NOVI, MI — Tower Automotive has officially opened a new facility for its joint venture operation in Wuhu, China.
Tower Automotive owns 80 percent of the joint venture, which is called Tower Automotive (Wuhu) Company Ltd. The remaining 20 percent is owned by Chery Automotive Company, a Chinese vehicle manufacturer. The joint venture supplies structural suspension components and other stamped assemblies, most of which are e-coated by the company, to Chery. The joint venture was established in March 2003 and has been operating in leased facilities while the new building was under construction.
The new facility covers 28,000 square meters and has 200 employees.
“This represents a significant step forward for the growth of our business in Asia,” added Tower Automotive President and CEO Kathleen Ligocki. “With operations in Korea, Japan and India as well, we are building a significant footprint in a region where the automotive industry is growing rapidly.”
To learn more about Tower Automotive, visit: www.towerautomotive.com.
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