SHANGHAI — Arvin Industries Inc. acquires a majority stake in its joint venture, Shanghai Hua Wen Exhaust Systems Co. Ltd. Arvin Industries, based in Columbus, Indiana, U.S.A., increased its equity stake from 35% to 55%, acquiring the shares from JV-partner Xian Hua Group Co. Ltd. The joint venture manufactures exhaust systems in Shanghai and is a supplier to Shanghai General Motors Co. Ltd. and Shanghai Volkswagen Automotive Co. Ltd. Arvin also has plans to introduce its catalytic ...
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