Auto Part Industry Thrives in SIP
Auto part industry has risen as a new and flourishing growth point in SIP. On May 12, Delphi Saginaw Steering (Suzhou) Co., Ltd., the second Delphi-invested project in SIP, held a groundbreaking ceremony only 8 months after the commencement of operation of the first Delphi plant.
On the same day, an opening ceremony was held at the site of Metaldyne (Suzhou) Co., Ltd., another auto industrial facility in SIP, invested by Metaldyne Inc., which expects an annual turnover of USD 100 million once the operation goes onto full scale. Mr. Zhou Weiqiang, Executive Member of CPC Suzhou Municipal Committee and Vice-mayor of Suzhou, attended the opening celebration ceremony. Latest statistics from SIP authorities show indicate that a cluster of nearly 70 auto industrial enterprises, including the Delphi and Metaldyne plants, has been formed in SIP, which registered USD 1.2 billion in total output value last year.
Delphi Company, located in Michigan State, USA, is a world leader in automobile electronics and transportation components and systems technology, with more than 200 plants in 34 countries. The company began investment in SIP back in 1995, when it set up Deco** Electronics C. In April 2005, Delphi invested in Delphi Electronics (Suzhou) Co., Ltd. to manufacture electronic components for audio, power and safety systems of automobiles. Last October, Delphi's steering system production line was transferred from Shanghai to SIP, and now Delphi invested another USD 45 million to build the second Delphi plant, Saginaw Steering (Suzhou) Co., Ltd., scheduled for operation in July next year.
Metaldyne is relatively new in the auto parts market, but as a supplier of engine and chassis parts, its products are being applied in the award-winning GM Aura and Chevrolet Silverrado models and other famous-brand vehicles, and its 38 manufacturing bases are spread over 14 countries. The Metaldyne plant under construction in SIP will chiefly produce modules for crank shock absorber, powder alloy components, die-casting parts, for engines and chassis. Its customers include BBDC of Beijing, Chery, Dongfeng Peugeot-Citron, GM of Shanghai, and Southeast, etc.
June 13, 2007