China's spare part market development exceeds that of the global level

"Due to the ever increasing prices of raw materials in the global market, the spare parts business in North America and Europe are almost in a state of contraction, but the Asia-Pacific region, China in particular, is an exception." Last week, top ten global auto parts giants released 2006 financial results, the turnover of TRW Automotive Holdings Corp. were 13.1 billion U.S. dollars, an increase of 4% over the previous year, the Asia-Pacific Chief Executive Edward. L. Carpenter said: "China's vehicle spare parts market growth rate is no less than 10% of the speed of complete car development.

It is noted that there are 14 manufacturers for TRW in China, In order to further expand the market share in China, TRW will make a strategic investment in Northern China: a spare part plant and a research center. Currently, the TRW Group has established offices in Beijing.