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Sogefi SpA launches two new plants in Shanghai China


Thursday, 16 Jan 2014 06:04am EST 

Sogefi SpA:Announces that it officially started up two new industrial sites, producing suspension components and engine system components respectively, in Wujiang, in the Shanghai area of China.Says two plants are located a short distance apart in the area of economic and technological development of Wujiang.Says first plant, is dedicated mainly for the development and production of suspension components for motor vehicles (tubular and solid stabilizer bars at the beginning) and will in the initial stages service mainly BMW, Daimler, FIAT/Chrysler, Ford, and PSA through their local partnerships.Says Engine Systems Plant is designed for Air and Cooling Systems (at present a total of two major product lines - Air Intake Manifolds and Water Outlets - with more product lines to be added in the future), will initially be serving Daimler, SGM/SAIC, Ford and Jiangling Motors (JMC).Says two plants will employ more than 500 people when fully up and running.Says investment in the two factories will amount to approximately $ 40 million. 

Company Quote

2.06
0.08 +4.04%
23 Dec 2014