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Brembo going "Made in China"

Quote:

Brembo Signs Agreement to Establish New Manufacturing Hub for Brake Systems in China

December 2, 2009
By aftermarketNews staff

STEZZANO, Italy -- Brembo S.p.A. and Donghua Automotive Industrial Co., a member of the SAIC Group -- China's leading manufacturer of cars and commercial vehicles -- have signed a preliminary agreement for the purchase of foundry plants and equipments, in order to establish a new integrated Brembo manufacturing hub in Nanjing, including a foundry and a machining facility for brake callipers and discs for use in cars and commercial vehicles. The purchase is valued at EUR 8.5 million (approximately $13 million).

For this project, Brembo S.p.A. has formed a new fully owned subsidiary, Brembo Foundry Nanjing Co. Ltd., with share capital of RMB 100 million (equivalent to approximately $15 million).

The agreement will enter into effect on Jan. 15, 2010, following approval from Chinese authorities.

The new manufacturing hub will become operational in early 2010 and will include new machining facilities with the aim of developing an integrated industrial system capable of offering the Chinese market high-quality, high-technology brake systems.

In order to keep pace with the constant growth of the Chinese automotive market, which is expected to continue in the coming years, Brembo says it will further invest for the foundry about EUR 20 million (approx. $30 million) in the period 2011 through 2014. In the same period, the JV Brembo Nanjing Brake System (70 percent owned by the Brembo Group and 30 percent by Donghua) will invest additional EUR 20 million ($30 million) to expand current production capacity.

The JV Brembo Nanjing Brake System currently employs a staff of approximately 300 and is forecast to achieve EUR 22 million (approx. $33 million) in revenue and a positive EBIT in 2009.

Brembo expects to triple its output of brake discs and callipers by 2013.

The JV's main customers are BMW, Daimler, VW, Volvo, Iveco, MG, and Mitsubishi (the latter beginning in 2010).

I give it 2 years before the name is tarnished.

I lost faith when i was at a parade recently, and was handed a small American flag that had "Made In China" stamped on it.

America: Made In China

Can you even make brake rotors and pads out of lead?

they say its mostly for the chinese car makers, I.E. brembo blank discs...but we'll see what happens when people start ordering parts and they come stamped MADE IN CHINA

Germans will be confused, "Zwhat zis zthis zstuff, zchinese?"

Quote:

Originally Posted by Squirrel (Post 660884)

Germans will be confused, "Zwhat zis zthis zstuff, zchinese?"

Hal Baer must be grinning from ear to ear.

Quote:

Originally Posted by sweetbmxrider (Post 660917)

http://www.ls1lt1.com/forum/images/smilies/facepalm.gif pushed another one to china

Fixed.

Speaking of china has anyone heard that apparently we've been looking the other way on asbestos regulations with the drywall they produce for us?

Quote:

Originally Posted by r0nin89 (Post 660937)

Speaking of china has anyone heard that apparently we've been looking the other way on asbestos regulations with the drywall they produce for us?

Not what I heard. I heard it was poor QC on our part- which is a big faux pas when importing goods.

Quote:

Originally Posted by 91chevywt (Post 660860)

I lost faith when i was at a parade recently, and was handed a small American flag that had "Made In China" stamped on it.

America: Made In China

that there is just wrong!!!! jesus

Harley has been getting away with that stuff forever. Everything they make is made outside of America but since it's assembled here they can state manufactured in America but if you open the box it stamped made in china on the part. I don't blame companies for going overseas. I work in manufacturing the Chinese can make the parts for what we get material for. So before I even take the metal stock off the truck I spent more money then the Chinese do the whole job for. This is really hurting our econonmy. Luckly thig. Are starting to change and it will be cheaper for the good ol USA to make things then china.

Lets reserve judgment until we see what they do with their new foundry.

If they use the China foundry to produce lower cost lower quality parts and still produce that high price high quality stuff in Europe, then it works out in Brembo's favor.

But as previously stated, if you open the package of your new $2500 GT brake kit and it say made in china...Brembo is F****d

well if it says made in china, its getting repacked and sent back