Automotive safety company Autoliv has started the construction of a new facility in China that will manufacture propellant for its airbags in Asian markets. The cost for the new plant is estimated to amount to US$33m, making it the single largest capital expenditure in the company’s history. The propellant plant will be Autoliv’s 12th manufacturing facility in China.
The new plant is needed to meet the strong long-term growth for automotive safety products in China and other Asian markets. This growth is driven by higher vehicle production and the increasing trend toward more airbags in each vehicle.
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