Thyssen buys 34 pct stake in Chinese auto supplier


FRANKFURT, Oct 27 (Reuters) - German industrial group ThyssenKrupp has bought a 34 percent stake for an undisclosed amount in a newly founded Chinese automotive supplier that will make crankshafts, it said on Wednesday. The supplier, Huizhou Sumikin Forging Co, will start production of forged crankshafts in November and expects to manufacture roughly 800,000 per year. "The investment in HSFC will increase ThyssenKrupp Automotive's presence in Asia and provide an opportunity to ...

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