 "Haartz forms JV with Minth for Chinese automotive market")
Haartz Corporation, the US-based company that designs convertible toppings and interior surface materials for automotive sector, on April 11, 2016 entered into a joint venture agreement with the Minth Group to tap the Chinese automotive market.
The new company, to be known as Haartz-Minth (Ningbo) Automotive Ltd, will focus on manufacturing automotive interior surface materials utilising Haartz technology and know-how. The business will be located near Ningbo, China, benefiting from existing resources of the Minth Group’s TaiYong facility.
“Haartz is a leading supplier of soft-trim materials for the automotive interiors market, and we serve many of the world’s leading OEMs and major Tier 1 suppliers. As seen from numerous OEM announcements in recent years, China is becoming an increasingly important market for US based automakers and suppliers. This alliance with the Minth Group will help us to meet the demands of our customers quicker and more cost-effectively,” said John Fox, president of the Haartz Corporation.
Included in the joint venture is the Haartz product line of mouldable surface materials for various interior components including door panels, instrument panels and centre consoles. These products are based on thermoplastic olefin (TPO) surface technologies which offer weight savings and reduced volatile organic compound emissions to the finished components.
Established in 1992, the Minth Group began as a small factory located outside of Ningbo, China and has since expanded to become a leading supplier in design, manufacturing and sales of body structural parts, trims and decorative parts of passenger vehicles.
Approval from the Chinese government is needed for the new company. Initial plans call for production of TPO foils and foam laminates based on Haartz technology. Assuming timely approval of all permits and registration, production is expected to be underway in the second half of 2017.
The Haartz Corporation (Haartz) is one of the leading players in highly engineered and uniquely designed convertible toppings and interior surface materials. The company’s world headquarters and North American manufacturing operations are located in Acton (Massachusetts), with additional manufacturing in Mannheim (Germany) and coming soon to Pune (India).
The new company, to be known as Haartz-Minth (Ningbo) Automotive Ltd, will focus on manufacturing automotive interior surface materials utilising Haartz technology and know-how. The business will be located near Ningbo, China, benefiting from existing resources of the Minth Group’s TaiYong facility.
“Haartz is a leading supplier of soft-trim materials for the automotive interiors market, and we serve many of the world’s leading OEMs and major Tier 1 suppliers. As seen from numerous OEM announcements in recent years, China is becoming an increasingly important market for US based automakers and suppliers. This alliance with the Minth Group will help us to meet the demands of our customers quicker and more cost-effectively,” said John Fox, president of the Haartz Corporation.
Included in the joint venture is the Haartz product line of mouldable surface materials for various interior components including door panels, instrument panels and centre consoles. These products are based on thermoplastic olefin (TPO) surface technologies which offer weight savings and reduced volatile organic compound emissions to the finished components.
Established in 1992, the Minth Group began as a small factory located outside of Ningbo, China and has since expanded to become a leading supplier in design, manufacturing and sales of body structural parts, trims and decorative parts of passenger vehicles.
Approval from the Chinese government is needed for the new company. Initial plans call for production of TPO foils and foam laminates based on Haartz technology. Assuming timely approval of all permits and registration, production is expected to be underway in the second half of 2017.
The Haartz Corporation (Haartz) is one of the leading players in highly engineered and uniquely designed convertible toppings and interior surface materials. The company’s world headquarters and North American manufacturing operations are located in Acton (Massachusetts), with additional manufacturing in Mannheim (Germany) and coming soon to Pune (India).
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