Magna forms Chinese joint venture for front end systems

By Rhoda Miel
News Editor

Published: February 7, 2014 11:27 am ET
Updated: February 7, 2014 11:29 am ET

Related to this story

Topics Joint Venture, China, Automotive
Companies & Associations Magna International Inc.

Canadian auto supplier Magna International Inc. has created a joint venture with Chongqing Guangneng Rongneng Trim Co. Ltd. to produce front end systems in Hangzhou, China.

The companies will be 50-50 partners of Magna Guangneng Automotive Trim System. Magna is based in Aurora, Ontario, and Chongqing Guangneng is based in Chongqing.

The new plant will assemble and sequence front end modules for automakers in China. Joe Pittel, global president of Magna exteriors, interiors and seating said in a Feb. 4 news release that the new venture recognizes China’s continuing importance in the global auto industry.

Front end modules typically include plastic bumper fascias, lighting, and heating and cooling elements.


Comments

Magna forms Chinese joint venture for front end systems

By Rhoda Miel
News Editor

Published: February 7, 2014 11:27 am ET
Updated: February 7, 2014 11:29 am ET

Post Your Comments


Back to story


More stories

Image

China's Zhongtai Chemical calls off large-scale PVC project

September 12, 2014 2:16 pm ET

Accepting the gloomy reality of the PVC market, Xinjiang Zhongtai Chemical Co. Ltd. has officially canceled a 800,000-ton PVC resin project and...    More

Image

Faurecia Seating grows in Kentucky

September 12, 2014 12:00 pm ET

Faurecia Seating LLC, a division of French-based Faurecia SA, will build a new manufacturing facility in Simpsonville, Ky.    More

Image

Behr-Hella set to open Bulgarian auto parts plant

September 12, 2014 10:20 am ET

German automotive components manufacturer Behr-Hella Thermocontrol (BHTC) is set to launch a new 22 million euro ($28.4 million) vehicle air...    More

Image

China's top plastics processors named

September 10, 2014 5:46 pm ET

China National Light Industry Council has released its annual rankings of plastic processors.    More

Image

Executive pay driven by performance-based incentives

September 10, 2014 5:09 pm ET

The CEO of an automotive parts giant again tops the annual Plastics News list of highest-paid industry executives, and it's the cash and stock bonuses...    More

Market Reports

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events