Yazaki Corporation announced on September 13 the firm established a new automotive wiring harness joint company in China in cooperation with Chinese major automaker, Geely Automobile and Geely Group’s automotive wiring harness maker, Geely Electric Appliance Factory. The joint company will launch the plant construction at the end of September and start commercial supply of automotive wiring harness to Geely Automobile in July 2012. The joint company plans to hire total 3,500 employees and aims annual revenue at 1 billion yuan (approximately 12 billion yen) in 2016.
The joint company is headed in Cixi City, Zhejiang Province of China. The capital fund is 75 million yuan, 60% of share controlled by Yazaki (China) Investment Corporation, Yazaki’s wholly-owned subsidiary in China, and rest 40% by Geely Group.| M | T | W | T | F | S | S |
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