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