Press Release / Government / Zanini to Manufacture Wheel Rims in China and India in 2014
Zanini to Manufacture Wheel Rims in China and India in 2014
By Marca Espana on March 15 2013 | 536 Views
The automotive parts manufacturer aims to increase its revenue by 30% by 2017 through new plants.
Madrid, Spain, March 15, 2013 - The automotive parts manufacturer aims to increase its revenue by 30% by 2017 through new plants.
Grupo Zanini, a Catalan manufacturer of wheel trims and other automotive parts, is planning to start production in China and India by 2014 as part of its international plan to grow and expand in the BRIC countries (Brazil, Russia, India and China). These factories will join those it already has in Parets del Vallès, the United States, France, the Czech Republic and Brazil.
It has bought a 14,500-square metre plot for €4.6 million in Changzhou, 180 kilometres from Shanghai. Construction will start on its first plant in the Asian giant in July, and it will become operational in mid-2014. The factory will create 140 jobs and produce between five and six million wheel trims per year.
Zanini will also gain a presence in India by teaming with a partner it already works with in the country, using this company’s factory in Pune. Zanini will be the majority partner in the new company in India, which it plans to set up within a similar time frame as the Chinese one.
This Catalan company, which started to internationalise in 1998, and currently manufactures over 75% of its production outside Spain, estimates that business at these new plants will help to increase its revenue by about 30% by 2017. Last year, Zanini posted revenue of €109.1 million – €1 million less than the year before – due to the slowdown in sales in Europe.
Press Contact:
Marca Espana
Media Relations
Marca Espana
Serrano Galvache, 26 28033 Madrid, Espana.
512-212-1139
marcaespana@vos-us.com
http://marcaespana.es
|
| Latest Exclusive Press Release |
|
