Sempeter pri Gorici, 02 November (STA) - Iskra Suzhou Autoelectric, the Chinese subsidiary of car electronics manufacturer Iskra Avtoelektrika, will soon launch thec construction of its own plant due to expanding production and new deals. The investment will be worth US$2m.
Iskra Suzhou Autoelectric was established in 2005 to produce and sell starter motors and alternators for commercial vehicles in China and high-quality DC motors for the western and Chinese markets. It has become the second biggest production unit in the Iskra Avtoelektrika group.
The construction of the new 8,000 sq metre plant is expected to start soon and last about a year. The plant is expected to be put into operation in October 2011.
Iskra Avtoelektrika said that the investment solidifies its position in China as a leading Slovenian company in the country in terms of the number of employees and sales. No jobs in Slovenia will be lost due to the expansion in China, it added.
The subsidiary currently employs 216 people, with its sales in 2010 projected at US$28m in 2010, half of which is expected to be generated in China.