BRG Townsend Automotive NewsWire, citing Japan’s Nihon Keizai Shimbun newspaper, said that three major suppliers of auto parts to Nissan have announced expansion plans that involve the establishment of new facilities in China.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
According to the report, Yorozu Corp. will invest about $US25 million to build a plant that will manufacture drive train components in a plant will most likely to be in the area of Guangzhou which will be built with a Chinese joint venture partner as is customary there.
The Automotive NewsWire report said another Japanese firm, Unipres Corp., has also announced plans to establish a wholly owned subsidiary in China to manufacture pressed steel parts – Unipres recently established a plant to support Nissan in Forest, Tennessee and its China plant will also be located in Guangzhou.
Finally, BRG Townsend’s report said, Ichikoh Industries Ltd., which manufactures lighting systems, is establishing a facility in China to produce headlights for Nissan, though the company did not say where the plant would be located. Ichikoh’s largest shareholder is Valeo and the two are reported to be negotiating possible joint production in China.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
