ThyssenKrupp Invests in Engine Project at Changzhou National Hi-Tech District in China

ThyssenKrupp Invests in Engine Project at Changzhou National Hi-Tech District
                                   in China

PR Newswire

CHANGZHOU, China, April 17, 2013

CHANGZHOU, China, April 17, 2013 /PRNewswire/ -- On April 12, German
industrial giant ThyssenKrupp started construction of its engine facility in
Changzhou National Hi-Tech District (CND), Changzhou, Jiangsu, China. The
first phase of the project, with an investment of 38 million euros, will
produce assembled camshafts for vehicles.

ThyssenKrupp's businesses include iron and steel, automotive technologies,
machine manufacturing, engineering design and trade, and was ranked 122nd
among the Fortune Global 500 companies in 2012. Last September, the group
decided to locate its south China manufacturing base at CND, after a year of
investigation and evaluation.

The first phase of ThyssenKrupp Valvetrain China Ltd. has an investment of 38
million euros and is expected to be put into production in April 2014. Once
the designed capacity is reached, the first phase will produce 1.2 million
camshaft modules a year, generating annual sales of more than 600 million yuan
(approx. 75 million Euros). The company owns the patent rights to some of the
assembled camshafts. The assembled camshafts will be produced using the
company's proprietary low energy-consuming interference assembly technology
that makes camshafts lighter in weight as well as differentiated, instead of
the traditional manufacturing method of casting and forging, which are high
consumers of energy.

CND, with its economic strength, accessible traffic links, established support
facilities, abundant human resources and superior investment environment, has
attracted an increasing number of international and Chinese companies as
investors, and has become one of the regions in the Yangtze River Delta with
the fastest economic growth, the highest return of investment and the greatest
investment potential. Now it is home to more than 30 Fortune Global 500
companies.

SOURCE Changzhou National Hi-Tech District

Contact: Zhongliang Wang, +86-519-8512-7305, +86-1309-2527-003,
w_zongliang@sohu.com
 
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