WEINHEIM, Germany (Nov. 1, 2010)—Freudenberg & Co. K.G.'s Vibracoustic Business Group held the official opening ceremony last week for its facility in Yantai, China.
Chassis components and airsprings for commercial vehicles for the Chinese automotive industry have been produced there since July.
The plant has a total area of 8,000 square meters and employs 100 people, with plans to add 100 jobs through 2014.
The company said it will be investing about $19.5 million in production and infrastructure at the Yantai facility until 2014.
Freudenberg Immobilien Management GmbH will be investing almost $4.9 million in new buildings. Key reasons for selecting the Yantai location included proximity to customers and suppliers, the presence of a skilled work force as well as the favorable location on the Yellow Sea on the Eastern Chinese seaboard opposite the Korean coast.