Changchun Faway to establish wheel production subsidiary in Tianjin  [ China ]

Changchun Faway Automobile Components Co., Ltd. announced that it will establish a subsidiary in Tianjin to assemble tires for FAW-VW’s new plant in the same city. CNY 40.95 million will be invested in this plant, which will have a building area of 8,208 square meters. Operations are scheduled to begin in June 2018. The plant is expected to achieve its designed production capacity in 2019...