Shanghai Natiefu Wuhan No. 2 Plant Completed and Put into Operation High Precision Parts of Transmission System

July 19, 2013, GKN driveline announced that Shanghai GKN Drive Shaft Company ( "GKN") Wuhan Plant completed, GKN GKN is a drive system with the China Automotive Systems and other companies Joint venture company formed.

The first phase of the construction of the first phase of the Nati Railway Works No.2 Wuhan Plant will cover an area of ​​11,000 square meters and an investment of approximately 15 million pounds. It will produce high-precision components for the transmission system. It is currently planning to annually produce 11 million pieces of constant-velocity universal joint drive shaft precision forgings.

Natieforth Opening Ceremony

GKN CEO Andy Reynolds Smith said: “China is the world’s largest vehicle market, and the vehicle manufacturing industry continues to thrive throughout China. The Natiefu Wuhan plant is located in Central China’s Auto City and has a unique geographical location and an excellent industrial development environment. This ensures that we can provide high-quality customer service while realizing localized production, thereby further enhancing our customer support."

China is one of the important growth markets for the GKN transmission system. China's vehicle production is expected to reach 22 million in 2014 and it is expected to reach 30 million by 2020.

Natifore was established in 1988. The main investors are GKN Drivetrain International Co., Ltd. and Huayu Automotive Systems Co., Ltd., which respectively hold 50% and 35% shares of Natiefoss, and the remaining 15% of the shares are respectively invested by SDIC. Technology Investment Co., Ltd. and Bank of Communications Co., Ltd. Shanghai Branch hold.

Natiefu covers an area of ​​320,000 square meters, with a total of more than 3,200 people. Currently, there are three factories in Shanghai, and factories in Wuhan and Changchun, respectively, and Nati Railway Chongqing in Chongqing; customers include all major foreign-owned automakers and Chinese automakers.