As International Automotive Components (IAC) established a new JV in China, its chairman, billionaire investor Wilbur Ross, has suggested the firm is looking to double its Asia business over the next two years.

“IAC will nearly double its book of business in Asia over the next two years with a significant portion of this growth coming from incremental customer and product penetration in China,” said  Ross.  “Our new Beijing plant provides the strategic manufacturing footprint that allows IAC to continue supporting its customers’ needs in the rapidly growing Chinese market.”

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

IAC Songjiang is a 50/50 joint venture formed between IAC Asia and Shanghai Car Carpet Plant (SCCP), an established supplier of vehicle carpeting products in the region.

IAC’s Beijing facility is part of the IAC Songjiang joint venture and will generate up to 80 new manufacturing positions.

IAC has 14 facilities in Asia, serving a list of OEM customers such as Toyota, Honda, Nissan, Daimler, Mahindra, Volkswagen, Huatai, Shanghai Automotive Industry Corp. (SAIC) and Shanghai General Motors.

See Also:

IAC says it will significantly expand its capabilities in China with the recent production launch of its new 4,300 square meter manufacturing facility in Beijing. 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The facility will manufacture vehicle interior components and systems, including carpet and trunk trim for Beijing Benz-Daimler Automotive Co. Ltd. as well as carpet for Shanghai General Motors. Manufacturing processes including compression moulding, foaming and water-jet cutting technologies will be used for customer applications at this location.