Magneti Marelli to produce shock absorbers in China
August 8, 2011
Magneti Marelli SpA, the Italian automotive supplier, has formed a 50:50 joint venture with Wanxiang Qianchao Co to manufacture shock absorbers in a new plant in China’s Zhejiang Province.
The $21 million plant is expected to start production in 2015 and will have an initial annual output of 5.7 million units. Shock absorbers are an important user of Powder Metallurgy (PM) parts such as pistons and rod guides.
Magneti Marelli already has plants in Shanghai, Guangzhou, and Wuhu, and has formed a joint venture with SAIC Motor Co to produce hydraulic components for automatic transmissions.
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