# Amsted Automotive forms joint venture BN-HOFO with Anhui HOFO

Amsted Automotive Group formed a joint venture with Anhui HOFO Mechanical and Electrical Co. Ltd, called BN-HOFO Material Technology (Anhui) Ltd., to expand powder metallurgy capacity in China.

- Type: Acquisition
- Announced: 2021-09-28
- Where: China, China
- Status: announced
- Products: powder metal components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Amsted Automotive](https://endata.com/companies/54301.md) (partner)
- [Anhui HOFO Mechanical and Electrical Co. Ltd.](https://endata.com/companies/57982.md) (partner)
- [BN-HOFO Material Technology (Anhui) Ltd.](https://endata.com/companies/57983.md) (target)

## Sources

- [amsted.com](https://www.amsted.com/amsted-automotive-group-expands-global-powder-metallurgy-capacity-by-forming-a-joint-venture-with-anhui-hofo-mechanical-and-electrical-co-ltd/), 2021-09-28: "The joint venture will be positioned to produce production-ready components in 2022."

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