GF steeply increases its production capacity in China
30/01/2015 - 08:00 (Central European Time)
China has become the largest car market in the world in the past few years. The demand for car components remains very strong in that country, especially for lightweight solutions to reduce CO2 emissions.
The ongoing investments of GF Automotive, amounting to more than CHF 40 million, aim at addressing the growing demand for locally produced lightweight structure and powertrain components. With these new investments, more than 20% of the turnover of GF Automotive will be realized in China.
GF Automotive is one of the leading automotive suppliers worldwide specializing in lightweight solutions for the automotive industry. It produces more than 600 000 tons of iron, aluminum and magnesium components at nine production plants in Germany, Austria and China.
GF comprises three divisions GF Piping Systems, GF Automotive, and GF Machining Solutions. Founded in 1802, the Corporation is headquartered in Switzerland and is present in 32 countries, with 124 companies, 48 of them production facilities. Its approximately 14 000 employees generated sales of CHF 3.77 billion in 2013. GF is the preferred partner of its customers for the safe transport of liquids and gases, lightweight casting components in vehicles, and high-precision manufacturing technologies.