Inergy Auto Systems starts up JV facility in China
Inergy Automotive Systems, the joint venture between Solvay and Plastic Omnium, has started operations at its new production unit of Wuhan in the Hubei province of China.
The facility has started delivering fuel systems to production plants operated by Nissan and BMW in China, and has been in construction since 2007 (PRW.com 18 April 2007).
Inergy is seeking other opportunities in the Chinese automotive market, in which Solvay sees plenty of growth potential.
In a statement, the French materials group said that China's output of motor vehicles ranked third in the world after Japan and the US in 2007. Chinese production rose 22% to 8.88m vehicles last year, according to statistics from the China Association of Automobile Manufacturers.
Jacques van Rijckevorsel, general manager of the Plastics Sector for Solvay, said: "Inergy Automotive Systems is a global player; with this new plant, it demonstrates once again its ability to serve global customers wherever they operate and to capture sound growth wherever it materialises.
"Our affiliate for fuel systems contributes to Solvay's strategy for sustainable and profitable growth."
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