The Dalian factory, in northeast China, of Portuguese car components group Sodecia was inaugurated Wednesday, following an investment of 20 million euros, Portuguese news agency Lusa reported.
Sodecia Dalian, which has around 200 workers, produces components for car transmissions, in this case for the Volkswagen group unit in that northern Chinese city.
Sodecia Dalian was built from scratch on a 3.6 hectare plot using imported equipment and started operating last year. According to marketing director Orlando Pinheiro said the company was expected to post turnover this year of 30 million euros.
This is Sodecia’s biggest ever investment in Asia. The company is based in the city of Porto, was founded in 1980 and is now present in four continents (South Africa, Germany, Brazil, Canada, China, United States, India and Portugal).
According to the Sodecia website the group employs around 5,500 people (more than twice the number employed four years ago) and in 2012 sales totalled 600 million euros. (macauhub)