Home / Knowledge / News / Textiles / Guilford inks JV with NNG for automotive textiles
Guilford inks JV with NNG for automotive textiles
27
Jan '11
Guilford Performance Textiles Inc announced the company has entered into an agreement with NNG, a subsidiary of YanFeng Inc, one of China's leading automotive interior manufacturers serving the nation's automotive industry, creating a joint venture to provide textiles to the Chinese automotive industry. The new venture, Anhui Guilford Automotive Interiors Co Ltd, is located in the city of HuaiNan in the Province of Anhui in eastern China.

This alliance will allow Guilford and NNG to leverage complementary strengths to achieve expanded market coverage and enhance the companies' competitiveness in the world's fastest growing automobile market. Anhui Guilford will benefit from the collaboration of Guilford's trusted technical and manufacturing expertise in automobile textiles and NNG's extensive client base in China's automotive industry. The joint venture currently employs 230 workers and manufactures seating products for Chery Automobile, JAC Motors, Shanghai Volkswagen, and a number of other customers in the region.

"China's automotive industry is experiencing explosive growth. With this joint venture, Guilford is now ideally located to offer our fabrics and engineered products to Chinese manufacturers," said Shannon White, Chief Executive Officer of Guilford.

"Following a comprehensive review of expansion opportunities in China, we are pleased to have found an extraordinary business partner in NNG that we expect will offer long-term growth opportunities in China. This is the first step in what we anticipate will become a significant expansion into the Asian market for Guilford."

Established in 1946, Guilford designs, develops, and manufactures fabrics and engineered products. Guilford manufactures automotive body cloth products for seating bolsters and inserts, seatbacks, door panels, package trays, and trunk liners; and textiles for overhead systems, such as headliners, pillars, package trays, sunshades, and sunvisors.

Guilford Performance Textiles Inc

Must ReadView All

Textiles | On 19th Jan 2017

Pakistan imposes duty on Indian fine cotton yarn

A provisional countervailing duty ranging from Rs 26.89 to Rs 55.8 a...

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Interviews View All

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search