Leoni to acquire 51% stake in Wuhan Hengtong Automotive Wire Harness  [ China ]

Leoni will acquire a 51% stake in Wuhan Hengtong Automotive Wire Harness Co., Ltd. based in Hubei Province. The wire harness plant covers 13,000 square meters and employs approximately 1,000 people. Its sales in 2016 are expected to reach EUR 35 million. Leoni has spent three months preparing for this acquisition project, which will make it a wire harness supplier to Dongfeng Motor and Dongfeng...