Inergy Automotive Systems: New Factories in China and India
Solvay announced that its affiliate Inergy Automotive Systems is building a new fuel systems plant in the Beijing region, China, and one in the Chennai region, India. The Beijing factory will serve a production plant operated by Hyundai as from July 2010 and the Chennai factory will supply a car plant in the Bangalore region operated by a big Japanese car manufacturer. The new production units are constructed to serve the fast-growing automotive industry in this part of Asia.
In 2008, China became the largest automobile producer in the world with a market share of 17.2%, ahead of Germany with 14.7% and the United States with 14.6%. According to the China Association of Automobile Manufacturers passenger-vehicles sales rose 7.3% to 6.76 million units in 2008 while sales of commercial vehicles rose 5.3% to 2.62 million units. It forecasts that total sales in 2009 will top 11 million units.
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