Thyssenkrupp has opened a new 2,000m² development center for engine components in Dalian, China, at a cost of around US$10.9m (€10m).
The facility is situated on the grounds of the company’s existing production site in Dalian where it has manufactured assembled camshafts and cylinder head cover modules since 2005.
“With the new development center we want to serve our customers in China with even better customized and more efficient products. The needs of OEMs in China are growing steadily – especially with regards to CO₂ and other emissions standards. We want to support them locally with customized development work,” explained Karsten Kroos, CEO of Thyssenkrupp’s components technology division.
In recent years the Chinese market has become more important for the company’s automotive activities. In the past fiscal year alone, the component division increased its sales in China by around 8% to US$1.1bn (€1bn). Orders from Chinese auto makers are playing a key role as China continues to lead global growth in the auto industry.
April 25, 2017