New Company Foundation / Plant Commissioning

New Company Foundation, Plant Commissioning

New faces and enterprises in the automotive industry can generate creative ideas and solutions that are important for both transmission specialists and ordinary drivers and users. New plants opened on different territories are worth tracking as well.



At the beginning of February Punch Powertrain officially launched a new plant in Ningbo, China. The facility was completed in early 2018 after eight months of construction activities. It is the 2-nd industrial undertaking of the Belgian company in China.
It has been known for a long period of time that Valeo, the French producer and supplier of auto components and spare parts, has established a 50:50 venture with the Korean company PHC Group. But only recently the official endorsement has been granted after solving all regulatory issues and the deal has been offically confirmed by Valeo officials.