Pierburg Pump Technology setting up another joint venture in China
(PresseBox) - Together with Shanghai Xingfu Motorcycle Co., Ltd., which belongs to Huayu Automotive Systems Co., Ltd. (SAIC Group), KSPG subsidiary Pierburg Pump Technology GmbH, Neuss, Germany (Rheinmetall Group), has formed a joint venture to produce and market pumps for use in motor vehicles. Each party holds a 50-percent stake in the new Shanghai-based venture, Pierburg Huayu Pump Technology Co., Ltd. (PHP).
PHP will specialize in innovative pumps for the Chinese auto market. The lineup includes variable-flow oil pumps, electric oil pumps for transmissions, on-demand coolant pumps for the main circuits as well as electric recirculating water pumps for secondary circuits used for charge-air or recirculating exhaust gas cooling.
Completing the venture's product range are high-efficiency vacuum pumps.
Supported by Pierburg Pump Technology's European R&D units, PHP will have its own application development department and a test & prototype center in China to enable customer-specific products to be developed locally.
Presently, the new company is building a 4,000 m² production facility in the industrial zone of Yuepuzhen in the northern Shanghai area. At the turn of 2013/14, the first production lines and test systems for recirculating-water and vacuum pumps will be installed.
Since 1997, the KSPG Group has been represented in China by several joint ventures and wholly-owned subsidiaries. This international first-tier auto-industry supplier has presently 10 locations in and around Shanghai as well as in Yantai. The 50-50 joint ventures at their altogether six locations have alone a workforce of over 3,500. Sales by these companies in 2012 amounted to ?390 million, 30 percent above the 2011 level.
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Datum: 22.04.2013 - 05:39 Uhr
Sprache: Deutsch
News-ID 1218530
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