DETROIT - Visteon Corp. is investing $80 million in a new factory in Dalian, China. The plant will manufacture compressors for climate control systems.
The plant is expected to be fully operational by mid-2005. It is a joint venture with Halla Climate Control. Halla owns 60 percent and Visteon 40 percent of the venture, called Halla Climate Control Dalian Co. Ltd.
Visteon of Dearborn, Mich., wouldn't disclose customers for the compressor but said Hyundai Motor Co. is its largest customer for climate control systems in the Asia Pacific region.
Visteon supplies chassis, climate control, cockpits, and automotive interior and exterior systems.