26th
January 2010 - Brembo Buys
Foundry in Nanjing to Build a New Integrated Industrial Hub
The project will require
investments of approximately €50 million over the next four years;
The objective is to triple the
production of brake discs and callipers for the Chinese market by 2013.
Today, Brembo Nanjing Foundry Co. Ltd.
and Donghua Automotive Industrial Co. Ltd (part of the Saic Group,
China's top manufacturer of cars and commercial vehicles) finalised
agreements for the purchase of foundry plants and equipment.
The agreements will strengthen the Brembo
Group's presence in China by creating an integrated production centre in
Nanjing, including a foundry and a production facility for brake
callipers and discs (for cars and commercial vehicles) that will be able
to offer the Chinese market braking systems built to meet Brembo's
standards of performance, style and comfort.
"The creation of the new industrial hub
in China," confirmed Alberto Bombassei, Brembo's Chairman and CEO, "is
the third important phase of our growth, after ten years of production
in the country.
With the establishment of the new
industrial centre in Nanjing, Brembo will be able to deal with in a
structured manner and efficiently serve China's car and commercial
vehicle market that, in 2009, became the world's largest with
approximately 13.5 million vehicles.
We will continue to invest in China using
a strategy that is typical to our company, based on research and
development, the vertical integration of production and high-quality and
high-performance products."
Brembo Nanjing Foundry paid Donghua
approximately €9 million for its assets.
As a result of the acquisition, the
Brembo Group's presence in China now comprises more than 600 people and
four operational companies:
Nanjing industrial centre, responsible
for foundry activities and manufacturing, with Brembo Nanjing Foundry
Co. Ltd. (100% Brembo S.p.A.) and the JV Brembo Nanjing Brake Systems
Co. Ltd. (70% Brembo Group and 30% Donghua);
Qingdao logistics centre, responsible for
logistics activities, with Qingdao Brembo Trading Co. Ltd. (100% Brembo
International);
Beijing liaison and development office,
with Brembo China Brake Systems Co. Ltd. (67.74% Brembo S.p.A. e 32.26%
Simest); in addition to carrying out promotion and market development
activities, the company owns 42.75% of JV Brembo Nanjing Brake Systems.
Brembo's main customers in China are:
BMW, Daimler, VW, Volvo, Iveco, MG and Mitsubishi.
Donghua Automotive Industrial Co.,
Ltd. is a large enterprise specialized in the key business areas of
auto parts and service & trade. Donghua auto parts products covers
forging part, casting part, tooling and equipment, chassis related
systems (transmission system, powertrain, brake system, steering system,
suspension system etc.), electric meters and trimming. Donghua service
and trade business covers logistics, raw & ancillary material trade,
import and export trade, real estate development etc.
Brembo SpA is the world leader and
acknowledged innovator of the brake disc technology for automotive
vehicles. Brembo supplies high performance brake systems for the most
important manufacturers of cars, commercial vehicles and motorbikes
worldwide, as well as clutches, seats, seat belts and other components
for racing only. Moreover, Brembo is a leader in the racing sector and
has won more than 200 championships. Today the company operates in 14
countries of 3 continents, with 34 production and business sites, and a
pool of about 5,400 employees (as of 30/09/2009), about 10% of whom are
engineers and product specialists active in the R&D. 2008 turnover was €
1.060 million. Brembo is the owner of the Brembo, Breco, Marchesini,
Sabelt brands and operates through AP Racing brand.
Source:
Brembo
Press Release