You are here

Success in buying airbag maker Takata seen making China firm a global car-safety player

Ningbo Joyson could become the world's second-largest motor safety parts supplier
Wednesday, June 28, 2017 - 05:50

BT_20170628_SYTAK28LIVO_2954214.jpg
Ningbo Joyson is acquiring Takata's assets through its wholly owned US air-bag maker Key Safety Systems Inc. The inflator business will stay with Takata as will the financial responsibility for the recall, which will cost an estimated one trillion yen.

Tokyo

WANG Jianfeng has been on an epic acquisition tear over the past decade, assembling a formidable car parts empire in China with US$4 billion in revenue.

Now, the 46-year-old founder and chairman of Ningbo Joyson Electronic Corp is about to pull off his biggest deal yet: a US$

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom