Shanghai GKN Building Axle Plant in China

Resource from: CBCC Likes:2916

Jul 13,2009

Shanghai GKN Driveshaft Co. Ltd. (SDS) announced it will build a Yuan 500 million (USD $73 milllion) manufacturing plant to produce complete driveshaft assemblies in the Northeast China city of Changchun, home of FAW Group. It will be SDS' third wholly-owned plant, producing driveshafts (halfshafts with CV joints) for the OEM automotive and truck market in China. The company's other plants are in the Shanghai Pudong Kangqiao Industrial Zone, in Shoupu and Kangqiao. The company also owns a majority stake in a plant in Chongqing through GKN Driveshaft. Groundbreaking is set for late 2009. When complete, it will reportedly be the largest factory of its kind in northeast China. SDS entered the Chinese market in 1988. Ownership is shared by GKN Driveline International GmbH (50%), SAIC Group(35%), State Development & Investment Company (10%) and Bank of Communication, Shanghai Branch (5%). The company currently employs more than 2,000 workers. SDS sells its OE drive shift products to more than 30 automakers in China, including local operations of Volkswagen, Ford, GM, Fiat, Toyota, Nissan, Suzuki, JinBei, Peugeot-Citroen, BMW, Daimler Benz, Isuzu, Honda, and Mazda.

()

【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.

Add to My Favorites

[Close the window]

Previous Yunhe：A Technical Innovation of Xingchang Bearing Fills in a Domestic Gap
Next KML Online Stock List Attracted Wide Attention from Customers

BRIEF INTRODUCTION

Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.

Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.

China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.