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

Improvements to Radici's nylon line takes it into more applications

March 27, 2015 9:00 am ET

Radici Group, the Italian-headquartered materials firm, outlined the benefits of its Radilon and Radistrong nylon products at NPE 2015.    More

Image

DuPont exec: Still lots of lightweighting needed in the auto industry

March 23, 2015 6:00 am ET

In that role, Jeffrey Sternberg is responsible for bringing the breadth of DuPont advanced materials — as well as renewably sourced materials...    More

Image

How Faurecia made over a relic

March 23, 2015 6:00 am ET

Everything about Faurecia SA's interior trim plant in Saline, Mich., is big.    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

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

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

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

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events