# 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.

- Type: Partnership
- Announced: 2019-06-11
- Where: Nanjing, China
- Value: $10.8M (75.0M CNY)
- Status: announced
- Capacity: 1.2 million sets of piston rings per year
- Products: piston rings for diesel engines
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Feiyan Piston Ring](https://endata.com/companies/39989.md)
- [ZYNP](https://endata.com/companies/1439.md) (investor)
- [Riken](https://endata.com/companies/3207.md) (partner)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/chinese-japanese-piston-ring-makers-plan-auto-parts-joint-venture), 2019-06-13: "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."

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