New joint venture with China's Beijing Automotive Industry Company
OEM supplier Plastic Omnium (PO, Levallois / France; is strengthening its market position in China. To that effect, PO subsidiary Plastic Omnium Auto Inergy ( a former joint venture with Solvay which PO acquired last year (see of 30.07.2011) has entered into a joint venture with Beijing Hainachuan Automotive Parts Company (BHAP, Beijing / China;, itself a subsidiary of Beijing Automotive Industry Company (BAIC, Beijing / China;

The French group will hold a 60% majority in the new company, to which it will also contribute its production plant in Beijing. PO said the transaction would strengthen its growth potential in China.
14.07.2011 [219829-0]
Published on 14.07.2011
German version...German version of this article...

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