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04.22 PPT Joint Venture China PHP e.pdf

04.22 PPT Joint Venture China PHP e.pdf

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Published by PresseBox
[PDF] Press Release: Rheinmetall affiliate setting up another joint venture in China
[http://www.pressebox.de?boxid=590415]
[PDF] Press Release: Rheinmetall affiliate setting up another joint venture in China
[http://www.pressebox.de?boxid=590415]

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Published by: PresseBox on Apr 22, 2013
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04/22/2013

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KSPG AGCorporate Communications
 
· 
Karl-Schmidt-Straße
 
· 
74172 Neckarsulm
 
· 
 Tel. +49 7132 33-3141
 
· 
Fax +49 7132 33-3150
 
· 
www.kspg.com
press release
April 22, 2013
Rheinmetall affiliate setting up another joint venture in China
Pierburg Pump Technology GmbH of Neuss, Germany, a company of KSPG AG, theRheinmetall Group’s Automotive arm, has joined forces with Shanghai XingfuMotorcycle Co., Ltd., which belongs to Huayu Automotive Systems Co., Ltd. (SAICGroup), to set up a joint venture to manufacture and market pumps for automotiveapplications. Each party holds a 50-percent stake in the new Shanghai-basedventure, Pierburg Huayu Pump Technology Co., Ltd. (PHP).PHP will specialize in innovative pumps for the Chinese auto market. The lineupincludes variable-flow oil pumps, electric oil pumps for transmissions, on-demandcoolant pumps for the main circuits as well as electric recirculating water pumps forsecondary circuits used for charge-air or recirculating exhaust gas cooling.Completing the venture’s product range are high-efficiency vacuum pumps.Supported by Pierburg Pump Technology’s European R&D units, PHP will have itsown application development department and a test & prototype center in China toenable customer-specific products to be developed locally.Presently, the new company is building a 4,000 m² production facility in the industrialzone of Yuepuzhen in the northern Shanghai area. At the turn of 2013/14, the firstproduction lines and test systems for recirculating-water and vacuum pumps will beinstalled.Since 1997, the KSPG Group has been represented in China by several jointventures and wholly-owned subsidiaries. This international first-tier auto-industrysupplier has presently 10 locations in and around Shanghai as well as in Yantai. The50-50 joint ventures at their altogether six locations have alone a workforce of over3,500. Sales by these companies in 2012 amounted to €390 million, 30 percentabove the 2011 level.

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