Brazil's WHB auto parts project signed in Jiaozhou, Qingdao

On November 8, 2012, Brazil's WHB auto parts project was signed in Jiaozhou, Qingdao, accelerating the pace of WHOB's entry into the Chinese market.

WHB is Brazil's high-precision components for casting, forging and machining automobiles. It is the first manufacturing company in South America capable of OEM production and supply of crankshafts. It is a Volkswagen, Fiat, GM, logo Citroen, Mercedes-Benz, Scania and many others. The top supplier of large auto companies, with 2012 sales estimated at 800 million U.S. dollars. WHB plans to establish a large-scale automobile parts production base in Jiaozhou, Qingdao. The first phase of the project will mainly involve the casting and machining of engine blocks, cylinder heads, and other parts . The later phase will gradually build cast iron, cast aluminum, forged steel and machine. A complete industrial chain of processing, with a total investment of about 400 million U.S. dollars and an area of ​​500,000 square meters, is expected to form a mass production scale two years later.

Mr. Teodoro, chairman of WHB, stated: “China is a huge growth market and an important part of our global business. We are confident that we can provide passenger vehicles, commercial vehicles , engines and gearboxes for the Chinese market. Quality products and services."

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