Auto, Truck & Motorcycle Parts
Continental AG:Announces localisation of driving safety technologies ABS and ESC production in India.Passenger car ABS and ESC will be produced locally at the Continental Automotive Brake Systems plant in Gurgaon, Haryana.Says delivery of first localized ABS/ESC products by end of 2016.
Jiangnan Mould & Plastic Technology Co Ltd:Says wholly owned Jiangsu-based invest management subsidiary to set up a wholly owned subsidiary in U.S named MingHua USA Inc.New sub-subsidiary with registered capital of $5 mln and for bumper injection molding, paint spraying, assembly line.
Jiangsu Yunyi Electric Co Ltd:To invest 30 million yuan to set up a wholly owned subsidiary in Xuzhou, which to be engaged in new energy technology, solar energy, wind power generation and information system integration service.
Ningbo Donly Co., Ltd:A Ningbo-based transmission wholly owned subsidiary to invest 20 million yuan to set up a Handan-based wholly owned sub-subsidiary, which is engaged in maintenance, monitoring and sale of reducer, motor and shaft coupling.
MEIWA INDUSTRY CO LTD:To set up a unit MEIWA INDUSTRIA MÉXICO, S.A. DE C.V. in Mexico with its subsidiary MEIWA INDUSTRY NORTH AMERICA,INC. in Jan. with registered capital of 50,000 Mexican pesos.Says the co and its unit to hold a 99 pct and a 1 pct stake in MEIWA INDUSTRIA MÉXICO respectively.
Compagnie Plastic Omnium SA:Invests $650 million to strenghten its growth in North America.Two new plants are under construction in Mexico.Plant in Leon will begin production in mid-2016 to deliver fuel systems to General Motors and Daimler.San Luis Potosi will deliver from mid-2017 body parts to General Motors and Daimler.
Sichuan Haowu Electromechanical Co Ltd:To set up a Chengdu-based branch, which to be engaged in sale of automobile, engineering machinery, electronic equipment and metal material.
THN Corp:To invest 5,873 million won to set up a wholly owned subsidiary namely SHANDONG SANZHEN ELECTRICS CO.,Ltd in China.New entity will be engaged in the provision of auto parts.The new entity will be capitalized at 5,873 million won.Expects transaction settlement date of Dec. 23, 2016.
Chongqing Zongshen Power Machinery Co Ltd:To invest 300 mln yuan and to set up a wholly owned components manufacturing subsidiary in Chongqing.
Pankl Racing Systems AG:Supervisory board approved building of new factory for premium drivetrain components and systems.From April 2016 new, self-contained 9,000 square metre production facility will be built in Kapfenberg.Facility will have manufacturing area of 6,000 square metres.Capital expenditure will total 25 million euros ($27.3 million), 9 million euros of which will be for building infrastructure and 16 million euros for machinery to produce high performance drivetrain components and systems.Machinery will commence operations from 2017 onwards.