Jiangsu Changshu Automotive Trim Co., Ltd. (CAIP) and Peguform GmbH (Peguform) jointly invested USD 200 million to set up Changchun Peguform Automotive Plastic Technology Co., Ltd. (Changchun Peguform) at Changchun Economic and Technological Development Zone on February 28, 2008.
CAIP is one of Top 100 automotive parts enterprises of China, established in 1992, and mainly supplies trim parts such as instrument board, auxiliary fascia console, trunk trim, coatrack and sunroof for FAW-Volkswagen, SGM, Chery, Peugeot Citroen, SVW, SAIC, Beijing Benz, Webasto and ArvinMeritor. CAIP has set up 4 wholly-owned enterprises and 3 joint ventures in Changchun, Beijing, Wuhu and Changshu. In 2005 CAIP established Changshu Intier Automotive Trim Co., Ltd. and Changchun Intier Automotive Trim Co., Ltd. with Magna, one of Global 500. CAIP has been a national high-tech enterprise and Jiangsu high-tech enterprise and achieved the annual sales revenue of RMB 2 billion in 2007.
Peguform GmbH is one of 25 strongest automotive parts enterprises in Germany and has been listed into Global 100 automotive parts enterprises. It mainly offers bumpers, door panels, instrument boards, columns, and other interior and exterior trims for Audi, BMW, VW, GM, Benz, OPEL, FIAT and Porsche. Peguform trim products take a leading position in European market. Establishing Changchun Peguform with CAIP marked the first cooperation of Peguform GmbH with Chinese automotive parts enterprise.
As we are facing the new challenges in technical innovation, utilization of new materials and quality/cost control, CAIP and Peguform GmbH shared the same development vision and jointly established Changchun Peguform Automotive Plastic Technology Co., Ltd. relying on respective advantages.
The establishment of Changchun Peguform fully takes advantages of design, technology, development and utilization of new materials and new processes of both parties, expand new product field, build into a strategic partner and a core supplier of automobile manufacturers and meet the development needs of automobile manufacturers to the largest extent by effective quality and cost control. Now, Changchun Peguform mainly produces trim products such as door panels and columns for middle and high-grade cars, and will expand automotive trim parts during development.
With the help of all departments of Jilin Provincial Government and Changchun Municipal Government as well as FAW Group and FAW-VW and other major automobile manufacturers, the newly-founded Changchun Peguform plays a positive role in development of global platform and output of technologies and products by sincere cooperation of both parties and has made great contributions in construction and development of China automotive parts industry, leading the industry to go global.