BEIJING -- Visteon Corp. has added three manufacturing ventures in China, including its first lighting operation.
"The plants are focusing on servicing customer needs in China, and to the extent practicable, to Asia Pacific and the rest of the world," says Richard Ding, director of strategy, business development and transactions for Visteon Asia Pacific.
He would not say how much Visteon invested in the three ventures.
The lighting venture, Visteon TYC Auto Lamps Co., is owned jointly by Visteon and Taiwan's TYC Brother Industrial Co. It will be in the east China city of Changzhou, with plans to expand quickly to the northeast China city of Changchun.
Changchun is the home of First Auto Works, one of China's largest auto manufacturers, and of FAW-VW, a Volkswagen joint venture.
The second venture is the acquisition of audio equipment manufacturer Jiangsu Toppower Technology Co. Ltd. in east China. Also investing are Shanghai Automotive Industry Corp. and Yanfeng Visteon Electronics Co.
In the third venture, Yanfeng Visteon Electronics, a joint venture with Shanghai Automotive, acquired 51.85 percent of Zhejiang Shaoxing Betung Instrument Co. The new venture, Yanfeng Visteon Betung Automotive Instrumentation Co., will make instrument clusters and related items.
Visteon has more than a dozen plants in China.
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