SINGAPORE (Dec. 29, 2010)—Armstrong Industrial Corp. said it aims to nearly double its manufacturing size in China in the next three years by setting up two plants.
The maker of foam and rubber parts said that, together with its German partner, it has raised the capital of their joint venture by 32 percent.
Armstrong, which specializes in components to cut noise, vibration and harshness for the automotive and electronics industries, wants to accelerate its automotive business growth in China.
Chairman and CEO Gilbert Ong said the company is actively engaging more OEM customers at the design and development stage to establish a stronger market share in the long term.
During 2009-10, Armstrong has also increased the size of its existing plants in China by 45 percent.