WINTERTHUR, Switzerland, May 16, 2025-

Autoneum signed an agreement to acquire all shares of Chengdu FAW-Sihuan Interior Parts Co., Ltd., an automotive supplier for acoustic and thermal management in China. Together with the recently completed acquisition of Jiangsu Huanyu Group, Business Group Asia is further expanding its customer base to include other major Chinese vehicle manufacturers such as FAW-VW, FAW-Audi, FAW-Toyota and Geely. The transaction is scheduled to close in July 2025.

With around 30 million* light vehicles produced annually, China is the world’s largest automotive market and, with an expected increase to 31.5* million cars by 2030, it is also one of the most important growth markets for the automotive industry. Established in 2011, Chengdu FAW-Sihuan Group operates four production facilities with around 240 employees in the immediate vicinity of local automotive manufacturers in the north, center and south of China.

Nonwovens Markets subscribers - click here to read the full article.

Not a subscriber?

Try Nonwovens Markets free!