Automotive components company of the CIR Group, Sogefi has announced a project to start coil spring production for passenger cars in China at the end of 2018.
The purpose of the initiative is to meet the increasing demand for coil springs in China, in view of the growth forecasts for the local car market, the gradual replacement of leaf springs and the higher technical standards required by local manufacturers.
Laurent Hebenstreit, CEO of Sogefi, said: “This new investment allows us to complete our offer of suspension components in China.
“This will create new opportunities for Sogefi’s development and profitable growth in the world’s largest car market.”
A new 8,000 square-metre plant will be built in Wujiang, in the Shanghai area, on the existing industrial site that currently hosts a 15,000 square-metre stabilizer bar factory, which started operating in 2014.
When the coil spring plant is fully operational, the Wujiang suspension site will generate € 70 million in annual sales and employ more than 300 people.
For more details go to Sogefi’s online product information bulletins; www.purflux.com, www.coopersfiaam.com, www.fram-europe.com, www.sogefipro.com.
