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04-29-2008

Peguform: Expansion in China

The Peguform Group is acquiring majority interest in Changchun Peguform Automotive Plastics Technology Co. Ltd. (CPAT) – a joint venture between the Peguform Group and the Chinese automotive supplier CAIP headquartered in Changshu near Shanghai. The joint venture CPAT reported annual sales of about EUR 40 million from plastic interior components – primarily door panels.

This represents a further step by the Peguform Group to expand globally, with the objective of being able to supply its customers globally. In addition, this can be viewed as a first step by Peguform to participate in the rapidly growing market in China.

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