Parts Supplier Targets China And South Korea

Spanish automotive component supplier Grupo Antolin Irausa has announced investments in China and South Korea aimed at strengthening its Asian presence. The Chinese project is a 50:50 joint venture with Chinese supplier Ningbo Huaxing Electronic Co, which will produce door panels and vehicle pillars. The partners have invested a combined EUR10mn in Ningbo Antolin Huaxing Auto Parts Co, which Antolin expects to achieve revenues of EUR30mn in its first three years of operation. The deal will give Antolin access to Ningbo Huaxing's client base in China, which includes the country's top two foreign producers Volkswagen and General Motors, as well

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