Amberg, Germany - Grammer AG and Jiangsu Yuhua Automobile Parts Co. Ltd, an established Chinese supplier of parts for commercial vehicles and passenger cars, will establish a joint venture to make truck and bus seats in China.
Grammer will hold 60 percent of the new corporation - Grammer Seating (Jiangsu) Co. Ltd, which will be located in Jiangyin, China. Yuhua has a 40 percent stake.
The German seating and interiors group said this new JV offers it "a quick and long-lasting entry in the world biggest market for commercial vehicles and is therefore another important milestone of Grammer's growth strategy."
Yuhua provides a new manufacturing site and will, among other things, bring its existing truck-seat business and a well-established customer base into the joint venture, Grammer added. Together with Yuhua, Grammer said, it will be able to produce "market-specific seat-types locally and distribute them to local and international customers."