Henniges Automotive acquires Chinese joint venture

Rubber & Plastics News

Published: January 22, 2014 11:10 am ET
Updated: January 22, 2014 11:17 am ET

Related to this story

Topics Automotive, Mergers & Acquisitions, Extrusion, China, Automotive parts

AUBURN HILLS, MICH. — Henniges Automotive Holdings Inc. has acquired the remaining 40 percent it didn't own of Beijing Wanyuan-Henniges Sealing Systems Co. Ltd., its Chinese joint venture with China Academy of Launch Vehicle Technology.

Henniges and China Academy of Launch Vehicle Technology started the joint venture in 1995. The Chinese entity now will operate under the Henniges Automotive name.

"We continue to pursue opportunities that strengthen our global footprint in order to drive results and further our ability to serve key customers locally in China and around the world," said Doug DelGrosso, Henniges president and CEO.

Wanyuan Henniges employs more than 1,500 people to design, develop and manufacture sealing products for customers, including FAW-Volkswagen Automobile Co. Ltd., FAW Car, Dongfeng Peugeot Citroen and Shanghai Volkswagen.

It recently began providing production parts for a global General Motors program.

"China is a growing automotive industry market and Henniges is focused on supporting key original equipment manufacturers through our unique understanding of the critical nature of the economy, the government influences, the global original equipment manufacturers' needs in emerging markets and global program management," said Margaret Sheng, Henniges Automotive executive vice president of Asian operations.

Establishing sole ownership of Wanyuan-Henniges is one of a number of moves the firm has made in the firm's strategic growth effort. Since November 2013, Henniges has formed strategic alliances with Amee Rubber Industries Pvt. Ltd. and Burkool SA. Both alliances are focused on supporting the growth of key automotive original equipment manufacturers.

Amee is a producer of sealing systems and molded rubber parts for automobiles throughout India. The firm is headquartered in Mumbai, India, and operates a plant in Gujarat, India.

Burkool is a sealing components manufacturer based in Buenos Aires, Argentina.


Comments

Henniges Automotive acquires Chinese joint venture

Rubber & Plastics News

Published: January 22, 2014 11:10 am ET
Updated: January 22, 2014 11:17 am ET

Post Your Comments


Back to story


More stories

Spain's Cristian Lay Group buys two materials units of bankrupt LSB

April 17, 2014 11:11 am ET

Spanish industrial conglomerate Cristian Lay Group has purchased two of the bankrupt Spanish PET packaging group La Seda de Barcelona.    More

Negri Bossi's new owners may 'bring significant manufacturing' to US

April 16, 2014 1:09 pm ET

Italian plastics equipment major Negri Bossi may “bring significant manufacturing of injection molding machines back to the United...    More

Huntingdon Fiberglass launching second line

April 16, 2014 2:18 pm ET

Huntingdon Fiberglass Products LLC is getting set to start up a second production line later this year and hire 15-20 new employees as it sees demand ...    More

New Tigre, ADS JV aims to open more doors for Tigre in US

April 16, 2014 12:15 pm ET

A new joint venture between Tigre S.A. Brazil, a leading PVC pipe maker, and Advanced Drainage Systems Inc., the world's largest high-density...    More

Indorama's purchase of Sasa to give wider access to multiple markets

April 16, 2014 10:07 am ET

PET maker Indorama Ventures Public Co. Ltd. is expanding in Turkey with the acquisition of a majority of Sasa Polyester Sanayi.    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Automotive Market Review and Outlook 2014 The Americas

This 75-page report features in-depth analysis of the automotive industry for the Americas. It includes discussions of market trends, legislative/regulatory activity impacting production and threats as well as design strategies being implemented by the major automakers. Detailed charts and data tables outline North American automotive production over the last five years.

Learn more

Plastics Building & Construction Market Review and Outlook 2014 with MS Excel chart data

This report provides in-depth analysis of the plastic building and construction market for North America, including discussions of trends, opportunities, threats and the latest developments in construction trends that impact plastics processors.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events