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Singapore's auto parts makers are increasingly optimistic about the Chinese market and are starting to march to China. A few days ago, Singapore's famous Aettek Engineering Co., Ltd. (AMTEK) signed a cooperation agreement with China's Nanhui Industrial Park, and decided to establish “Ante Metal Forming (Shanghai) Co., Ltd.†in Nanhui Industrial Park. This is by far the first Singaporean company to establish such a large-scale automobile parts production plant in China. According to the cooperation agreement, Ante Engineering Co., Ltd. will invest 21 million U.S. dollars in the next five years and build a factory area of ​​45,000 square meters in Nanhui Industrial Park. After full operation in 2005, the company will begin to manufacture and assemble automotive parts such as door locks, windows, drive shafts, transmission gears, universal joints and special automotive fasteners. The products will be supplied to the Chinese and global markets. . News Source: Auto Parts Business Network
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