A Spanish company is joining the growing trend of component suppliers opening factories in China.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


CIE Automotive is to invest EUR3m in the factory, which will employ 100 people and open in the first half of next year.


According to the Basque news website eitb24.com, the new 2,400 square-metre factory, owned outright by the Azkoitia-based group, will be located near Shanghai.


CIE will use the new site to stamp and sub-assemble automotive components,


The supplier’s nine-month operating profits, reported by just-auto on 27 October, soared 54% to EUR 47.3m – fuelled by strong demand from international markets.

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.

Revenues increased 19% to EUR 656m.


Rising demand from emerging markets in Brazil, Czech Republic and Mexico along with operational efficiencies, helped boost the bottom line, the company said.


The Basque industry group employs 6,000 workers of which 37% are located abroad.