# MoldTecs opens first Chinese factory in Taicang, Jiangsu

MoldTecs Automotive Systems (Taicang) Co., Ltd. opened its first Chinese factory in Taicang, Jiangsu, with a total investment of 25 million euros. The factory produces high-performance plastic components for the automotive industry.

- Type: New facility
- Announced: 2023-08-02
- Where: Taicang, Jiangsu, China
- Value: $27.5M (25.0M EUR)
- Starts operating: 2 Aug 2023
- Status: completed
- Capacity: annual output value of over 500 million yuan
- Products: automotive plastic intake manifolds, charge air duct, cylinder head cover, coolant tank, cooling module, wash tank
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [MoldTecs](https://endata.com/companies/65688.md)
- [Mutares](https://endata.com/companies/6466.md) (investor)

## Sources

- [autonews.gasgoo.com](https://autonews.gasgoo.com/articles/market-industry/70026505), 2023-08-07: "MoldTecs is the first Chinese factory invested by Mutares Fund to produce high-performance plastic components for the automotive industry."

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