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

Standard Motor Products Inc. has formed a 50/50 joint venture with Foshan Guangdong Automotive Air Conditioning Co. Ltd., named Foshan FGD SMP Automotive Compressor Co. Ltd. SMP will invest approximately $12.5 million in the venture.

“We believe that this transaction will enhance our position as a basic low-cost manufacturer and a leading supplier of temperature control parts to the aftermarket, as well as provide SMP with growth opportunities in the rapidly expanding China market.”aftermarketnews.com

• 1 source
• aftermarketnews.comStandard Motor Products Forms Joint Venture With Foshan Guangdong Automotive Air Conditioning Co. Ltd.aftermarketNews StaffDec 1, 2017

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