PKC forms JV with Huakai in China
Subject to regulatory approval and expected to be finalised by the end of 2015
Finnish automotive wire-harness supplier PKC Group has signed an agreement to form a joint venture (JV) with Jiangsu Huakai Wire Harness Company. Huakai currently develops and manufactures electrical distribution systems for trucks, construction vehicles, and buses in China and counts Beijing Foton Daimler Automotive, Kinglong, and Iveco as customers. In a company presentation, PKC Group stated that the new JV, the agreement for which was signed on 28 March, will have a total equity value of CNY300 million (USD48 million), of which PKC Group will contribute CNY150 million. The JV will be owned 50:50 between PKC and Huakai.
Thank you for visiting S&P Global AutoTechInsight.
*A subscription to News & Analysis includes four S&P Global-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Domains. Please click here to subscribe.
To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.
Already a subscriber? Please log in here
