Group-wide and including the joint venture plants, Leoni now has 11 facilities in China with a total of about 6,000 employees. In terms of consolidated sales, which in the current financial year will amount to about 350 million euros, China meanwhile represents the third largest market after Germany and France. The Company has been operating for 18 years with its own facilities in China. To be able to satisfy the heavy demand from the automotive industry for cable harnesses and wiring systems, and especially to be able to supply for new vehicle models, Leoni is also setting up new production lines and expanding existing plants in other regions. The Wiring Systems Division alone currently has 12 capital investment projects, involving for instance plans for two new facilities in Egypt as well as one each in the Ukraine and Russia. Furthermore, there will be additional production halls in Brazil, Mexico, Morocco, Tunisia and Serbia among other places. After the expansion is completed, the Wiring Systems Division’s network will comprise more than 30 production facilities with a total of more than 550,000 square metres of factory floor space.
James Wright on 17 Feb 12It was reported that US State authorities have signed an agreement with China headquartered Golden Dragon Precise Copper Tube Group Inc. for the construction of a new copper tube plant in Wilcox County, Alabama. Development of the facility will involve an investment of US$100M, however, the production capacity of the operation is not yet known. This follows September news that the company had not broken ground at its proposed US$100M, 45,000t/y copper pipe and tube project in neighbouring Clarke County, Alabama. The delay was attributed to a larger than originally anticipated site requirement, leading to the development of new plans to relocate the facility. Production will supply the US heating, ventilation, refrigeration and air conditioning sector.
