European auto supplier to build its largest factory in E China

Updated 2018-03-09 10:16:05 Xinhua

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 has announced.

With a total investment of 100 million U.S. dollars, the new factory will mainly manufacture auto parts, including suspension systems and axles, for commercial vehicles, according to the company.

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, the company said.

The construction will be completed before 2019, and is expected to generate 600 million yuan (94.8 million U.S. dollars) in revenue every year when in operation.

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

SAF-Holland is the largest independent listed supplier to the commercial vehicle market in Europe. It has locations in 28 countries and is active on six continents.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58September 21 2018 07:57:58

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16September 21 2018 07:57:58

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18September 21 2018 07:57:58

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords