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Grammer AG Sets Joint Venture with Jiangsu Yuhua Automobile Parts Co. Ltd.


Monday, 17 Dec 2012 11:27am EST 

Grammer AG announced that it has signed an agreement to establish a joint venture for the production and distribution of truck and bus seats with Jiangsu Yuhua Automobile Parts Co. Ltd., a Chinese supplier of components and systems for commercial vehicles and passenger cars. 60% of the new joint corporation Grammer Seating (Jiangsu) Co. Ltd., located in Jiangyin, China will be held by Grammer AG. Yuhua has a 40% stake. 

Company Quote

33.385
-0.615 -1.81%
15 Aug 2014