Thursday, November 27, 2008

Guangzhou Auto to set up component JV with Johnson Controls

Guangzhou Automobile Group Component Co, a unit of Guangzhou Automobile Group Co, has signed an agreement with Johnson Controls, Inc. a U.S.-based environmental technology company, to set up a joint venture, according to sources.

The new venture, namely Guangzhou GACC-Johnson Controls Automotive Interior Systems Co, located at Panyu, will focus on the production of instrument panels and floor consoles for automobiles, and mainly provide services to the customers in South China.

It was reported that the venture is expected to complete construction in 2009 and start operation in 2010. No more financial details have been disclosed .

No comments:

Enter your email address:

Delivered by FeedBurner