# Brembo and Gold Phoenix form brake friction joint venture in China

Brembo and Gold Phoenix signed a 50/50 joint venture agreement to establish Shandong BRGP Friction Technology Co., Ltd., creating Brembo's first large-scale facility dedicated to aftermarket brake pads in China.

- Type: Acquisition
- Announced: 2022-07-26
- Where: Shandong, China, China
- Status: announced
- Products: aftermarket brake pads
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Brembo](https://endata.com/companies/4874.md) (partner)
- [Gold Phoenix](https://endata.com/companies/64345.md) (partner)

## Sources

- [aftermarketnews.com](https://www.aftermarketnews.com/brembo-gold-phoenix-create-brake-friction-jv/), 2022-07-26: "Brembo and Gold Phoenix signed a 50/50 Joint Venture agreement establishing a new company, Shandong BRGP Friction Technology Co., Ltd."

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