According to a report from the ThyssenKrupp Group, Chengdu ThyssenKruppulco Spring Co., Ltd., a new auto parts factory in Chengdu, Sichuan, was officially put into operation. The planned annual production capacity is approximately 3 million springs and 1.5 million pieces of stable. Rod, providing supporting services for vehicle manufacturers in China.
According to report, the new plant is a joint venture between ThyssenKrupp and China's auto parts and components manufacturer, Fool Auto Parts Co., Ltd. The former holds 60% of the shares, while the latter holds 40%, among which ThyssenKrupp The Group invested about 150 million yuan in this new factory.
Karsten Klaus, Chief Executive Officer of ThyssenKrupp's Mechanical Components Technology Business Unit, stated that in China, the world’s most important growth market, ThyssenKrupp has invested in the past two fiscal years. 250 million euros to build a new auto parts factory.
It is worth noting that the strategic expansion of auto parts business in the world's economic growth regions is an important part of the transformation of ThyssenKrupp into a diversified technology group. In the past three years, ThyssenKrupp invested about 1 billion euros in this.
At present, ThyssenKrupp Automotive's auto parts product line in China covers crankshafts, camshafts, cylinder head cover module assemblies, steering systems, springs and stabilizer bars. In fiscal year 2011/2012, ThyssenKrupp Machinery The sales of parts and components technology business in China is about 700 million euros, of which two-thirds of the sales come from the auto parts sector.
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