Lear to expand Shanghai HQ to support Asian operations
Supplier Lear Corp. plans to expand its regional headquarters in Shanghai to accommodate its fast-growing operations in Asia.
The company plans to build a 28,000-square-meter (301,389-square-foot) center to house 800 employees.
The expansion comes just two years after Lear built its Asian headquarters and technical center in Shanghai's Yangpu District. Over the past three years, the company's China sales have grown 10 percent annually.
According to Lear, the expanded headquarters will support the activities of 31,000 Lear employees in 11 Asian countries. Last year, the company's consolidated Asian revenues totaled $3.2 billion (21 billion yuan).
Lear, of Southfield, Mich., produces seats, electrical systems and components for connectivity. Last year, global sales totaled $18.2 billion.
The company plans to build a 28,000-square-meter (301,389-square-foot) center to house 800 employees.
The expansion comes just two years after Lear built its Asian headquarters and technical center in Shanghai's Yangpu District. Over the past three years, the company's China sales have grown 10 percent annually.
According to Lear, the expanded headquarters will support the activities of 31,000 Lear employees in 11 Asian countries. Last year, the company's consolidated Asian revenues totaled $3.2 billion (21 billion yuan).
Lear, of Southfield, Mich., produces seats, electrical systems and components for connectivity. Last year, global sales totaled $18.2 billion.
