STUTTGART - Air conditioning and engine cooling systems supplier Behr GmbH & Co. KG has formed a joint venture with Shanghai Automotive Co. Ltd. and Japanese parts supplier Sanden Corp. to supply refrigerant compressors to the industry.
The company will be called Shanghai Sanden Behr Automobile Air Condition Co. Ltd.
Ownership is split this way: Behr, 17.5 percent; Shanghai Automotive, 38.5 percent; Saden, 35 percent; and Shanghai Longhua Industrial, 9 percent.
Behr headquarters is in Stuttgart. The company says it expects the joint venture's sales this year to be about $193.5 million.
The goal of the venture is to supply complete climate control systems.