Fawer Automotive Parts to set up car parts plant in Mexico

Fawer Automotive Parts will establish a CNY 24.7 million (USD 3.6 million) subsidiary in Nuevo Leon, Mexico, to supply tandem pumps to Volkswagen. Fawer will hold 99% equity, with its US subsidiary holding 1%.

“Fawer will hold 99 percent of the equity of the new plant, located in Nuevo Leon.”yicaiglobal.com

• 1 source
• yicaiglobal.comChina's Fawer to Set Up USD3.6 Million Car Parts Unit in Mexico to Cater to VolkswagenZhang YushuoJul 24, 2019

Summarized from public sources; check the original articles before acting on it.