International Automotive Components

International Automotive Components Group (IAC Group) will invest $4.6 million to expand its manufacturing operation in Strasburg, Virginia, adding new auto component lines and creating 47 new jobs.

International Automotive Components Group plans to invest over $55.9 million to expand two Alabama facilities: $34.3 million in Tuscaloosa County (119 jobs) and $21.6 million in Calhoun County (63 jobs). The expansions will produce door panels, overhead systems, and other automotive interior components.

International Automotive Components (IAC) inaugurated a new state-of-the-art plant in Manesar, India, investing over $2 million and employing about 220 people to produce vehicle headliners, center consoles, and instrument panel components.

International Automotive Components (IAC) has officially opened a new plant for premium door panels in Prestice, Czech Republic, with an investment of over US$40m. The facility covers 32,560 square meters and will add 800 jobs, with a capacity of 600,000 door panels per year.

Shanghai Shenda and International Automotive Components (IAC) Group have completed their joint venture transaction, officially forming Auria Solutions, which will supply soft trim and acoustic products.

International Automotive Components (IAC) and Shanghai Shenda Co., Ltd. completed a joint venture to produce soft trim and acoustical products. Shenda holds a 70% stake and IAC holds 30%.

International Automotive Components Group and Shanghai Shenda Co. Ltd. completed the formation of Auria Solutions Ltd., a joint venture where Shenda acquired a 70% stake based on an enterprise value of $570 million. IAC retained a 30% interest.

International Automotive Components (IAC) and Shanghai Shenda Co. Ltd. are forming a joint venture where Shenda will acquire a 70% stake and IAC will maintain a 30% interest. The joint venture is expected to close during the third quarter of 2017.

International Automotive Components (IAC) broke ground for a greenfield plant in Opole, Poland, to manufacture tailored instrument panels for premium passenger cars. The facility represents an investment of about $20 million and is expected to be operational in mid-2017, creating approximately 550 jobs.

International Automotive Components (IAC) and Shanghai Shenda Co. Ltd. have signed a definitive agreement to form a global joint venture. A UK affiliate of Shenda will acquire a 70% stake in the UK-based JV at an enterprise value of USD 570 million; IAC will retain 30%.

International Automotive Components (IAC) and Shanghai Shenda Co. Ltd. signed a definitive agreement to form a global joint venture to supply soft trim and acoustics products to automakers.