of Global Sourcing, Didier Van Impe. With a warm and friendly atmosphere, both two parties exchanged views and thoughts on the progress of recent project in Changzhou as well as their future business strategic plans. Chairman Chun-Hua began the meeting by thank AGCO for their full trust and this great opportunity to work together for the project in Changzhou. Vice President Bernd Hoffman of AGCO expressed the importance of this project, emphasizing it is a world-leading manufacturer with the most advanced research and development base. With a total investment of more than $218 million dollars, AGCO boosts the capability of the coating production to output 20,000 sets of tractors together with 36,000 sets of engines and gearboxes. Hoffman hoped that this project would make Huali and AGCO become long-term partners to provide the top professional agricultural machinery in both domestic and global markets in the future.