German fastener manufacturer KOLB, together with its two Chinese partners, has begun construction of a new plant in Handan, Hebei province, a local Chinese newspaper reported.
The three parties, including Handan Tongda Machinery Co and Beijing Golden Five-Star Trade Group Co, plan to inject a total of 400 million yuan ($58 mln) into the project which, after completed, will produce high-end fasteners for automobile, airplane and machinery industries.[…]
via KOLB builds China JV plant for auto fasteners | automotive news.