# Grammer AG forms joint venture with FAWSN Group in China

Grammer AG signed a joint venture agreement with CHANGCHUN FAWSN GROUP CO., LTD. to establish GRAMMER FAWSN Vehicle Parts Co., Ltd. Grammer will hold 50% of the joint venture, which will develop and produce automotive interior components for FAW Group vehicles.

- Type: Acquisition
- Announced: 2019-11-05
- Where: Changchun, China, China
- Status: announced
- Products: automotive interior components, consoles, interior components, functional plastics
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Grammer](https://endata.com/companies/32001.md)
- [Changchun FAWSN Group Co., Ltd.](https://endata.com/companies/42879.md) (partner)

## Sources

- [valuespectrum.com](https://www.valuespectrum.com/corporate_news/340761-grammer-ag-signs-joint-venture-agreement-with-fawsn-group-an-affiliated-company-of-one-of-the-largest-automotive-manufacturers-in-china), 2019-11-05: "Grammer AG has signed today an agreement with CHANGCHUN FAWSN GROUP CO., LTD., Changchun, China, an affiliated company of FAW Group Co., Ltd., one of the largest automotive manufacturers in China, to establish a Joint Venture for automotive interior components."

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