Yanfeng Automotive Interiors joint venture formally launches
Joint venture ranks as world's largest automotive interiors supplier
SHANGHAI, July 2, 2015 /PRNewswire/ -- Today marks the launch of Yanfeng Automotive Interiors, the world's largest automotive interiors supplier. The company is a joint venture between Yanfeng Automotive Trim Systems Co., Ltd., a wholly owned subsidiary of Huayu Automotive Systems Co., Ltd. (HASCO), which is the component group of SAIC Motor Corporation Limited (SAIC Motor), and Johnson Controls, (NYSE: JCI), a global multi-industrial company.
The joint venture now ranks as the largest automotive interiors company in the world with revenues of approximately $8.5 billion, with an order backlog to reach $10 billion in the next few years. Yanfeng holds the majority 70 percent share in the joint venture and Johnson Controls has a 30 percent share.
Yanfeng Automotive Interiors core product portfolio includes instrument panels and cockpit systems, door panels, floor consoles and overhead consoles. Based in Shanghai, the company has more than 90 manufacturing and technical centers and employs over 28,000 people globally.
"We are excited about the future opportunities it represents for Yanfeng Automotive Interiors and our customers around the world," said Johannes Roters, chief executive officer of Yanfeng Automotive Interiors. "Operating as one team, we will leverage our unmatched global presence, technical expertise and scale to help achieve complete customer satisfaction."
In addition to Roters, the Yanfeng Automotive Interiors leadership team will consist of Weizhong Wang as deputy CEO, Bob Van Himbergen as chief financial officer and Yiru Su as chief commercial officer.
Johannes Roters is a 26 year employee of Johnson Controls and has served in positions of increasing responsibility within the company's Automotive Experience business. He most recently served as group vice president and general manager, Automotive Interiors. Weizhong Wang has worked for Yanfeng for more than 12 years. He most recently served as general manager of Interior Business Units in Yanfeng. Bob Van Himbergen has been with Johnson Controls since 2007. He most recently served as vice president, Finance, Integrated Supply Chain in the company's Power Solutions business. Yiru Su has been with Yanfeng since 1993. He most recently served as senior director of Customer Business Management in Yanfeng.
About Yanfeng Automotive Interiors:
Yanfeng Automotive Interiors is the world's leading supplier of instrument panels and cockpit systems, door panels, floor consoles and overhead consoles. Headquartered in Shanghai, the company has more than 90 manufacturing and technical centers in 17 countries and employs over 28,000 people globally. Established in 2015, Yanfeng Automotive Interiors is a joint venture between Yanfeng Automotive Trim Systems Co., Ltd, a wholly owned subsidiary of Huayu Automotive Systems Co., Ltd. (HASCO), the component group of SAIC Motor Corporation Limited (SAIC Motor), and Johnson Controls, a global multi-industrial company. For more information, please visit www.YFAI.com
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SOURCE Yanfeng Automotive Interiors
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