On December 1, Brembo Group Co., Ltd. and Donghua Automotive Industry Co., Ltd. (a member company of SAIC Group) signed a preliminary agreement for the purchase of foundry buildings and equipment at a price of 8.5 million euros to establish a new Brebo in Nanjing. Integrated manufacturing centers, including foundries and processing plants for the manufacture of brake calipers and brake discs for cars and commercial vehicles. The reporter was informed that in order to operate this project, Brebo Group Co., Ltd. has established a new wholly-owned subsidiary, Breeper Foundry (Nanjing) Co., Ltd., which has a registered capital of 100 million yuan (approximately equivalent to 10 million euros). .
After the final approval of the Chinese authorities, the agreement signed between Brembo Group Co., Ltd. and Donghua Automotive Industry Co., Ltd. will take effect on January 15, 2010.
The new manufacturing center will be put into operation in early 2010, and the manufacturing center will have a new processing facility to develop an integrated manufacturing system that can supply high-quality, high-tech braking systems for the Chinese market.
In order to keep up with the growing pace of the Chinese automotive market, Brembo Group will add approximately 20 million Euros to the foundry between 2011 and 2014.
At the same time, the joint venture Breeper Brake Systems (Nanjing) Co., Ltd. (Breheber Group and Donghua Motor Industry Co., Ltd. owns 70% and 30% of the company's equity, respectively) will invest an additional 20 million euros to expand the current Capacity.
At present, Breibur Braking Systems (Nanjing) Co., Ltd. has approximately 300 employees and is expected to achieve a revenue of 22 million Euros in 2009 and will achieve profitability (before EBIT).
The Brembo Group hopes that by 2013, the output of the joint venture's brake discs and brake calipers will increase by a factor of three.
Brebo Braking Systems (Nanjing) Co., Ltd.'s main customers include: BMW, Daimler, Volkswagen, Volvo, Iveco, General Motors, and Mitsubishi (from Mitsubishi since 2010).
Donghua Automobile Industry Co., Ltd. is a large-scale enterprise specializing in the production, service and trade of auto parts. The auto parts produced by the company include automotive forgings, automotive castings, tools and equipment, chassis systems (transmission systems, power systems, braking systems, steering systems, suspension systems, etc.) and instrument clusters. Tung Wah Group's service and trading business includes logistics, raw materials and auxiliary materials trade, import and export trade, and real estate development.
Brembo Group Co., Ltd. is the world's leading manufacturer of automotive brake systems and a recognized automotive brake disc technology innovator. The Brembo Group supplies the world's best-known manufacturers of cars, commercial vehicles and motorcycles with high-performance braking systems, as well as clutches, car seats, seat belts and other auto parts that are used only for racing cars. In addition, Brembo Group is also a leading auto parts supplier in the racing field. More than 200 championships have been won by using Brembo products. At present, Brembo Group is engaged in production and operation in 14 countries on three continents in the world, and has 34 production and business establishments. As of September 30, 2009, the number of employees of the group reached 5,400, of which 8% were engineers specializing in research and development. Product expert. In 2008, Brebo Group's operating income reached 1.06 billion euros. Brebo Group owns brands including Brembo, Breco, Marchesini, Sabelt, and uses the AP racing brand.
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