Standard Motor Products forms China joint venture with Foshan Guangdong Automotive Air Conditioning

Standard Motor Products formed a 50/50 joint venture, Foshan FGD SMP Automotive Compressor, with China-based Foshan Guangdong Automotive Air Conditioning, investing approximately US$12.5 million to make automotive air conditioning compressors.

“Standard Motor Products will invest approximately $12.5 million in the 50/50 joint venture.”prnewswire.com

• 1 source
• prnewswire.comStandard Motor Products, Inc. Forms a Joint Venture with Foshan Guangdong Automotive Air Conditioning Co., Ltd.Dec 1, 2017

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