Magneti Marelli inaugurates Chinese lighting plant

EUROPEAN PLASTICS NEWS

Published: June 10, 2013 11:51 am ET
Updated: June 10, 2013 11:53 am ET

Related to this story

Topics Automotive Injection Molding
Companies & Associations

Italian auto components maker Magneti Marelli SpA is aiming for growth in China with a new automotive plant in Foshan, in the Guangdong province.

"The opening of this new plant represents an important milestone for the history and presence of Magneti Marelli Automotive Lighting in China, where we plan to grow significantly in the following years," Sylvain Dubois, general manager of Automotive Lighting China, said in a statement.

The company inaugurated the 30 million euro plant, which will initially produce rear lights and later on front headlamps and electronic lighting components, on May 16. The industrial site covers a total surface area of 26,500 square meters and will house some 300 employees.

The opening of the plant is in line with plans laid out at the Auto Shanghai 2013 show; for the company to use its growth in China to increase sales to 1 billion euros within four or five years.

The firm wants take hold of 10 percent of the market share in china and already has operations in Wuhu and Shanghai.

Most of what the plant makes will be sold in China, with some exported to Japan.


Comments

Magneti Marelli inaugurates Chinese lighting plant

EUROPEAN PLASTICS NEWS

Published: June 10, 2013 11:51 am ET
Updated: June 10, 2013 11:53 am ET

Post Your Comments


Back to story


More stories

Image

Germany's EBM-Papst expanding in Germany, Hungary

April 20, 2015 11:21 am ET

Germany-based EBM-Papst Industries will invest nearly 10 million euros ($10.7 million) at plants in Germany and Hungary to expand production and...    More

Image

Ford moving forward in carbon fiber for 'high volume' use

April 17, 2015 10:21 am ET

Ford Motor Co. has signed a deal with a carbon-fiber manufacturer to jointly explore “high-volume” automotive uses for the lightweight...    More

Image

German auto supplier opening first US plant

April 17, 2015 11:00 am ET

Automotive supplier EuWe Eugen Wexler U.S. Plastics Inc. is investing $11.1 million to open a manufacturing facility in Anderson County, S.C., the...    More

Image

Zoltek expanding CF capacity in Europe

April 17, 2015 10:12 am ET

Leading carbon fiber group Zoltek Corp. has signed a strategic agreement with the Hungarian government to expand its operation in northern Hungary,...    More

Image

Spain's Grupo Antolin to buy Magna's interiors business

April 16, 2015 12:33 pm ET

Spain's Grupo Antolin has reached an agreement to purchase Canadian auto supply giant Magna International Inc.'s interiors unit in a deal valued at ab...    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events