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Press release

Industrial

Mitec-Jebsen invests RMB54 million further in new plant for car balancers

2010/09/09
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Jebsen and Mitec joint venture first to open facilities in new Dalian development zone to meet growing demand in China’s automotive industry.

Jebsen Group (Jebsen), a leading marketing and distribution organisation for premium products with a unique presence in the Greater China region, together with German partner Mitec Automotive Systems, today unveiled a new, state-of-the-art plant for the automotive parts joint venture – Mitec-Jebsen – built at a further cost of RMB54 million, bringing total investment to over RMB120 million.

The first business to move into the new Haiqing Economic Technology Development Zone in Dalian, the new Mitec-Jebsen plant is expected to attract more investment to the area. The complete 6,500sqm manufacturing facility, which currently has an annual output of 300,000 units, will manufacture car balancer systems for the burgeoning China automotive market and plans to double production to 600,000 units by early 2011.

The joint venture supplies world-class balance shafts to leading manufacturers of premium cars in China. The balance shafts enable a much more comfortable driving experience, effectively making a four-cylinder car feel like a six-cylinder one. Mitec-Jebsen is the first and only foreign balancer producer in China.

"This significant investment in a new manufacturing facility not only reflects the growth of our joint venture’s business, but also our confidence in the future of the China automotive manufacturing market,” said Dr Michael Militzer, founder of Mitec Automotive Systems.

"Drawing on our century of experience and extensive network in this region, Jebsen is fully committed to promoting the development of the industry in China by introducing advanced technologies from overseas. We serve as the bridge for partners interested in realising localisation of their niche technology, and are also proud to support the growth of this new economic zone in northern China,” said Mr Hans Michael Jebsen, Chairman of the Jebsen Group.
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