Shanghai Shenda

Shenda-owned Auria has opened its new Vrable, Slovakia factory producing automotive flooring systems and decorative trim parts for Jaguar Land Rover and other premium OEM customers. The factory spans 80,700 sq ft with about US$10 million invested to date, initially employing 100 people.

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) 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.