Germany’s Hella to launch Chinese JV plant

Richard Higgs
EUROPEAN PLASTICS NEWS

Published: May 12, 2014 12:36 pm ET
Updated: May 12, 2014 12:38 pm ET

Related to this story

Topics Automotive, Injection Molding, Europe, China

German automotive lighting system producer Hella KGA Hueck is raising its market profile in China with a deal to launch a new joint venture car lighting plant later this year.

Lippstadt-based Hella recently signed an agreement to form the joint enterprise Beijing Hella BHAP Automotive Lighting with Chinese vehicle manufacturer BEAU, part of auto group BAIC International Corp.

The new 50:50 partnership enterprise, with nominal capital of around 30 million euros will exploit the available infrastructure and expand Hella’s existing location in Beijing, turning it into a full service lighting provider, said the German auto component supplier.

Hella will bring its technological expertise to one of Asia’s fastest growing vehicle manufacturers enabling the enterprise to develop and produce lighting specially tailored to suit the Chinese market, it said.

Following the launch of another Hella production unit at Jiaxing in China, the company established in January a special department for China. “China is a tremendously important market for Hella,” stressed its head and managing director of the Hella Chinese companies Jörg Buchheim.

The German lighting specialist, in the Chinese market since the 1980s initially using licence and cooperation agreements, today employs 4,500 at 10 development, production and administration sites. In the fiscal year 2012/13 the Chinese market generated 8 percent of its total sales.


Comments

Germany’s Hella to launch Chinese JV plant

Richard Higgs
EUROPEAN PLASTICS NEWS

Published: May 12, 2014 12:36 pm ET
Updated: May 12, 2014 12:38 pm ET

Post Your Comments


Back to story


More stories

Image

Super typhoon ravages South China

July 21, 2014 3:58 pm ET

Super Typhoon Rammasun, the most powerful typhoon that has landed in China in four decades, has left parts of South China devastated, and the local...    More

Image

Windmöller & Hölscher looking to continued growth in China

July 21, 2014 3:40 pm ET

With 2013 global sales of 600 million euros, China has grown into an important export market for Windmöller & Hölscher KG, second only to the United...    More

Image

Illinois injection molder expands

July 21, 2014 1:23 pm ET

Automotive supplier All-Rite Industries Inc. has added two new injection molding machines to its operations.    More

Image

More head-up displays going into cars, with improved information, graphics

July 21, 2014 10:48 am ET

Head-up displays with "augmented reality," the technology that employs much of the windshield as a display area for data and images, is poised to...    More

China launches investments in Belarus

July 21, 2014 10:10 am ET

China is preparing to invest in a major bottle grade PET production project planned by the Belarus PET and polyester fibers producer Mogilevkhimvolokn...    More

Market Reports

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Plastics Recycling Market Review & Outlook 2014

This special report from Plastics News examines the North American plastics recycling industry and provides insight into indicators that impact market viability, including Resin pricing trends for virgin and recycled market material and historical Resin production trends for post- consumer and industrial waste.

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

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

More Events