# 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%.

- Type: New facility
- Announced: 2019-07-24
- Where: Nuevo Leon, Mexico
- Value: $3.60M
- Status: announced
- Products: tandem pumps
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Fawer Automotive Parts](https://endata.com/companies/3391.md)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/china-fawer-to-set-up-usd36-million-car-parts-unit-in-mexico-to-cater-to-volkswagen), 2019-07-24: "Fawer will hold 99 percent of the equity of the new plant, located in Nuevo Leon."

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