Italy's Sogefi opens two car parts plants in China

MILAN Thu Jan 16, 2014 6:08am EST

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MILAN Jan 16 (Reuters) - Italy's Sogefi said on Thursday it had opened two new plants in Shanghai to produce suspension components and engine systems for car producers including Fiat, Daimler and Ford.

The company, part of holding group CIR, said it was targeting China revenues of $100 million by 2017, up from an expected $30 million for 2013.

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