Henniges Automotive Acquires Sole Ownership of Chinese Joint Venture
Henniges Automotive Holdings, a leading supplier of highly engineered sealing and anti-vibration systems for the global automotive market, announced it has acquired the remaining 40 percent of Beijing Wanyuan-Henniges Sealing Systems Co., Ltd. from its Chinese joint venture with China Academy of Launch Vehicle Technology (CALT).
Establishing sole ownership of Wanyuan-Henniges in China is the latest move in the company’s strategic growth efforts. Since November 2013, Henniges Automotive has signed strategic alliances with Amee Rubber Industries in India and Burkool in Argentina, leveraging the long-established relationships and capabilities of its partners with Henniges technical knowledge and expertise in global product adaptation sealing solutions.
The Chinese entity will now operate under Henniges Automotive. The joint venture, Wanyuan-Henniges, began in 1995 to become a major sealing systems producer in China with five locations throughout the country including Beijing, Changchun, Chengdu, Tianjin and Teiling. Wanyuan-Henniges employs more than 1,500 people to design, develop and manufacture sealing solutions for its key customers including FAW-Volkswagen Automobile Co. Ltd., FAW Car, Dongfeng Peugeot Citroen (DPCA) and Shanghai Volkswagen. Most recently, it began providing production parts for a global General Motors program.
About Henniges Automotive
Henniges provides automotive original equipment manufacturers (OEMs) with sealing systems for doors, windows, trunks, lift gates, sunroofs and hoods. The company also supplies the automotive market with anti-vibration products, encapsulated glass, and other rubber components. Henniges sells to all major Automotive OEM customers and operates facilities in North America, Europe, and China. The company has over 6,500 employees worldwide.
More info at: www.hennigesautomotive.com
Category: General Update
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