Manufacturing News

Hong Kong Molder, Fabricator Builds Stamping Plant in Central China

Injection molder and metal fabricator Eva Precision Industrial Holdings Ltd. is building a factory complex in the central Chinese city of Wuhan to serve China's automotive market.

The project will help the company ease dependence on its exports business.

Eva Precision, of Hong Kong, said it will open the plant as a metal-stamping facility and may add plastic molding equipment. The company has more than 300 Japanese-made injection molding machines in several factories in China.

Initially Eva Precision will invest $51 million (322 million yuan) in the plant, which will employ 1,000 workers. Expansions will raise the company's investment to 1 billion yuan.

Construction began in March. The initial phase is to be completed next year.

Wuhan, in Hubei province, is a major vehicle-manufacturing center. Eva Precision said it would target local manufacturing plants of foreign and domestic brands, including Honda Motor Co., Nissan Motor Co., PSA Peugeot Citroen and Dongfeng Motor Corp.

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