08 Apr 2016

China joint venture a success for 15 years now

A member of the Rheinmetall Group, first-tier auto-industry supplier KSPG has for 15 years now been sharing in a successful joint venture for the production of castings in Shanghai. Founded in 2001, KPSNC Kolbenschmidt Pierburg Shanghai Nonferrous Components combines the casting operations of KSPG and partner SAIC in the Middle Kingdom.

From relatively modest beginnings, the joint venture nowadays generates sales of €551 million (3.8 billion yuan) and employs a workforce of around 3,000. The annual average sales growth rate (CAGR) in this anniversary year is 23 percent (euro-based). Today, with around five million shipped out annually, KPSNC is China's biggest independent producer of cylinder heads.

Within this partnership, KSPG and HASCO have meanwhile taken further steps in order to grow into a global player in the market for engine block, cylinder head and structural component castings made from aluminum.

In 2014, the entire German operations under the roof of KS HUAYU AluTech were contributed to a further joint venture with HASCO. Horst Binnig, CEO of KSPG AG, at the anniversary celebrations last week held in Shanghai: "As a Global Casting Unit, KPSNC and KS HUAYU AluTech have set themselves the clear goal of growing, not only here in China and not only in Germany, but of expanding operations into other countries, too."

The entire Global Casting unit currently generates sales of around €850 million and also comprises a toolmaking operation in Waldürn, the Chinese company Cosmopolitan, the operations of Albert Hackerodt Maschinen- und Werkzeugbau GmbH & Co.KG, Langenhagen (recently acquired in an asset deal), and another joint venture with Trimet in Harzgerode.

Rheinmetall AG

Oliver Hoffmann
Head of Press and Public Relations
Rheinmetall Platz 1
40476 Düsseldorf
Germany
Phone: +49 211 473-4748
Fax: +49 211 473-4157

Press Release

Share press release

Privacy settings

We place great importance on transparent information relating to all aspects of data protection. Our website contains detailed information on the settings you can select and what effect these settings have. You can change your selected settings at any time. Regardless of the selection you choose, we will not draw any conclusions regarding you as a person (except where you have explicitly entered your details). For information on deleting the cookies, please see the help function in your browser. You can find out more in the data protection declaration.

Change your privacy settings by clicking on the corresponding buttons

Necessary

Cookies essential for the system ensure that the website works correctly. Without these cookies, malfunctions or error messages may occur.

This website will:

  • Store cookies required by the system
  • Store the settings you make on this website

This site will never do the following without your agreement:

  • Store your settings, such as the language selection or cookie banner, so that you do not have to repeat them in the future.
  • Evaluate visits anonymously and draw conclusions to help us to optimize our website.
  • Draw conclusions regarding you as a person (except where you have explicitly entered your details, e.g. in contact forms)

Convenience

These cookies make the website easier to use and save settings, for example, so that you do not have to repeat them every time you visit the site.

This website will:

  • Store cookies required by the system
  • Store your settings, such as the language selection or cookie banner, so that you do not have to repeat them in the future.

This site will never do the following without your agreement:

  • Evaluate visits anonymously and draw conclusions to help us to optimize our website.
  • Draw conclusions regarding you as a person (except where you have explicitly entered your details, e.g. in contact forms)

Statistics

Statistics cookies enable us to evaluate the usage behaviour on the website anonymously – without enabling any conclusions to be drawn about you as a person. This enables us to measure the performance of the website and to improve it continuously to offer a better user experience.

This website will:

  • Store cookies required by the system
  • Store your settings, such as the language selection or cookie banner, so that you do not have to repeat them in the future.
  • Evaluate visits anonymously and draw conclusions to help us to optimize our website.

This site will never do the following without your agreement:

  • Draw conclusions regarding you as a person (except where you have explicitly entered your details, e.g. in contact forms)

Notice regarding data transfers to the USA

If you select "STATISTICS", cookies from the US-based company Google Inc. will also be used. By selecting this option, you also expressly agree in accordance with Art. 49 Para. 1 S. 1 lit. a GDPR that your data collected by these cookies can also be processed by Google in the USA. The European Court of Justice (ECJ) has qualified the USA as a country with a level of data protection inadequate to EU standards. Further information on Google's handling of data protection can be found here.


Of course, we will always respect the do-not-track (DNT) setting in your browser. In this case, no tracking cookies are set and no tracking functions are loaded.