Guilford/NNG JV To Produce Automotive Textiles
Guilford Performance Textiles Inc., Wilmington, N.C., and NNG, a subsidiary of automotive interior
manufacturer YanFeng Inc., China, have formed Anhui Guilford Automotive Interiors Co. Ltd., a joint
venture (JV) to manufacture textile seating products for Chinese automotive manufacturers including
Chery Automobile, JAC Motors, Shanghai Volkswagen and others.
"China's automotive industry is experiencing explosive growth," said Shannon White, CEO, Guilford Performance Textiles. "With this joint venture, Guilford is now ideally located to offer our fabrics and engineered products to Chinese manufacturers. Following a comprehensive review of expansion opportunities in China, we are pleased to have found an extraordinary business partner in NNG that we expect will offer long-term growth opportunities in China. This is the first step in what we anticipate will become a significant expansion into the Asian market for Guilford."