Seating plant for Grammer in China

Germany-based Grammer and Chinese supplier of components for commercial vehicles and passenger cars Jiangsu Yuhua Automobile Parts have entered into an agreement to establish a joint venture for the production and distribution of truck and bus seats in China. 60% of the new joint corporation Grammer Seating, located in Jiangyin, China, will be held by Grammer. Yuhua has a 40% stake.

The new joint venture offers Grammer a quick and long-lasting entry in the world biggest market for commercial vehicles and is therefore another important milestone of Grammer’s growth strategy.

Yuhua provides a new manufacturing location and will, among other things, also bring its existing truck-seat business and a well-established customer base into the joint venture. Together with its partner Yuhua, Grammer now is able to produce market-specific seat-types locally and distribute them to local and international customers.

(IMA)


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