MEDIA RELEASE PR40524
Huf México Officially Opened
VELBERT, Germany, July 21 /PRNewswire-AsiaNet/ -
Huf Hülsbeck & Fürst GmbH & Co. KG, supplier of car access, start and
locking systems based in Velbert (Germany) focusses on further expansion and
has been building up additional production capacity at foreign locations. The
newly erected production site of the subsidiary Huf México, which was founded
in Puebla 18 months ago, was officially inaugurated this week. Huf México
supplies products to Ford, VW, GM, Kia and BMW.
Huf sees itself as a supplier of specialized sub-systems which are
integrated in the body architecture of vehicles, especially after the
expansion of its electronic know-how two years ago. Huf México not only
invested in the installation of assembly lines with plastic moulding but also
in the erection of a production for electronic components. "We are aiming at
offering our technologies and competence to our customers in a concentrated
form", explains Ulrich Hülsbeck, CEO. "We expect the American market to grow
and planned in a way that we are able to enlarge production capacity of
currently 11,000 square meters at short notice." All in all about 17.5
million Euros were invested in the new subsidiary. At the moment Huf México
produces primarily locking systems, in future there will be a production for
passive entry systems and car access systems as well as door handle systems,
too.
The South American operation Huf do Brasil moves in the same direction
and doubles its production area in order to serve new orders in the Brazilian
market. In boom market China Huf had already started with a first subsidiary
-
Yantai Huf - in 1994. Shanghai Huf followed only three years later. There
Huf is currently setting up a new electronic center to intensify the close
contact with customers in the Chinese market. "We reply to the demands of
Chinese automotive companies in order to realize specific requirements for
the product development in their market."
Both subsidiaries enlarged their painting capacities for the production
of door handles and garnishes lately. Also, last year two more companies,
Changchun Huf and Yantai Huf Tools, were founded. The latter specializes in
moulding, production of assembly lines and special machinery just like the
daughter company Huf Tools in Velbert.
Having started in new markets with the help of joint venture partners in
the beginning, the Huf Group later changed its policy and aimed at purchasing
the shares of the joint venture partners or, after terminating the joint
venture, re-starting business on its own. This is why Huf built up an Indian
daughter company in Pune on its own, Huf India. Huf also acquired the shares
Ficosa S.A. held in the two subsidiaries in Iberia meaning that Huf España
and Huf Portuguesa are now 100 per cent in the ownership of the Huf Group.
In 2009 the Huf Group reached a turnover of 707 million Euros, employing
5,200 people worldwide. The family business runs operations at 15 locations
in Europe, America and Asia.
For further information:
Huf Hülsbeck & Fürst GmbH & Co. KG
Dipl. Oec. Ute J. Hoppe
Director Corporate Communications
Steeger Strasse 17 42551 Velbert
Tel. +49(0)2051/272-572
E-Mail: ute.hoppe@huf-group.com
SOURCE: Huf Hulsbeck & Furst
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