|
|
Article: Plastic Omnium forms Chinese joint venture.(Suppliers)
- Article from:
- Automotive News Europe
- Article date:
- May 14, 2007
CopyrightCOPYRIGHT 2007 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Katherine Peavy
Plastic Omnium has jumped into the Chinese market with its first local venture.
The French supplier and China's Yanfeng Visteon received approval for the creation of a joint venture for exterior parts production.
Under the agreement, Plastic Omnium will acquire a 49.95-percent stake in an existing Yanfeng Visteon factory in Anting, a suburb of Shanghai.
The venture will be called Yanfeng Plastic Omnium Automotive Exteriors Systems Co.
Yanfeng Visteon is a major player in China's interior and exterior automotive components industry. It is a joint venture between the US supplier Visteon and Shanghai ...