. Valeo Establishes its Second R&D Centre
in China
Shanghai, China - Valeo
announced the establishment of a new Research and Development centre
in Shanghai. This technical centre will design advanced climate
control systems for Chinese, Japanese and European car makers. This
latest development is part of Valeo's strategy to expand its presence
in the fast-growing Chinese automotive market.
When fully
operational, the new technical centre will accommodate up
to 60 highly qualified engineers and technicians who will
initially focus on developing automotive climate control
systems for Japanese and European customers. Valeo enjoys
a leading position in its climate control activity and is
a supplier of complete Heating Ventilation and Air Conditioning
(HVAC) systems to major carmakers in China.
Valeo has
grown rapidly in China since it entered the market in 1994.
The Group's first Chinese R&D centre, which opened in 2004
in Wuhan, develops automotive lighting systems.
"With its twelve production
facilities and two technical centers employing more than 2,000 people,
Valeo is in a good position to serve both Chinese and global automakers.
This new R&D center demonstrates Valeo's continuing commitment to
the Chinese automotive industry and strengthens the Group's twelve-year
presence in the country", said Thierry Morin, Valeo Chairman & CEO.
