Spanish auto parts maker Grupo Antol¨ªn Irausa SA companies in China and South Korea recently launched investment and the signing of cooperation agreements to strengthen the position in Asia.

This is headquartered in Spain Burgos car interiors molder - including door plaque, Ding Peng and seats - with the Chinese auto parts supplier Ningbo Hing Wah Electronics Co., Ltd. have formed a joint venture funding Enterprises. Called Ningbo Antol¨ªn Huaxing Auto Parts Co.Ltd.'s Joint venture located in Ningbo, Zhejiang, the automotive industry will develop and produce doors and pillars of plaque.

At the same time, Grupo Antol¨ªn company has signed purchase is headquartered in Busan, South Korea's interiors molder Dongwon Technology Co.Ltd. 30 percent stake in the company. Dongwon company interiors, including door plaque, the pillar and shade plate. Company is located in the Zhejiang Xiangshan (near Ningbo) production base with a variety of injection molding machine, from the sky, Engel and Mitsubishi companies.

Grupo Antol¨ªn company also established the Seoul called Grupo Antol¨ªn-Korea's technology and commercial subsidiaries, and for Korea's leading car manufacturer Hyundai Motor, Kia Motors and Renault Samsung Motors to support the business .

Grupo Antol¨ªn company said the new joint venture plant in China in the early completion of bilateral investment of about 10 million euros (109.6 million yuan), three years before the expected sales of 30 million euros (328.7 million yuan).