Metaldyne Set Up A Plant in Suzhou, China
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Aug 02,2007
Metaldyne Set Up A Plant in Suzhou, China
Metaldyne invested $10 million in the project and expects revenues of more than $100 million when the plant reaches full capacity in a few years. With Metaldyne's expected growth in China, the company decide to open another plant by the end of this year, according to Metaldyne Chairman and CEO Tim Leuliette.
"We will invest $30-$50 million in China over the next five years," Leuliette said. "We see great growth opportunity here. In 2006 China represented 0 percent of our revenue. By 2012 it will represent 6-7 percent."That growth is incremental to Metaldyne's growth in other parts of the world.
"There is significant customer interest in Metaldyne's product localization plans in China and we already have a diverse customer base scheduled to launch soon after the plant opens," said Jim Hudak, vice president, sales and engineering - Asia. "We are in discussions with other customers in China and are selectively determining where to put our investment dollars."
Located 46 miles (75 kilometers) northwest of Shanghai, the 92,000-sq.-ft. (8547-sq.-m.) plant will manufacture crankshaft damper assemblies, knuckle and control arm assemblies, aluminum diecast valve bodies and powder metal products. Current OEM customers include Beijing Benz DaimlerChrysler, Chery, Dongfeng-Peugeot-Citroen, Shanghai General Motors and Soueast (pronounced Southeast) Motors.
"We are committed to establishing operations wherever our customers need us and to make sure all our facilities have access to our company's resources worldwide," said JoAnne Ryan, vice president and general manager of Metaldyne China Operation. "The Suzhou operation will coordinate its activities with other Metaldyne plant to ensure an integrated understanding of our customers' needs and demands globally."
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