On July 3, Shi Zhijun, deputy mayor and secretary of the CPC Wujin District Committee, met with the delegation headed by Wang Yiyi, vice chairman of the Board of Directors of Johnson Electric Holdings Limited, in Wujin National High-tech Industrial Zone (WIZ), and witnessed the signing of the phase-II project of Stackpole Automotive Engineered Products (Changzhou) Co., Ltd.
Established in 1959, Johnson Electric got listed on the Hong Kong Stock Exchange in 1984. The group a global leader in motion products, control systems and flexible interconnects. We serve a broad range of industries including automotive, building automation and security, business machines, defense and aerospace, food and beverage, home technologies, HVAC, industrial equipment, medical devices, personal care, power equipment and power tools. Its subsidiary Stackpole Automotive Engineered Products (Changzhou) Co., Ltd. was established in August 2011, mainly engaged in the research, development, production and sales of automobile engine emission control devices, engine and transmission pumps, electronic pumps and vacuum pumps.
Stackpole Automotive will increase its investment by US$75 million and increase its registered capital by US$20 million, in order to build a new R&D center and production base in the WIZ. After the capital increase, the company's total investment will reach 120 million US dollars, and the registered capital will achieve 40 million US dollars. After the project is completed and put into production, it is estimated that the annual sales will reach 1.8 billion yuan.
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