Italian brake manufacturer Brembo SpA has acquired the 30% share in the Brembo Nanjing Brake Systems Co. Ltd joint-venture company held by Chinese partner Donghua Automotive Industrial Co. Ltd. The RMB 90 million paid for the share gives Brembo total ownership of the operation and is a transaction the company describes as “the last step toward the full integration of the hub.”
The Brembo Nanjing Brake Systems facility is part of the Nanjing industrial site that Brembo opened in 2012 and consists of a recently built foundry, disc and braking systems production lines and a research and development center. Full ownership of all companies within the site will allow Brembo to take full advantage of any existing industrial, commercial and corporate synergies. (Tyres & Accessories)
