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MONTUPET Company Invests in Changzhou High-tech District

CHANGZHOU, China, Feb. 29 /Xinhua-PRNewswire/ -- On February 28, the French company MONTUPET signed an agreement with administrative committee of Changzhou National High-tech District, under which, the company will invest USD 29.98 million in the district to develop engine cylinder heads and other automobile parts.

Through careful inspection and investigation, MONTUPET Company finally chose Changzhou National High-tech District in Jiangsu as the initial production base in China. The project will be carried out in two phases. Phase 1 is planned to occupy the land area of 60 mus, with the registered capital of USD15 million, mainly to produce and develop precision castings and raw castings. To date, the company has started to deal with registration procedures. Construction can be expected in the near future.

The MONTUPET Company is specially engaged in producing engine cylinder heads, with a history of more than one century and an annual output of 4 million units. As a leader in this industry worldwide, its factories can be seen in European countries and America.

In 2006, the sales volume of this company was 460 million Euros. While in 2007, the figure is expected to reach 520 million. Its clients include Renault, Volkswagen, Citroen and other major automobile manufactures in the world.

To date, a great many enterprises involved in automobile parts production have chosen Changzhou High-tech District for investment, including the world top 500 enterprises. The Canadian company Magna International Inc. invested in the Power Assembly project and established a research and development center; the American Visteon Company established an automobile lighting system manufacturing factory; the Japanese company BRIDGESTONE established a manufacturing base for shock absorbers and other automobile parts; LEONI AG Group, a company from Germany established an automobile cable production base; Mitsubishi Electric Corporation joined hands with Taiwan Shihlin Electric & Engineering Corp in the development of automobile motors, generators, distributor caps, electronic-controlled fuel injection systems and other products. Chinese-listed Dongfeng Automobile Co., Ltd. set up a factory to produce whole Pick UP cars; Dongfeng Automobile also has some other companies at Changzhou to produce automobile air conditioning tubes, power steering tubes, sensors, bearings, et al. A large-scale automobile parts production chain has been formed in Changzhou High-tech District.

For more information, please contact:

Wang Zhongliang

Changzhou National Hi-Tech District

Tel: +86-519-512-7305

Fax: +86-519-511-5905

Email: w_zongliang@sohu.com

Source: Changzhou National High-tech District
Keywords: Auto
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