Shanghai Shenda forms JV with IAC in soft trim and acoustics supply business


International Automotive Components (IAC) and Shanghai Shenda have signed an agreement to form a global joint venture (JV) partnership to supply soft trim and acoustic products to automotive original equipment manufacturers.

A UK affiliate of Shenda will acquire a 70% stake in the UK-based JV valued at US$570m, while IAC, a supplier of automotive components and systems, including interior and exterior trim, will maintain a 30% stake.

The JV, which will be named at a later date, expands an existing JV partnership between affiliates of IAC and Shenda, which is one of China’s largest automotive interior suppliers, spanning nearly two decades.

For the full story, see the February 2017 edition of MobileTex. Not a subscriber? Sign up HERE