Armstrong Industrial Corporation, one of the leading foam and rubber component manufacturers specialising in noise, vibration and heat management for the car and electronics industries, says it plans to set up two new manufacturing plants in China over the next three years.
Armstrong has also raised the capital from $4.9 million to $6.5 million in its 80% owned Armstrong-Odenwald (Asia), a joint venture with German partner Odenwald-Chemie Gmbh.
This year, the company increased its existing plant size in Changchun, Guangzhou and Wuhan raising its overall plant capacity in China by 45.2%, from 210,809 sq ft in 2009 to 306,039 sq ft.
This enabled the group to match the aggressive business expansion plans of major automotive customers, such FAW-Volkswagen and Guangzhou Honda, says Armstrong.
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