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 Automotive, China, Joint Venture
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

Magna expanding interiors site in Slovakia

July 29, 2014 1:47 pm ET

Magna International Inc. plans to nearly double the size of its manufacturing facility in Trnava, in western Slovakia, to accommodate new automotive...    More

Magna hiring at two Michigan locations

July 28, 2014 11:43 am ET

Magna Interior Trim Components is adding a total of 169 jobs to two of its Michigan manufacturing facilities.    More

Image

Metals and plastics company NN to buy Autocam in $300 million deal

July 25, 2014 10:07 am ET

A Tennessee metals and plastics company said it has agreed to acquire auto parts supplier Autocam Corp. in a deal valued at $300 million.    More

Image

Chinese auto suppliers growing in US

July 24, 2014 4:17 pm ET

Two China-based automotive suppliers are expanding in the U.S., according to information released by the Michigan Economic Development Corp.    More

Image

Asia to remain chemical giant but US shale will bring competition

July 23, 2014 1:00 pm ET

A new IHS Chemical report on global spending for chemical production predicts capacity additions will peak in 2014 at $120 billion and then will begin...    More

Market Reports

Plastics Recyclers Data Report & Directory

This exclusive MS Excel database contains all the companies from Plastics News' ranking of top North American Recyclers and Brokers by reprocessed volume and also includes a directory with materials processes, services offered and company contact information. Data is based on primary research by PN editorial staff.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

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

Upcoming Plastics News Events

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

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

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

More Events