CBI member GKN recently announced that GKN Driveline is continuing its expansion in China with a groundbreaking for the expansion of its plant in Chongqing.
GKN Chongqing Driveshaft (GDC) is investing US$43.9 million to expand the
facility which will cover an area of nearly 12,000 square metres when
construction is completed in 2014. The expansion of the plant will allow
localisation of CVJ System production for the many OEMs in the Chongqing area.
Production is expected to start in July 2014, and upon completion the plant
will have capacity of over one million vehicle sets per year.
Andy Reynolds Smith, CEO GKN Automotive, said, "Chongqing is the
automotive manufacturing centre for Southwest China, with fast growing customer
demand and market forecasts of two million cars by 2015.
"Our rapidly increasing China footprint allows us to better serve our
customers such as Chang'an Ford, creating more efficiency in supply chains with
localised supply and continued high levels of service. This builds on the
existing highly successful operational base of eight plants."
Please click here
to read the full press release by GKN.
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