Archive for the ‘Suppliers’ category
Chinese tire maker to open its first North American distribution center in Memphis
AutoChina.org (Shanghai November 5)- Qingdao Doublestar Industrial Co. Ltd. is opening its first North American distribution center in Memphis, the company announced today. The Chinese company will warehouse and distribute Doublestar brand medium-sized steel radial heavy-duty truck tires from the Del-Nat Tire Corp. facilities in South Memphis. A partnership agreement between the two companies was announced this [...]
Neapco opens Asia business office in China
SHANGHAI – Neapco Holdings announced the launch of its Asia Business Office in Shanghai on October 11, as part of an ongoing expansion to serve the global demands of its customers and suppliers worldwide, according to a company press release. The office will provide technical and program support for Neapco’s automotive suppliers in Asia, as [...]
Brose new plant breaks ground in Chongqing
CHONGQING – Brose group, the automotive mechatronic system supplier celebrates the groundbreaking ceremony of its wholly owned subsidiary here on September 26th, 2011. Located in Sha Pingba district, the Chongqing Brose Automotive Systems Co., Ltd. will start operation by mid-2012. The site, which measures nearly 40,000 square meters, will employ around 250 people for the [...]
Beiqi Foton teams with Infineon to develop vehicle energy systems
BEIJING－ Beiqi Foton Motor Co., Ltd. announced on September 2 that it will deepen cooperation with Infineon Technologies AG on development of key automotive systems, battery charging and energy storage systems of new energy vehicles. According to the memorandum of understanding Foton signs with Infineon, Beiqi Foton will adopt Infineon’s solution in its multiple battery [...]
Johnson Controls to invest $100 million in new plant in China
MILWAUKEE, Wis.－ Johnson Controls announced on September 14 that it will invest $100 million to build a factory for “start-stop” vehicle batteries in China. The company is pondering on several potential locations for the new plant and a final decision is to be made in the upcoming months. The new plant, expected to start production in [...]
Bridgestone to establish polyurethane foam plant in Wuhan
Bridgestone announced on September 14 that it has decided to establish a new plant to produce polyurethane foam for automobile seats in Wuhan, Hubei Province. The Wuhan plant will be operated by Bridgestone (Wuhan) Chemical Products Co., Ltd., a wholly foreign owned enterprise established in December 2010. Preparations are currently underway to begin mass production [...]
PRTM: Chinese suppliers gaining ground in the M&A space
SHANGHAI – According to a recently released study by global management consultancy PRTM, Bankruptcy and Consolidation in the Global Automotive Supply Industry 2011, Chinese suppliers have become increasingly important M&A players, accounting for half of the top 10 acquisitions this year. Chinese buyers executed half of the 10 largest deals in the last 12 months, and [...]
CITIC signs agreement with Bolivia for tapping lithium
CITIC Guoan Group, a conglomerate in industrial investment, signed a strategic cooperative agreement with Bolivia to jointly tap lithium resources in Bolivia’s Coupasa salt flats, according to a report by China Daily. CITIC will submit a proposal to establish a joint venture for extraction if the lithium deposit meets minimum expectations, the company said in a [...]
Meritor to establish part-distribution center in Xuzhou
SHANGHAI – During the 2011 China International Parts & Components Exhibition for Construction Equipment, Meritor, Inc. announced its plan to build a 2,300-square-meter Parts Distribution Center (PDC) in Xuzhou, Jiangsu Province. This new distribution center, located in the company’s recently expanded manufacturing facility which is part of its off-highway joint venture in China, Xuzhou Meritor [...]
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