Date
18 October 2018

Yueda, AimCore to form auto component JV in Jiangsu, paper says

Taiwan-based AimCore Technology Co. Ltd. said its board agreed Wednesday to form a joint venture with Jiangsu Yueda Group Co. Ltd. in Yancheng, Jiangsu province, to make touch modules used in motor vehicles, Commercial Times reported Thursday. Total investment for the first phase of the venture is US$3.3 million with each of the two companies putting in half of the amount. Production is expected to begin in the first quarter next year with monthly production volume set initially at 500,000 units, the report said.

– Contact HKEJ [email protected]

TL/AC/CG

 

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