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European auto supplier SAF-Holland plans to build its largest factory in east China

Auto News - Published on Tue, 13 Mar 2018

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Xinhua reported that the European auto supplier SAF-Holland plans to build its world's largest factory in Yangzhou city in east China's Jiangsu Province, the city government announced. With a total investment of USD 100 million, the new factory will mainly manufacture auto parts, including suspension systems and axles, for commercial vehicles, according to the company.

The company said that it will be located in the economic and technological development zone of the city, and will include a 46,000 square-meter workshop, and a 20,000 square-meter warehouse.

However, the construction will be completed before 2019, and is expected to generate CNY 600 million in revenue every year when in operation.

Mao Guoxin, CEO of the company's China operations, said that "Yangzhou has a solid industrial base, and its water and land transportation are both convenient. And we have a lot of business partners around the area."

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Posted By : Rabi Wangkhem on Tue, 13 Mar 2018
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