Deutz and FAW joint venture in China

15 April 2008

A ten-year co-operative venture between Deutz AG and FAW Jiefang Automotive Co Ltd was formalised on 19 December. The new company will be owned equally but led by Deutz, which will invest €60 million. FAW has provided its new plant at Dalian, which has an initial capacity of 50,000 engines to be sold to companies in the FAW Group and Deutz customers in Asia. The factory capacity will eventually be increased to 100,000 engines for local sale.

Gordon Riske, chairman of the Deutz management board commented, “This joint venture presents a unique opportunity to increase our exposure in Deutz' largest regional growth market and to accelerate out growth in the four to seven litre engine market. FAW is the ideal partner and will enable us to exploit markets that have previously been covered by manufacturers with their own production facilities.”

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