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Joint Venture Metelli - Taixin: signed the closing of the acquisition of the majority stakes of Chinese Company

  • 27 lug 2022
  • admin
  • General Media

On July 15th 2022, Metelli S.p.A. signed the closing of the acquisition of the majority stakes of Chinese Company Houzhou Taixin. The new Company, named Metelli-Taixin, will be based in Houzhou (Zhejiang province) south-west of Shanghai area. Houzhou Taixin Company is internationally recognized as a manufacturer of quality water pumps for both passenger cars and heavy-duty vehicles, building over the years a high level of technical know-how and strong knowledge of the supply chain. 

Such skills have promoted their status of strategic partner for main distributors in several foreign markets such as the United States. By August 2023, all operations will be relocated in a brand new, state of the art, factory located a few miles away from current location.  The 15.000 sqm building will host production site of full range of Taixin water pumps as well as new range of Metelli’s brand water pumps, ensuring the highest quality level that has always distinguished both brands. The new facility will comply with the most demanding standards in terms of sustainability, safety and environment.

Metelli management will be directly involved locally to contribute in increasing the know-how and the quality of the extended production facility. The main strategic targets of the Joint Venture will be to achieve a greater market share of Metelli brand in PRC and APAC markets and increase the production capacity for Metelli Group worldwide. Metelli–Taixin will include also a dedicated team of specialists supporting the Group in procurement of   components and finished products, thus securing both quality and availability to meet on time delivery. Wishing a warm welcome to the new members of Metelli Team, I look forward to start working together.