Shanghai. March 17 (Gasgoo.com) – Brazil’s bus maker Marco Polo has signed agreement to build an auto parts project in Jiangyin, a city in China’s eastern province of Jiangsu, local newspaper reported today.
The project, which is schedule to start operation by December of this year, will be produce auto parts products for exports. The project is expected to hit total revenue of $100 million in the first year of operation.
In the next five years, the project is expected to reach total revenue of one billion U.S. dollars by selling auto parts products, according to the news report.
