Gnotec has signed an agreement with Volvo Car Corporation regarding deliveries of pressed metal components to Volvo Cars’ new plant in Chengdu, China.
Based on this order, Gnotec has decided to start a new manufacturing plant in the city of Kunshan in eastern China. Preparations for the production are taking place and production is planned to start during autumn 2013.
The establishment in China is part of the offensive international drive of the group. A sales and purchasing office was set up in Shanghai during spring 2012, aiming at supporting Gnotec’s customers on the rapidly growing local market.
Stefan Ottosson, President and CEO of Gnotec, comments on the establishment: “The order from Volvo Cars is an important corner stone in the startup of our Chinese operation and makes it possible for Gnotec to take the next step in our internationalisation plan.”
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