Autoliv to close Australian plant, expand in China

Newswire

STOCKHOLM, Oct 31 (Reuters) - Autoliv, the world's biggest maker of air bags and seat belts, said on Monday it would invest $10 million in expanding one of its plants in China, moving production from an Australian plant which would be closed. Autoliv will expand its webbing plant in Shanghai and close its webbing plant in Australia, saving $2 million per year starting in 2007, the firm said in a statement. The decision to close the plant in Australia follows plans unveiled in June to ...

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