Grammer says it is in advanced negotiations to establish a joint venture with Changchun Fawsn Group for automotive interior components. Grammer will hold 50% of the future joint venture, Changchun Grammer Fawsn Vehicle Parts. The other 50% will be held by Changchun Fawsn Group.
The joint venture will produce a range of automotive interior components, which will be primarily fitted to vehicles produced by FAW Group.
FAW Group is the third-largest Chinese OEM. The supplier specializes in development and production of components and systems for automotive interiors such as headrests, armrests, center console systems, interior components, operating systems and thermoplastic solutions.