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Article: JIANGNING TO CREATE CHINA BIGGEST AUTO BRAKE SYSTEM BASE
- Article from:
- AsiaInfo Services
- Article date:
- November 12, 2009
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AsiaInfo Services
11-12-2009
Jiangning to Create China Biggest Auto Brake System Base
JIANGNING, Nov 12, 2009 (SinoCast Daily Business Beat via COMTEX) -- Five associated auto projects, including the would-be biggest auto brake system production base, successively broke earth in the Nanjing Jiangning Development Zone, Jiangsu Province, east China, with an aggregate investment of CNY 3.14 billion.
Upon the development strategy, the Chinese auto parts trader Donghua Automotive Industrial Co., Ltd. will form a partnership with Brembo, a world-known auto brake tycoon headquartered in Italia, to invest EUR 90 million in an auto brake system production base. It is designed to yield 3 million set ...