NEWS
Thursday April 12th in Beijing, the multinational company MA S.p.A. (part of MA division of C.L.N. Group), operating in the business of automotive components, signed an agreement for the incorporation of a 50/50 joint venture with the Chinese company Beijing Shougang Metal Co., Ltd., a fully owned subsidiary of Shougang Group Corporation, a giant in the Chinese steel business.
In April 2011 MW SpA signed an agreement with the Turkish company Jantsa AS to set up a joint venture in Turkey. The deal was signed for a NewCo called JMW AS and the establishment of a wheel manufacturing facility in an industrial zone in the western province of Aydin, alongside the headquarters of the Jantsa Wheel Industry. The plant is under construction and production will begin by end of 2012.
Su.Per Awards 2011 took place at Turin on last March 9 and was awarded to 11 Suppliers selected by the Fiat Purchasing Group.
CLN S.p.A. is pleased to announce that on February 29th its subsidiary, MW Italia S.p.A. has finalized an agreement with Shanghai Baosteel International Economic and Trading Co., Ltd to form a Joint Venture to manufacture steel wheels for passenger vehicles and light and heavy duty commercial vehicles. The new production facility will be built in Chongqing area in China.