Rheinmetall Automotive inaugurates new plant in China

Rheinmetall Automotive has, together with its Chinese joint venture partner HUAYU Automotive Systems (HASCO), inaugurated new plant in Guangde in the Chinese province of Anhui, northwest of Shanghai.

This is the sixth location of the joint venture in China, and its range of products will include aluminium cylinder heads.

Rheinmetall Automotive, China's biggest manufacturer of cylinder heads, has an annual production volume of around 5.5 million units. The new plant will bring the company's production capacity to over one million units in 2018.

The new plant of HASCO KSPG (Guangde) Nonferrous Components Co. Ltd will generate sales of 560 million RMB (equivalent to around €70 million). Over the next five years, annual cylinder head production is planned to almost double.

In addition, the plant will utilize the sophisticated and premium-grade low-pressure casting technique for the production of electric housings for electric vehicles destined for the Chinese market.

Horst Binnig, CEO of Rheinmetall Automotive AG, said: "With this new plant, we are laying the foundation for the lasting participation of our companies in a strongly expanding and sustainable submarket within the mobility segment. In addition, we are proactively sharing in the further growth of this country's electric mobility segment and establishing ourselves as a serious player in this forward-looking technology."

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