Magna expands in China; Teijin honoured for CFRPs

摘要

Canada-based automotive parts supplier Magna International has expanded its presence in China by forming a joint venture to acquire an existing injection moulding and painting facility in Wuhu. The three-party joint venture, called MCC Wuhu Exteriors, consists of Magna Exteriors and Interiors (51%), a subsidiary of Magna, Changshu Automotive Trim (34%) and Chery Tech (15%).