Safety Components, Huamao Form Joint Venture In China
Safety Components International Inc., a U.S.-based automotive airbag fabric and cushion supplier, and manufacturer of other specialty man-made fabrics, has formed a China-based joint venture through its subsidiary, ASCI Holdings Asia Pacific (DE) LLC, with Huamao (Xiamen) Technical Textile Co., a China-based designer, producer and tester of technical fabrics.The joint venture, Automotive Safety Components International (Changshu) Co. Ltd. (ASCI Changshu), will cut, sew and fold airbag cushions. As the majority owner, Safety Components will provide technical assistance and manage ASCI Changshu’s new plant, and Huamao will supply airbag fabrics from its existing operation.“This facility is intended to partner with and support our existing customer base and fully participate in the growing Chinese domestic market,” said John Corey, president and CEO, Safety Components International.
March/April 2005