April 1st, 2011, Shenzhen, EUCCC Member Company opens R&D Centre in Bao’An Go back »
2011-03-28 | South China
The European Union Chamber of Commerce in China, Pearl River Delta Chapter, is glad to inform that one of its honorable members in Shenzhen, VALEO Interior Controls (Shenzhen) Co., Ltd, will officially launch the inauguration of its 21st R&D center in Shenzhen. The opening ceremony and celebration of the plant expansion will be held on this Friday, April 1st, 2011 at VALEO site in Jun Yi Industrial park in North Region VI Cui Gang, Huai De Village, Fu Yong Town, Bao’an District, Shenzhen.
The opening of the R&D Center and the overall expansion of the plant will bring an additional investment of CNY 136 M in 2011 in Shenzhen City and will boost the employment of R&D engineers as the company plans to recruit a highly skilled workforce.
The inauguration of this new R&D centre in Bao’an Distirct will welcome more than 14 local and foreign media representative and VIP guests, among which Shenzhen Science Industry Trade and Information Technology Commission (SITIC) Deputy Director General Mr. Li Zhong Xiang in charge of Department of Science and Technology Support, SITIC Invest Shenzhen Director, Mr. Wang Zhiyi as well as Bao’an district government and others.
On occasion of the Opening Ceremony the Shenzhen company will also welcome the CEO of VALEO Group France, Mr. Jacques Aschenbroich, who together with the local management team – Mr. Christian Marsais, the Vice President of VALEO China and Mr. Paris Hadjisotiriou – General Manager of the VALEO plant in Shenzhen, will welcome the guests.
Company history in Shenzhen & investment status:
Valeo Interior Controls (Shenzhen) Co., Ltd belongs to VALEO Group which is a global company with HQ in Paris, France and spreads over five continents inclusive Europe, North America, South America, Africa and Asia. The Group is present in 27 countries and employs 58,000 people worldwide. It has 40 development centres and already 21 research centers, the most recent of which opens in Shenzhen on April 1st, 2011.
VALEO main scope of business is automotive technology channeled into 4 Business Groups, comprising 16 Product Groups, supplying the original equipment market and the aftermarket. For original equipment segment, VALEO supplies all major automakers worldwide. For replacement parts and services, VALEO supplies the original equipment spares (OES) and independent aftermarket (IAM) through its dedicated VALEO Service organization. The 4 Business Groups are: Powertrain Systems, Thermal Systems, Comfort and Driving Assistance Systems, and Visibility Systems.
Valeo Interior Controls Shenzhen plant has been established in December 2005 as a 100% wholly foreign owned enterprise on a territory of 7500 m2 and its turnover for 2010 amounted to CNY 306 M. The initial investment of the company in Shenzhen at its opening in 2005 was a capital of USD 6 M and employed 25 people. By 2010 the company has added another CNY 82 M and the investment plans for 2011 will attract more CNY 136 M. For the past six years operating in Shenzhen the company increased its human capital base to 575 employees and plans to expand up to 700 employees in 2012, a big part of which will be contributed by the employment of a high qualified engineer staff at the new R&D Center.