HANGZHOU, China, July 15, 2015 /PRNewswire/ -- Leading automotive interiors supplier International Automotive Components (IAC) continued its aggressive global expansion with the inauguration of its newest facility located in Hangzhou, China, yesterday, July 14, 2015. This marked the company's 11th facility opening in seven countries in the past two years, increasing its total number of worldwide locations to 102.
The new Hangzhou location will employ more than 220 people and initially will manufacture door panel and center console assemblies for Changan Ford, along with door trim components for Shanghai General Motors and instrument panel and center console components for Chery Jaguar Land Rover. Reinforcing the Company's vertical integration strategy, the new IAC operation will also provide a range of premium cut, sewn and wrapped interior components, utilizing highly crafted materials, such as leather, simulated leather and cloth solutions featuring an array of custom stitch patterns.
"Our new Hangzhou operation reflects our on-going commitment to support our global customers with premium interior manufacturing capabilities in line with their global platform strategies," said Brian Pour, senior vice president of IAC's North Asia region. "Our premium cut, sew and wrapping operations at this plant join 20 other IAC locations around the world, further exemplifying a vertical integration strategy that differentiates IAC from many competitors and brings added value to our customers."
Hangzhou is IAC's 14th new location in China since 2006, bringing the total number of Asian locations to 29, including the company's new regional headquarters in Shanghai (June 2014). Prior to Hangzhou, the company most recently opened two manufacturing facilities in Changshu, China in October 2014.
At 78,577 square feet (7,300 square meters), the state-of-the-art Hangzhou plant is strategically located near regional logistics hubs and several OEM customer assembly plants.
IAC, the largest singularly-focused supplier of automotive interiors globally, is built on the core principles of exceptional design, engineering and manufacturing driven by a culture of relentless continuous improvement. IAC has expanded from 11 locations in 2006 to more than 100 locations around the world today. As recently as May 2015, the company celebrated the opening of its new 90,000-square-foot (8,361-square-meter) Arteaga, Mexico, manufacturing operation to support the automotive industry's continued growth in the country.
International Automotive Components (IAC) is a leading global supplier of automotive components and systems, including interior and exterior trim. The company's 2014 sales were $5.9 billion. Headquartered in Luxembourg, IAC Group operates 82 manufacturing facilities in 19 countries. The company has 102 locations in 21 countries, including 27 design, technical and commercial centers, and employs more than 32,000 people globally. For more information, visit www.iacgroup.com.
SOURCE International Automotive Components (IAC)