Visteon Corporation (NYSE: VC) today celebrated the expansion of its Yanfeng Visteon Automotive Electronics (YFVE) manufacturing facility in Shanghai, China. The expansion will help the Visteon electronics joint venture support rapidly growing customer needs. "The plant expansion further strengthens our already formidable electronics capability in China," said Steve Meszaros, Visteon product group president. "YFVE is one of Visteon’s longest-standing joint ventures in China. We remain committed to supporting its future growth by bringing global advanced technology and world-class manufacturing management experience and practices."
The expansion more than doubles the size of the plant to approximately 30,000 square meters (323,000 square feet); the facility now can accommodate up to 1,300 employees. The plant produces a full product range including driver information, audio and infotainment, and center stack controls. The expansion boosts the plant’s yearly capacity by almost 50 percent and allows it to incorporate more world-class manufacturing equipment and processes for improved operational efficiency.
"The expansion of our Shanghai plant enhances our capabilities to better serve our customers with the highest quality products," said Decio Mendao, general manager of YFVE. "It truly demonstrates our commitment to continuously deliver exceptional value." Established in 1994, YFVE is a market leader in automotive electronics in China, designing and manufacturing a full range of automotive electronics components and systems for both domestic and overseas markets. YFVE has five manufacturing facilities in China and a world-class technical center in Shanghai. It serves a wide range of both international and domestic Chinese automakers.
Visteon is a leading global automotive supplier that designs, engineers and manufactures innovative climate, electronic, interior and lighting products for vehicle manufacturers. With corporate offices in Van Buren Township, Michigan. (U.S.); Shanghai, China; and Chelmsford, UK; the company has facilities in 27 countries and employs approximately 25,000 people. Learn more at www.visteon.com.
