FRANKFURT -- ZF Friedrichshafen has opened its 15th plant in China, a car parts facility that is expected to generate more than 100 million euros ($120.7 million) in sales by 2007, Germany's third-biggest automotive supplier said on Monday.
The Changchun plant, a joint venture with Chinese car parts company Fawer, makes passenger car axles and will expand output next year to include more components for cars and trucks.
Its customers include the Chinese operations of Volkswagen and its luxury division Audi as well as domestic carmakers Chery and FAW.
"With the orders on hand for the Changchun plant we expect sales of around 50 million euros in 2005. We plan to have sales of over 100 million for 2007," Reinhard Buhl, the head of ZF's chassis division, said in a statement.
ZF had 255 million euros in sales in China in 2004.