Yazaki plans wire harness plant in Zhejiang
Yazaki Corp. is forming a joint venture in Zhejiang province to manufacture wire harnesses, reports IHS Automotive's Supplier Business newsletter, citing the Japan Metal Daily.
The plant, which will open next July, will generate annual sales of $156 million (997 million yuan) by 2016. The facility will employ 3,500 workers.
Yazaki already has 20 facilities in China. According to Supplier Business, the company is aiming for an 8 percent share of China's wire harness market.
