MOSCOW (MRC) -- Yanfeng Automotive Interiors (YFAI) has announced that it will establish a new manufacturing site in Plana nad Luznici, Czech Republic, according to GV.
According to YFAI, construction work on the new plant will start soon. Operational start is planned by early 2018. The company says it plans to create about 300 new jobs in the region.
“With our new location in South Bohemia, we are responding to market demand and our customers’ increasing presence in Eastern Europe,” said Jochen Heier, Vice President and General Manager, Europe & South Africa at YFAI.
On around 20,000 m2 production area the company will manufacture interior components, including instrument panels and door panels, for future models of different customers. The plant will be set up to adapt flexibly to the capacity requirements of YFAI and its customers and enable the company to respond to continued growth in the automotive market.
The new plant in the South Bohemian region is not YFAI’s first presence in the Czech Republic. The company already operates a plant in Zatec as well as other sites in Slovakia and Hungary in Eastern Europe.
As MRC wrote before, in July 2014, Nexen Tire Corp., South Korea's smallest tiremaker, announced that it aimed to make inroads into the European market by spending 1.2 trillion won (USD 1.17 billion) to build a new production plant in the Czech Republic,
YFAI is a supplier of instrument panels and cockpit systems, door panels, floor consoles and overhead consoles. Headquartered in Shanghai, the company has around 100 manufacturing and technical centres in 17 countries and employs over 28,000 people globally. Established in 2015, YFAI is a joint venture between Yanfeng Automotive Trim Systems Co., Ltd, a wholly owned subsidiary of Huayu Automotive Systems Co., Ltd., the component group of SAIC Motor Corporation Limited, and the multi-industrial company Johnson Controls.
MRC