# Thyssenkrupp to build EUR 30M springs and stabilizers plant in Pinghu, China

Thyssenkrupp plans to build a new plant for springs and stabilizers in Pinghu, China, with an investment of around EUR 30 million. Construction is to start in 2017, and production of approximately five million units per year is expected to begin in 2018, creating up to 200 jobs.

- Type: New facility
- Announced: 2017-01-23
- Where: Pinghu, China
- Value: $32.0M (30.0M EUR)
- Jobs: 200
- Starts operating: 2018
- Status: announced
- Capacity: 5 million springs and stabilizers per year
- Products: springs, stabilizers
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Thyssenkrupp](https://endata.com/companies/833.md)

## Sources

- [thyssenkrupp-automotive-technology.com](https://www.thyssenkrupp-automotive-technology.com/en/press/press-releases/thyssenkrupp-to-invest-further-in-automotive-components-business-in-china-444.html), 2017-01-23: "The new site in Pinghu will be our third plant for springs & stabilizers in the People’s Republic of China and will further expand our global production network."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.