ASIMCO Technologies, Phillips and Temro start joint ventures in China
ASIMCO Technologies Limited (ASIMCO), one of the leading independent producers of automotive components in China, and Phillips and Temro Industries (PTI), a US producer of cold start and emissions control products, announced in a statement today to establis a joint venture to design, manufacture and distribute electrical intake air heaters for the China diesel engine marlet.
ASIMCO PTI Air Intake System (Yizheng) Co., Ltd., will be located in a new facility in Yizheng of Jiangsu Province where ASIMCO has three existing manufacturing plants.
Jack Perkowski, Chairman and CEO of ASIMCO said, ''This partnership expands ASIMCO's strategic alliances and strengthens its technological capabilities to serve this market. It brings with it important technology to produce a high performance cold start aid and emissions control product essential for engine manufacturers to meet international standards for Euro III and Euro IV emissions not currently available in the domestic market.''
Distribution of these China made intake air heaters to the domestic commercial vehicle market wil begin in the fourth quarter of 2006.