Nobel Motor Company to Form Joint Venture with Fuzhou Forki Automotive Parts Co., Ltd.
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According to a report by the American Auto News China on December 23, Nobel Motor Company will form a joint venture with Fuzhou Forge Auto Parts Co., Ltd., which will produce automotive fluid processing systems. The name of the joint venture company is Nobel-Focke, Nobel is the controlling party, and Larry Denton, president of the company, is the chairman of the joint venture.
Murat Orhan, Chairman and CEO of Orhan Holding stated: “The Nobel Rocket joint venture reflects our commitment to our global growth strategy. We are very excited to continue our production and customers through this initial investment in China. The business grows and realizes its diversified development."
Larry Denton, president of Nobel Motor Company, said: “Extending our fluid processing business in Asia further strengthens our ability to provide support for an expanding customer base and provide outstanding value for global and domestic platforms. The Nobel Rocket joint venture is rapidly developing in China. The growth of fluid handling systems opens up important growth opportunities in the market.â€
Peng Wudong, chairman and chief executive officer of Fuzhou Fuji Automobile Parts Co., Ltd., said: “The joint venture combines Nobel's world-class fluid processing system technology with Fuzhou Fujia's manufacturing quality and customer support provided to automobile manufacturers across Asia. By integrating our strengths, we are expected to be the first supplier of fluid handling solutions in Asia."
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