.contact us |.about us
News > Business News ...
Search:
    Advertisement
Delphi to establish new tech centre in Shanghai
( 2003-12-05 23:55) (China Daily)

Delphi, the world's largest automotive components supplier, announced on Friday it will open two new technical centres in China and South Korea to further facilitate its expansion in Asia Pacific.

The US-based company said its initial investment in the two new technical centres will be US$40 million.

Once the two projects are completed, Delphi will have six technical centres in Asia Pacific -- Japan, Singapore, India, South Korea and China.

"Our customers want increased local support in Asia-Pacific, and we're going to give it to them,'' said Donald Runkle, Delphi vice-chairman and chief technology officer.

"These new technical centers will provide our customers with stronger levels of technical support, provide us with a more robust value stream and optimize the return on our research and development expenditures,'' Runkle said.

The new centre in China will be located at Delphi's wholly owned entity in Shanghai, the nation's biggest economic powerhouse, the company said.

The centre will start operating with 500 employees in June 2005.

"Asia Pacific continues to generate profitable growth for Delphi and plays a critical role in Delphi's customer and market diversification strategies," said Choon T. Chon, president of Delphi's Asia Pacific Operations.

The company said its sales growth rate in Asia Pacific so far this year has exceeded that of last year.

Last year, sales grew by 20 per cent to US$1.1 billion in the region.

In China, Delphi has reported a growth rate of nearly 40 per cent in sales so far this year, up from 30 per cent last year.

Delphi operates 13 wholly owned manufacturing facilities and 17 joint ventures in Asia Pacific.

The company has 10 wholly owned and joint venture plants in China, the world's fastest-growing vehicle market.

 
Close  
   
  Today's Top News   Top Business News
   
+36 killed in train blast near Chechnya
( 2003-12-05)
+US lift of steel tariffs welcome
( 2003-12-05)
+Olympic logo's rights stir debate
( 2003-12-05)
+Report ranks domestic brands
( 2003-12-05)
+Beijing protects minors through legislation
( 2003-12-05)
+Power giant to issue bonds
( 2003-12-05)
+Delphi to establish new tech centre in Shanghai
( 2003-12-05)
+China to revise lending policy
( 2003-12-05)
+HK economy to grow 4 pct next year
( 2003-12-05)
+Chinese residents welcome gold trade
( 2003-12-05)
   
  Go to Another Section  
     
 
 
     
  Article Tools  
     
 
 
     
  Related Articles  
     
 

+Auto giant plans to build new plant
2003-12-02

+BMW to launch China-made 5-series in China
2003-11-28

+80% of Volkswagen's profit comes from China
2003-11-27

+Top auto brands go on show
2003-11-26

 
     
   
        .contact us |.about us
  Copyright By chinadaily.com.cn. All rights reserved