Amsted Automotive

Amsted Automotive opened a new manufacturing facility in Nanjing, China, operating as Means Nanjing Automotive Components Ltd. It will produce controllable one-way clutches with capacity of 1 million per year, commencing production in Q3 2024.

Amsted Automotive Group's Burgess-Norton unit has acquired SMW Manufacturing Company, a cold-formed and precision-machined components manufacturer for heavy truck, automotive, mining, and industrial markets. Terms were not disclosed.

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.

Amsted Automotive formed a joint venture with Anhui HOFO Mechanical and Electrical Co. Ltd., named BN-HOFO Material Technology (Anhui) Ltd., to expand powder metallurgy capacity in China. The venture will produce components for the Chinese EV market and is expected to be production-ready in 2022.

Amsted Automotive, via Means Industries, has formed a joint venture with VT Industrial Technology named MEANS&VT (Wuxi) Power Technology Co., LTD in Wuxi, China, to supply metal forming and tooling to the Chinese automotive market.