Hitt og þetta 26. apríl 2006

Autoliv Inc opens new plant in China

Nordic Business Report-April 26, 2006-Autoliv Inc opens new plant in China
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The Swedish automotive safety systems developer and provider Autoliv Inc said on Wednesday (26 April) that it had opened its fifth plant globally for safety electronics and its eighth manufacturing facility in China.

The new facility, located in Shanghai, would primarily produce airbag control units, both for the growing Chinese market and for other Asian markets.

The capital expenditure would amount to USD20m for the first expansion phase, the company said.

One US dollar (USD) is worth approximately 0.56 British pounds (GBP).

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