Feiyan Piston Ring and Riken plan auto parts joint venture in Nanjing

China's Feiyan Piston Ring and Japan's Riken will set up a joint venture in Nanjing to manufacture piston rings for diesel engines, with CNY75 million (USD10.8 million) registered capital and annual capacity of 1.2 million sets.

“The pair will register the firm in Feiyan's hometown Nanjing with CNY75 million (USD10.8 million) in registered capital, with the Chinese partner picking up a 60 percent stake.”yicaiglobal.com

• 1 source
• yicaiglobal.comChinese, Japanese Piston Ring Makers Plan Auto Parts Joint VentureTang ShihuaJun 13, 2019

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