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Yesterday, Sekisui & Youngbo High-Tech Materials (Wuxi) Co., Ltd. completed construction and began production, adding an ace auto parts producer to Xishan Economic and Technological Development Zone.
Jointly funded and established by the global top 500 multinational companies, Sekisui Chemical of Japan and Youngbo Group of South Korea, with a total investment of 53 million us dollars, it mainly engages in the production of automotive interior decoration and interior foam materials. The first phase of the project is expected to have an annual sales volume of about 300 million yuan and a tax payment of about 30 million yuan. The second phase of the project is planned to start construction the following year.