GF Automotive, a division of GF, is increasing its manufacturing footprint in China by 50%. The division completed end of 2014 the extension of its iron foundry in Kunshan for a capacity increase of 50%. It is also building its fourth light metal facility in Suzhou to add up 50% more capacity in this plant by the end of 2015.
China has become the largest car market in the world in the past few years. The demand for car components remains very strong in that country, especially for lightweight solutions to reduce CO2 emissions.
The ongoing investments of GF Automotive, amounting to more than CHF 40 million, aim at addressing the growing demand for locally produced lightweight structure and powertrain components. With these new investments, more than 20% of the turnover of GF Automotive will be realized in China.
GF Automotive is one of the leading automotive suppliers worldwide specializing in lightweight solutions for the automotive industry. It produces more than 600 000 tons of iron, aluminum and magnesium components at nine production plants in Germany, Austria and China.
Source: +GF+
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