SHANGHAI — Shanghai TRW Engine Valve Co. (STEVC), a joint venture between U.S.-based TRW Inc. and Shanghai Anting Industrial Corp., begins engine valve production. TRW holds an 86% stake in the venture, which the two companies founded in May 1998 with a total investment of US$10 million and registered capital of US$8.33 million. The parts supplier, which has an annual production capacity of 2.5 million units, imported from Germany an automated production line with the ability to ...
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