In response to the rapid growth in China vehicle production, Autoliv Inc. has started construction of a completely new factory building in Changchun that will replace the Company’s existing plant in this city in Northern China.
The new plant will more than double the existing floor space. The cost for the new plant will be $6 million.
Autoliv’s Changchun plant manufactures seatbelts, frontal airbags and side airbags for FAW-Volkswagen Automotive Co., FAW Car Co., Great Wall Motor Co., Bejing Benz Automotive Co., BMW Brilliance Automotive Co., and Shanghai GM (Shenyang) Norsom Co. The plant has approximately 450 employees.
Recently, Autoliv also announced an extension of its electronics plant in China. The Company has ten facilities in China, including a technical center with a crash tests facility for complete vehicles. The Company has 5,500 employees in China, and the Chinese market accounted, in 2010, for 11% of the Company’s sales.